N.L. electricity rates increasing in July

Send to a friend

Send this article to a friend.

Consumers of electricity in Newfoundland and Labrador can expect to see an increase in their bills next month.

Telegram file photo

The Newfoundland and Labrador Board of Commissioners of Public Utilities (PUB) has approved an adjustment to electricity rates as a result of the annual review of the Rate Stabilization Account (RSA).

Newfoundland Power said in a news release today, effective July 1, electricity rates will increase on average by about two per cent, or about $2 on a $100 monthly electricity bill.

The RSA provides for an adjustment to electricity rates each year on July 1 to primarily reflect the price and amount of oil used by Newfoundland and Labrador Hydro in the generation of electricity at its Holyrood Thermal Generating Station.

Newfoundland Power said the application is an annual, routine filing to the PUB and neither utility receives any financial benefit from the change in electricity rates.

The actual amount of the increase will vary for individual customers depending on their class of service and the amount of electricity used.

Newfoundland Power points out in its news release that electricity rates in this province for residential customers remain among the lowest in Atlantic Canada.

It also says the company is committed to continuing to help customers save energy and save money in their homes and businesses by offering enhanced programs and practical tips through the takeCHARGE energy efficiency partnership with Newfoundland Hydro.

Organizations: Newfoundland Power, Newfoundland and Labrador Hydro, Holyrood Thermal Generating Station

Geographic location: Atlantic Canada.It

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Scott R
    June 25, 2014 - 13:20

    Its time for Mr Charles Murphy, to toss his hat into the ring. He will win the next election , for N & L. People lets get together and show support, not only for him, but for ourselves.

  • Charles Murphy
    June 25, 2014 - 05:19

    Spending is out of " Control " in this province, And its not in the best interest of people. Only elite few. If we don't get our act together, there going to many cold night and hunger days a head. Government isn't about the people anymore, Its about greed and control. and the hell with everybody else. We need a Leader, ASAP. If not, were done for.

  • gord
    June 24, 2014 - 22:10

    It feels like we are rewarding these people for a pathetic mismanaged service as they use the Labrador card for a rate increase.

  • Labradorian
    June 24, 2014 - 22:03

    Just like the political Newfoundlanders and Quebecer's ripping off the TRUE LABRADORIANS once again. First you had Joey Smallwood and Rene Levesque building Chuchill Falls and making billions of dollars. Than Quebec is selling the power from Churchill Fall's to the North eastern part of the United Staes and Southern Ontario. The Innu, Inuit and Metis along with the settlers of the True Labrador gets shafted once again. Where are the MLA's FOR THE lABRADORIANS?

  • Artie
    June 24, 2014 - 20:16

    This is nothing yet. In order to pay for Muskrat Falls NL power bills are going to increase by a total of 400%. This is not a made up number. If you have a 200 dollar hydro bill now, by the time Muskrat is up and running you will be paying around 800 bucks. This is the kind of thing that happens when majority governments are put in place. They do what they want, they get away with all of it, and at the end of the day do not care about re-election risks. No one is ever going to freeze rates as the government is on the hook for billions. Only the tax payer can pay for that and in the interim, our population will continue to decrease and many parents, like myself, will encourage my son to leave this province as soon as his education is complete. I am looking at leaving this place as well as soon as my son finishes college. If I do leave, I will never return. In my opinion Newfoundland is the absolute worse place to live in Canada.

  • chris
    June 24, 2014 - 18:25

    I think its about time that everyone in the province stopped paying their power bills. believe you me the government is not about to let the entire province go black. time to send a message that we are not to be abused by big corp.

  • trevor
    June 24, 2014 - 18:10

    for the sake of 5 or 10 bucks a month per customer maybe they'll be able to avoid the disaster that happened last winter. 2% is no big deal to small home consumers, it's the big apartment buildings and stuff that will really feel the pinch

  • steve
    June 24, 2014 - 14:32

    Make this a political issue,the main one and ask DWIGHT BALL or whoever the PC pick is to COMMITT to A RATE FREEZE . you will see their true colors then.These resources belong to all NLERS and should be treated that way.Why do we need to pay such big salaries to these people,and nor benefit from our provinces resources.One would think the price would be going down once Muskrat Falls gets up and running.It is gouging,time for civil disobedience by all NLERS if you ask me.

  • Jack
    June 24, 2014 - 13:22

    Talk about giving an allowance increase to a bad kid like Nalcor and Newfoundland Power. Due to Nalcor's electrical maintenance incompetence that resulted in frequent blackouts in January and March, they don't deserve a rate increase. In my opinion, they should have denied Nalcor and Fortis their rate increase as punishment for providing an unreliable service. Just as parents have a power to take away a kid's allowance as punishment for misbehaviour, the PUB should have done the same to Nalcor.

  • concerned
    June 24, 2014 - 11:52

    If they plan on putting up the rates they better make sure I have the power. Rollin blackouts and outages should be a thing of the past.

  • Louie the Lightning Bug
    June 24, 2014 - 10:11

    Wait until it is announced that it is going up $100 on a $100 electric bill - or more than that if the costs skyrocket, which they likely will. I mean, if they didn't foresee the need for a dome in order to get work done during the Labrador winter, how much foresight does the NALCOR team have and how much can we trust their budget estimates - whatever they are...no one truly seems to know.

  • Ken Collis
    June 24, 2014 - 09:21

    First, TakeCHARGE.NL is a joke. Second, among the lowest of three provinces???WOW Third, Why do we even have two power companies? The rich get richer.

  • Millie Donovan
    June 24, 2014 - 09:09

    Why do they bother to go to the PUB for approval, it is quite obvious they are going to get it any way. Do they really think the people of NL are idiots.