Rates on the rock rise on Canada Day
NEWFOUNDLAND-LABRADOR - As the flags rise on Canada Day, so will electricity rates in the province.
Electricity bills for Newfoundlanders and Labradorians will increase five to six per cent on July 1.
The Newfoundland Labrador Board of Commissioners of Public Utilities approved Newfoundland Power and Newfoundland and Labrador HydroÂ’s application for an increase.
The companies say a higher than expected increase in the cost of Bunker C oil is the reason for the increase.
For the average island consumer without electric heat, their bill will go from $105.90 to $111.87, an increase of 5.6 per cent.
People with electric heat that use more power on average will see their bills will go up 6.1 per cent from $196.20 on average to $208.18.
People in isolate areas of the island will see a slightly smaller increase, and Labrador residentsÂ’ power rates will not change.
Related News
Global Energy War Escalates: Price Hikes and Instability
LONDON - Russia's targeting of Ukraine's energy infrastructure has unleashed an "energy war" that could lead to widespread price increases, supply disruptions, and ripple effects throughout the global energy market.
This highlights the unprecedented scale and severity of the attacks on Ukrainian energy infrastructure. These attacks have disrupted power supplies, hindered oil and gas production, and damaged refineries, impacting Ukraine and the broader global energy system.
Energy as a Weapon
Experts claim that Russia's deliberate attacks on Ukraine's energy infrastructure represent a strategic escalation, demonstrating the Kremlin's willingness to weaponize energy as part of its war effort. By…
