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NTPC recognizes that the cost of living is high in the Northwest Territories.
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NTPC has applied for an interim rate of 4.8% while it completes a general rate application (GRA) to be submitted to the Public Utilities Board the end of June.
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The GRA will apply for rates over a three year period with estimated increases being 4.8% in the first year, 4.0% in the second year and
4.0% in the third year. This means about $10 per month if using 1,000 kWh in the winter or about $6 if using 600 kWh in the summer. -
The main reason rates are increasing:
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Inflation for both the next three years as well as catching up for two years when inflation was not build into rates
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Declining sales – by about 2% over the past few years -- due to decreased sales, conservation, and possibly alternative energy sources where people are generating their own power.
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Aging infrastructure – Power plants across Canada are aging and all utilities are facing the challenge of refurbishing or replacing old equipment.
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Increased regulatory costs – water licensing and all the studies required to run hydro electric systems on rivers, rate regulation and the requirements of filing and responding to rate inquiries and hearings.
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If you get questions you can't answer or get calls from the media -- please call or email Pam Coulter (x5202)