Manitoba Hydro has filed a rate application with the Public Utilities Board (PUB) requesting an overall average five per cent electricity rate increase, effective January 1, 2022.
If approved, the average residential customer who does not heat with electricity, using about 1,000 kilowatts per month, would result in an approximate $5 increase on their monthly energy bill.
For a customer who heats with electricity, using about 2,000 kilowatts a month, the increase on their monthly bill would be approximately $10.
“We know no one wants to see a higher electric bill,” said Jay Grewal, President and CEO of Manitoba Hydro. “Unfortunately, we’re in a situation where the drought is having a major impact on our finances and we don’t know when precipitation levels will return to normal. Without a rate increase, our ability to continue to reinvest in our system so that we can continue to serve Manitobans with reliable, clean energy will be hampered.”
The higher rate ask is a direct result of the impact of the ongoing drought on the Corporation’s finances.