HAY RIVER, Northwest Territories (May 3, 2022) The NWT Public Utilities Board (PUB) has approved an interim rate increase for NTPC customers. The interim rates have been approved as part of the General Rate Application (GRA) process.
Electricity rates in the Snare, Taltson and Thermal (including Norman Wells) zones have increased by 2.5%, effective May 1, 2022. The table below shows the average bill for a residential customer who consumes 600 kilowatt hours per month during the non-winter months after the GNWT’s Territorial Power Support Program has been applied.
|
Current Bill |
New Bill |
Price Difference |
% of Change |
Snare |
$201.60 |
$204.98 |
$3.38 |
1.68 |
Thermal |
$201.60 |
$204.98 |
$3.38 |
1.68 |
Norman Wells |
$201.60 |
$204.98 |
$3.38 |
1.68 |
Taltson (Fort Smith/Fort Resolution) |
$167.10 |
$171.06 |
$3.96 |
2.37 |
Final approval and final rates will be determined by the PUB once it has considered all the information it receives through the GRA review process. During a GRA, the PUB can approve interim rates to help the applicant offset forecast cost increases.
NTPC is a wholly owned subsidiary of NT Hydro, which in turn is 100 percent owned by the Government of the Northwest Territories.
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“NTPC recognizes that electricity rates in the NWT are higher than most other jurisdictions in Canada and is working hard to grow electricity sales and to reduce costs to keep rates as low as possible. Rate increases are necessary at this time to ensure that customers provide sufficient revenue to cover the cost of delivering power.”
Cory Strang, President and CEO
Northwest Territories Power Corporation
Media Contact:
Doug Prendergast
Manager, Communications
Tel: 867-874-5202
Email: dprendergast@ntpc.com