Effective July 1, 2018, there was an overall average increase in electricity rates of approximately 6.8%, or about $6.80 on a $100 monthly electricity bill. This rate increase is the net result of a flow-through adjustment to Newfoundland Power’s customer electricity rates resulting from a ruling on Newfoundland and Labrador Hydro’s Interim Rates Application related to its 2017 General Rate Application and the annual review of the Rate Stabilization Account. The actual amount of the increase will vary for individual customers depending on the type of service and amount of electricity used. For more information, check out our Power Connection Newsletter.
At Newfoundland Power, we understand how important it is to offer our customers safe, reliable electricity service at the lowest rates possible. That's why we continue to work hard to control our costs while improving safety, reliability and customer service for the benefit of all our customers.