Hydro rates to increase 2.5% annually for next three years

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Finance Minister Scott Fielding and Crown Services Minister Jeff Wharton announced the fixed-rate increase will be an amendment to controversial Bill 35 (The Public Utilities and Ratepayer Protection and Regulatory Reform Act) in the fall and will be set in the interim of a new regulatory process through the Public Utilities Board which will set out five-year rate increases.
The 2.5% increase will be the lowest increase in a decade.
“Our government is working to strike an appropriate balance to protect Manitoba ratepayers as we recover post-pandemic and to ensure Hydro is able to meet its financial obligations created by the previous government’s risky decisions,” said Fielding.

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