Natural Resources Minister Jerome Kennedy speaks with reporters following question period in the House of Assembly Thursday. — Photo by Gary Hebbard/The Telegram
Natural Resources Minister Jerome Kennedy laid out legislation today that will rewrite the rules for Labrador industrial electricity customers.
The legislative changes will drastically increase the amount of money that is charged for electricity.
Currently due to an old contract that expires in 2015, industrial customers pay 0.6 cents per kilowatt hour.
The legislation will largely exclude the Public Utilities Board from rate setting in Labrador industrial situations.
Officials said this policy will not affect residential or commercial rates in Labrador.
At its core, Kennedy said the goal is to increase industrial rates - Labrador currently has the lowest rates in the country - but still keep the Labrador rate lower than the competition across the border in Quebec.