The Northwest Territories Power Corporation (NTPC) is informing its customers that a GRA Adjustment rate rider will come into effect a week from today
A rate rider is applied to the total of all charges before taxes and is used to recover additional energy costs.
The rider is tied to Decision 12-2018 of the NWT Public Utilities Board (PUB) regarding NTPC’s General Rate Application (GRA) for 2016-19.
As the result of the PUB decision on May 28, new rates for NTPC customers were to be applied retroactively to April 1, 2018.
However, because of the release date of the PUB decision, new rates were not implemented until June 1, 2018, meaning that sales in April and May used 2017-18 rates.
As a result, NTPC did not collect its full revenue for April and May, causing a revenue shortfall of $357,000.
To make up for this loss, the corporation is applying a rate rider of 0.17 cents/kWh for all customer classes.
The rider is estimated to be in place from August 1, 2018, to March 31, 2019.
NPTC does not directly provide electricity to customers in Yellowknife or Hay River, so the increase doesn’t necessarily apply to people in those communities.
Northland Utilities Limited, which is a division of ATCO, currently distributes electricity generated by NPTC to Yellowknife and Hay River.
It remains to be seen whether this rate increase will affect customers in those areas.