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ELECTRICITY RATES ARE CHANGING EFFECTIVE MARCH 1, 2022

March 8th, 2022

Rates for Newfoundland and Labrador Hydro’s (Hydro) Island Interconnected, L’Anse au Loup and Isolated Rural customers decreased, effective March 1, 2022.

Why are rates decreasing?

The settlement agreement relating to Newfoundland Power’s 2022/2023 General Rate Application resulted in an average decrease of 1.1% in electricity rates for residential and commercial customers effective March 1, 2022.

As Newfoundland Power changes its rates, Hydro is required to automatically adjust rates for some customers so they pay the same rates as Newfoundland Power customers or their existing rates are adjusted by the average rate of change granted Newfoundland Power.
Rates are implemented in accordance with Section 16 of Hydro’s Rules and Regulations, Policies for Automatic Rate Changes.

 

 



Media Contact:

Jill Pitcher
Senior Communications Advisor, Newfoundland and Labrador Hydro
t. 709.737.1219 / c. 709.689.9938 e. JillPitcher@nalcorenergy.com