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.
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.
Update on 2019 Electricity Rates
On October 26, 2018, Hydro filed an update with the Newfoundland and Labrador Board of Commissioners of Public Utilities (PUB) for 2019 electricity rates.
This request is all part of the ongoing General Rate Application.
Due to a forecast increase in the price of fuel primarily, rates are now projected to rise by approximately 4.0% for most residential customers in July 2019. (The original rate request for 2019 was 6.4%)
You can learn more about the process of the General Rate Application 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.