On July 20, 2018 Hydro filed revised options for 2019 electricity rates with the PUB. These options were filed as a result of negotiations with the Consumer Advocate, Newfoundland Power and other intervening parties through the current rate application.

The revised options no longer include the rate smoothing measure that Hydro originally proposed in its application to the PUB, where savings gained by bringing power from Labrador or Nova Scotia could be used to help smooth future rate increases for customers when Muskrat Falls is in service.

Estimated customer electricity rate increases for January 1, 2019, have been lowered from 9.4% for most residential customers on the island, to 1.2%. A final decision on electricity rates for 2019 is expected by the Public Utilities Board later this year.

More details are available here and on the PUB website at www.pub.nf.ca