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Nunavut government approves latest power rate increase – Nunatsiaq News

All communities to see 7.1 per cent hike in all rate categories, effective May 1

Paul Okalik, the minister responsible for the Qulliq Energy Corp., has given Nunavut’s electrical power utility the go-ahead to impose a rate hike of 7.1 per cent across all customer categories.

The new rate is effective as of May 1, 2014, the corporation said in a June 3 release.

“This increase will bring QEC’s revenue in line with its expenses,” said QEC president Peter Ma. “Increases to QEC’s revenues are necessary because expenditures, such as fuel and other operating costs have increased.”

Citing a need to meet rising costs, the corporation filed a new rate hike application last November, which sought to raise power bills by an average of 5.1 per cent by April 2014.

Read more: http://www.nunatsiaqonline.ca/stories/article/65674nunavut_power_rate_hike_approved/

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