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

US Grid Gets an Overhaul for Renewables

US Grid Gets an Overhaul for Renewables

WASHINGTON - The US took a significant step towards a cleaner energy future on May 13th, 2024. The Federal Energy Regulatory Commission (FERC) approved the first major update to the country's electric transmission policy in over a decade. This overhaul aims to streamline the process of building new power lines, specifically those that connect different regions. This improved connectivity is crucial for integrating more renewable energy sources like wind and solar into the national grid.

The current system faces challenges in handling the influx of renewables. Renewable energy sources are variable by nature – the sun doesn't always shine, and…

READ MORE
Las Pailas plant, Costa Rica

Costa Rica hits record electricity generation from 99% renewable sources

READ MORE

oil workers

Oil crash only a foretaste of what awaits energy industry

READ MORE

Can COVID-19 accelerate funding for access to electricity?

READ MORE

alberta-advances-electricity-plans-with-rate-of-last-resort

Alberta Advances Electricity Plans with Rate of Last Resort

READ MORE