Your power bill will be going up in just over a month.
On April 1, the Northwest Territories Power Corporation (NTPC) will apply a fourth and final Public Utility Board-approved rate increase from the 2012 general rate application.
That means your bill will rise by approximately 6.2%.
Three years ago, an increase of 28.4% was approved after NTPC applied to the Public Utility Board.
That amount was then spread over a four-year period to soften the blow for power customers.
April’s increase will mark the last of the four rate changes.
“NTPC understands that the cost of living is high in the NWT and that the cost to generate power is high due to the economies of scale in the territory,” said Emanuel DaRosa, NTPC President & CEO.
“The Corporation continually strives to improve its efficiency and look for ways to cut costs while continuing to provide reliable power generation to the residents and businesses in the Territories.”
While the Public Utility Board has approved an increase, the exact amount still requires additional approval which is being sought through the rate application process.