Manitoba looking to raise electricity rates 2.5 per cent each year for three years

·1 min read

WINNIPEG — The Manitoba government is planning to raise electricity rates by 2.5 per cent a year over the next three years.

Finance Minister Scott Fielding says the increases, to be presented in a bill before the legislature, are the lowest in a decade and will help keep rates among the lowest in Canada.

Crown-owned Manitoba Hydro had asked for a 3.5 per cent increase this year to help pay off billions of dollar in debt.

Fielding says the lower increase is a balance between serving Hydro's needs and helping Manitobans weather the effects of the COVID-19 pandemic.

Electricity rates are normally set by the Public Utilities Board, a regulatory body that holds public hearings and examines the Crown corporation's finances.

The Progressive Conservative government has temporarily suspended the regulatory process and has set rates itself.

This report by The Canadian Press was first published June 8, 2021.

The Canadian Press

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