Hydro-Quebec won't ask for rate hike next year
MONTREAL -
Hydro-Quebec Distribution will not file a rate adjustment application with the province’s energy board this year.
In a statement released on Friday the Crown Corporation said it wants current electricity rates to be maintained for another year, starting April 1. That is consistent with the recently tabled Bill 34, which guarantees lower electricity rates for Quebecers.
The bill also provides a $500 million rebate in 2020, half of which will go to residential customers while $190 million will go to commercial customers and another $60 million to industrial ones.
Hydro-Quebec said the 2020-21 rate freeze will generate savings of nearly $1 billion for its clients over the next five years.
Bill 34, which was tabled in June, also proposes to set rates based on inflation for the years 2021 to 2024. After 2025 Hydro-Quebec would have to ask the energy board to set new rates every five years, as opposed to the current annual system.
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Coronavirus impacts dismantling of Germany's Philippsburg nuclear plant
BERLIN - German energy company EnBW said the coronavirus outbreak has impacted plans to dismantle its Philippsburg nuclear power plant in Baden-Wurttemberg, southwest Germany.
The controlled detonation of Phillipsburg's cooling towers will now take place in mid-May at the earliest.
However, EnBW said the exact demolition date depends on many factors - including the further development in the coronavirus pandemic.
Philippsburg 2, a 1402MWe pressurised water reactor unit permanently shut down on 31 December 2019.
At the end of 2019, the Ministry of the Environment gave basic approval for decommissioning and dismantling of unit 2 of the Philippsburg nuclear power plant, inluding explosive demolition…
