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Hydro rates to increase 2 5% annually for next three years

Article content We apologize, but this video has failed to load. Try refreshing your browser. Hydro rates to increase 2.5% annually for next three years Back to video 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.

Tories big Hydro lie just got fatter

Winnipeg Free Press By: Dan Lett | Posted: 7:00 PM CDT Thursday, Jul. 8, 2021 Opinion The Manitoba Hydro pig has been back to the salon for a whole new shade of lipstick. The Manitoba Hydro pig has been back to the salon for a whole new shade of lipstick. Subject to months of increasingly shrill criticism, the Progressive Conservative government has unveiled new political spin on Bill 35, the controversial proposed law that re-invents the process of setting annual electricity rate increases. A coalition, which includes consumers groups and the province s biggest industrial power users, is united in its condemnation of Bill 35, portraying it as a dangerous and needless disembowelling of the Public Utilities Board that will ultimately push the cost of electricity in Manitoba to historic heights.

Hydro increases set for three years

Hydro increases set for three years
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