PEI delays rate hike
Maritime Electric was planning a new scheme of power rates that will eliminate the two-tier residential rate system, which gives lower rates to customers who consume a lot of electricity.
That price change was scheduled for April 1 and it would have dramatically increased electricity costs for hundreds of Island farmers.
Both Energy Minister Richard Brown and the Prince Edward Island Federation of Agriculture spoke out against the move.
The agriculture federation said the change would have pushed their electrical costs up 25 to 30 per cent.
Maritime Electric asked the regulatory board to delay the policy change, so there could be more public consultation.
The policy change was approved by the board back in 2008.
At that time, IRAC approved a Maritime Electric request to eliminate the two-tiered pricing system to customers who used large amounts of electricity. It was to be phased out over three years, and completely eliminated this April.
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It exceeded Bruce 8’s run of 623 consecutive days between May 2016 and February 2018. Bruce 1, a Candu reactor, was put into service in 1977. It was shut down and mothballed by the former Ontario Hydro in 1997, and was refurbished and returned to service in 2012 by Bruce Power.
Bruce units 3 and 4 were restarted in 2003 and 2004.…
