We have received approval for a Primary Gas rate change on May 1, 2013. This rate change results in an annual bill increase for a typical residential customer of 5.6 per cent or approximately $42 per year effective May 1, 2013. For larger volume customers, annualized bill impacts range from increase of 6.5 per cent to 13.0 per cent depending on the rate class and level of consumption.
This rate change is a result of a combination of changes to the forecast price that Centra pays for natural gas and the amounts in gas deferral accounts.
The Primary Gas rate for all Quarterly Rate Service customers has increased to 11.57¢ per cubic metre on May 1, 2013 from 9.67¢ per cubic metre as set on February 1, 2013. The price that we pay for this Primary Gas supply option is passed directly on to customers without any markup. As a result, we do not make any profit on the sale of Primary Gas.
The Fixed Rate Service is offered to natural gas consumers on a periodic basis throughout the year. It provides residential and commercial customers the option to lock in their Primary Gas rate for a 1, 3, or 5-year term through Manitoba Hydro.
Note: Centra Gas Manitoba Inc. is a wholly owned subsidiary of Manitoba Hydro. Centra's rates and terms of service are regulated by The Public Utilities Board which has approved the rate changes that are described above. The PUB's Order approving the rate change may be accessed either through the PUB's website, or by contacting the PUB at 400–330 Portage Avenue, Winnipeg, Manitoba, R3C 0C4, 1-204-945-2638 in Winnipeg.