News Releases

GRA Process Concluded, Resulting in Final Rates

May 31, 2018

HAY RIVER, NWT (May 31, 2018) – The Northwest Territories Power Corporation (NTPC) wants to inform customers that electricity rates will increase on average by two percent, effective June 1, 2018.  The rate increase is tied to Decision 8-2018 of the NWT Public Utilities Board (PUB) regarding NTPC’s General Rate Application (GRA) for 2016-19.

 

Residential customers who use 1000 kWh per month in the winter will see an increase ranging between approximately $4.00 and $7.50 per month. A table illustrating the impact on residential customers by rate zone is attached.

 

“I am pleased that the GRA process has now been completed,” said Jay Grewal, President and CEO of NTPC. “The two years it took to complete should reassure customers that decisions about electricity rates are carefully considered to ensure that rates are kept as low as possible.  Thank you to all those who participated in the process.”

 

NTPC’s 2016/19 GRA was submitted in June 2016. Over the past two years, NTPC has worked with the PUB, its Shareholder and its customers to ensure that customer rate increases were minimized. NTPC has demonstrated to customers and the PUB that it has the ability to effectively reduce controllable control costs throughout the process. The PUB’s Decision 8-2018 reflects the coordinated effort of all parties, including the Government of the Northwest Territories, to keep power rates affordable.  

 

NTPC is developing a long term strategy that will continue to focus on:

  • Controlling costs over the long term
  • Advancing new customers, and
  • Implementing new technologies

 

Customers are reminded that conserving power is an effective way to lower their electricity bills and are encouraged to visit www.PowerWiseNWT.com for money and energy saving actions.

 

NTPC is a wholly owned subsidiary of NT Hydro, which in turn is 100 percent owned by the Government of the Northwest Territories. 

 

-30-

 

 

Media Contact:

 

Doug Prendergast

Communications Manager

 

(867) 874-5202

dprendergast@ntpc.com


 

Impact on Customer Bills by Zone

 

The following table shows the monthly impact on residential customer bills based on 1000 kWh consumption in the winter months. 

 

Rate Zone

Current Bill

New Bill

Increase

Percentage

Snare

$329.86

$333.46

$3.60

1.1%

Thermal

$329.86

$333.46

$3.60

1.1%

Taltson

$261.54

$269.43

$7.89

3.0%

 

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