Electricity Rates
At Hydro, we are dedicated to delivering safe, reliable, least-cost power our customers.
We know that customers are counting on us to manage electricity costs as much as possible. It’s our responsibility to manage rates and take steps to reduce costs and operate as efficiently as possible, while ensuring we continue to provide reliable service for our customers.
Update on General Rate Application
On May 7, 2019, Hydro received an Order from the Board of Commissioners of Public Utilities (Board) in relation to our current General Rate Application (GRA) filed in 2017. This represents one of the final steps in the rate application process. Over the coming weeks, we will carefully review the Order and then submit a final filing to the Board that provides updated information requested and proposed changes in electricity rates for customers. The Board will then review that filing and make a final decision about 2019 electricity rates. We expect a final decision later this year (fall 2019).
Read our full statement here.
You can learn more about the process of the General Rate Application here.
July 1, 2018 Rate Adjustment
Rates for domestic and general service customers on Hydro’s Island Interconnected, L’Anse au Loup, and Isolated Rural customers increased effective July 1, 2018. For more information and to learn why rates are changing, please click here.
How do our Electricity Rates Compare to Other Provinces?
According to a 2018 survey of electricity rates published by Hydro Quebec, domestic electricity rates in Canada range from 7 to 17 cents per kWh.
The average rate in Canada is approximately 13 cents per kWh.
Domestic electricity rates on the island of Newfoundland average approximately 12 cent per kWh.
To get information on how to be more energy efficient and save money on your electricity bill each month, visit takechargenl.com