Energy Board approves Hydro rate increase, variable pricing plan
Quebec's energy board has approved a rate increase for Hydro-Quebec but not as much as the power utility wanted.
Hydro asked for a 1.2% increase for residential clients; the energy board authorized one for 0.9%.
Rates for industrial clients will go up 0.3% instead of 0.6% as Hydro had requested. The increases take effect April 1.
For the average home heated with electricity, using just over 18,000 kWh annually, that means a monthly increase of about $1.11 or $13 more a year.
Hydro says that on average, the increase means:
- 32 cents more per month for a 5 1/2
- 90 cents more per month for a small house
- $1.72 more per month for a medium-sized house
- $2.56 more per month for a large house
The energy board also approved variable rate options for next winter between December 1 and March 31, to enable consumers to lower their bills by reducing their power consumption during peak periods: 6 a.m and 9 a.m. and 4 p.m. and 8 p.m.
Clients can sign up on a voluntary basis.
The first option lets you keep paying the base rate and you'll get a 50-cents-per-kWh credit if you lower your electricity consumption during peak hours.
The second option, the "Flex rate", lets you pay a lower rate than the base price outside of peak periods. But the power utility underlines that during peak hours, you'll pay a rate even higher than the base rate of 50-cents-per-kWh so your bill could balloon if you use a lot of electricity at that time.
The variable pricing plan will be rolled out gradually - during the first year, 20,000 clients selected at random will take part. They will need to have a valid email address, a smart meter and an online billing account.
Have you ever watched a science fiction show and wondered if that could really happen? She’s the one who checks the math!Dr. Mika McKinnon, Field geophysicist, disaster researcher, scifi science consultant, science writer
George Boussios, President of Taxi Champlain and Spokesperson for Taxi De Grand Mtl, which represents all the taxi companies in Montreal and on the South Shore