Planning for Manitoba’s future
Our job is to provide you with safe, reliable energy. Ensuring we are a financially healthy utility is critical to allowing us to do our job effectively — today and tomorrow.
What we’re asking for
We’re asking for a 3.5 per cent increase to electricity rates to take effect June 1, 2019. For most Manitobans without electric heat, this would be an increase of about $3 a month.
Why another rate increase?
Our financial projections are based in part on average water flows that may or may not come to pass. This proposed increase would mean even under poor flow conditions, we would maintain a level of income that would allow us to perform the maintenance work and system upgrades required to serve you effectively.
Will there be more rate increases in the future?
The Manitoba Hydro-Electric Board is continuing to develop a comprehensive, long-term financial plan for Manitoba Hydro.
So far all we have submitted is a short-term plan to increase rates in June 2019. Appropriate rate increases that provide adequate revenues and cash flow are vital to Manitoba Hydro’s short- and long-term plans, so we continually assess whether rate increases are necessary.
We need to be able to maintain our power system, replace aging infrastructure, expand our distribution system as needed, and pay for new transmission and generation projects as they enter service.
It’s all about ensuring that every time you flick the light switch, we’re there with safe, reliable, and renewable hydroelectricity.
What happens next?
The Manitoba Public Utilities Board (or PUB), an independent and impartial regulator, is reviewing our application to increase rates. They aim to decide on our application in the first quarter of the 2019-20 fiscal year.