Premier asks NL Hydro to use a $45M credit to bring down a 7 percent hike in power bills this July

    Thursday, 23 April 2026 06:00

    By Tonya Organ

    NL Hydro picture

    By applying the Rural Rate Alteration account, the overall increase for island residential customers would be reduced to 2.25 per cent.

    Premier Tony Wakeham has written to NL Hydro asking them to apply a $45M credit to help offset upcoming increases to the cost of electricity. On July 1st, power bills are projected to increase by 7 percent.  By applying the Rural Rate Alteration account, the overall increase for island residential customers would be reduced to 2.25 per cent.

     

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