Hydro rates increase April 1st
Electricity rates are going up by 2.4 per cent April 1st, but it could have been worse.
When making its rate application last summer Hydro Quebec had asked for a 2.9 per cent increase and then bumped it up to 3.4 per cent in December on orders from the Marois government, which had passed a decree demanding more profit from the utility.
But in it's ruling yesterday the Quebec Energy Board ignored the decree saying it was only obliged to consider the original application, because the budget process has not been finalized.
The rate increase next month will add about 30-dollars to the average homeowners electricity bill.