This was the conclusion of the utility company’s recent general rate application, a Hydro rate increase and adjustments.
It’ll cost more to turn the lights on for Canada Day. Newfoundland Power customers will be paying 7 percent effective July 1st. This was the conclusion of the utility company’s recent general rate application, a Hydro rate increase and adjustments. In the absence of rate smoothing, the required customer rate increase would have been over 15 percent but the PUB settled on 8.5 percent. As well, NL Hydro has asked for a customer rate increase of 2.25 percent to cover things like Muskrat Falls and a July adjustment of 4.5 percent to allow NL Power to recover supply costs.
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