Hydro-Québec wants to hike rates by 1.9%
Public hearings on requested increase will be held in December
After a 2.9 per cent increase this year, Hydro-Québec is asking the provincial energy board to approve another 1.9 per cent rate hike starting next April.
- Hydro-Québec hikes home electricity rates by 2.9%
- Hydro-Québec's 2014 profit surges 15% due to cold weather
- Community groups plan protest against Hydro rate hike
The hike would affect all residential customers — and most business customers.
Hydro-Québec says the rate adjustment is due to rising supply costs.
It also cites the impact of harsh temperatures over the past two winters.
Public hearings on the increase will be held in December.
If the increase is approved, Hydro-Québec estimates that customers will pay between $1.39 to $4 more per month, depending on the size of their apartment or home.
Hydro-Quebec says 1.9% rate hike is due to harsh winter conditions and rising supply costs. Public hearings on hike in December. <a href="https://twitter.com/hashtag/cbcmtl?src=hash">#cbcmtl</a>—@RebeccaUgolini
Hydro rate increases: Apartment +$1.39/month, Small home +$2.53/mo, Midsize home +$3.31/mo, Large home +$4.05/mo (source: HydroQC) <a href="https://twitter.com/hashtag/cbcmtl?src=hash">#cbcmtl</a>—@RebeccaUgolini