From Sept. 30, 1991 to June 21, 2011, my electricity rate went from 6.432 cents per kilowatt hour to 9.584 cents/kwh, a difference of 3.152 cents.
In 20 years my rate only increased by just over 3 cents.
I received my August 2012 bill and the rate is 11.171 cents/kwh, an increase of 1.587 cents in two years.
All the media outlets— the CBC, NTV, The Telegram and VOCM — made the announcement that the rate increase was due to rising oil prices.
No one seemed to see that oil prices have decreased.
Newfoundland and Labrador Hydro is a monopoly and can increase rates as much as they want to justify Muskrat Falls.
Isn’t the Public Utilities Board mandated to prevent this?
Why won’t someone in the media investigate this?