Manitoba Hydro rates jump by 3.36% in August

Manitobans will see a 3.36 per cent increase in their hydro bills starting Aug. 1.

$2.83 more per month for average Manitoban without electric heating, $5.41 with electric heating

Manitoba Hydro rates will increase by 3.36% on Aug. 1. (CBC)

Manitobans will see a 3.36 per cent increase in their hydro bills starting Aug. 1.

That's about $2.83 more for the average Manitoban without electric heating who uses about 1,000 kilowatt hours per month, Manitoba Hydro said in a news release.

Those with electric heating using an average of 2,000 kilowatt hours per month will see an increase of about $5.41 per month, the utility said.

The Public Utilities Board approved the increase on Thursday. 

"We are pleased with today's order issued by the PUB," said Manitoba Hydro president and CEO Kelvin Shepherd in a news release. "The PUB continues to recognize the need for moderate, predictable annual rate increases over a number of years."

Manitoba Hydro filed at least two applications with the board to have the rates increased by 3.95 per cent in 2015 and 2016. Hydro argued at the time that the increases were needed to ensure a safe, reliable supply of electricity in Manitoba.

The board approved the 3.95 per cent hike in 2015, which went into effect on Aug. 1.

The crown corporation had already been granted a 3.5 per cent increase in 2013 and an interim increase of 2.75 per cent in 2014.

The rate increases will help the provincial power utility fund multi-billion-dollar projects, including the Bipole III Reliability Project and the construction of the Keeyask Generating Station, the news release said.