NL Hydro wants rate hike
The company has applied to the provinces Public Utilities Board to raise rates for people across Newfoundland and most of Labrador starting in July.
Hydro is looking for an increase under the provinces rate stabilization plan. Its set up to smooth out price swings caused by fluctuating oil prices throughout the year.
The price of oil required for electricity generation at the Holyrood Thermal Generating Station is forecast to be higher than over the last 12 months, said Jim Haynes, Hydros vice president of regulated operations in a recent news release.
If Hydro gets its way, most of its customers will pay about two per cent more for electricity.
The Public Utilities Board is still considering Hydros application.
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TORONTO - Applications for the CEAP program for Ontario residential consumers has opened. Residential customers across the province can now apply for funding through their local distribution company/utility.
On June 1st, our government announced a suite of initiatives to support Ontario’s electricity consumers, including a $9 million investment to support low-income Ontarians through the COVID-19 Energy Assistance Program (CEAP). CEAP will provide a one-time payment to Ontarians who are struggling to pay down overdue electricity bills incurred during the COVID-19 outbreak.
These initiatives include:
- $9 million for the COVID-19 Energy Assistance Program (CEAP) to support consumers struggling to pay their energy bills during…
