It's official: Hydro-Quebec will increases electricity rates by 4.3 per cent, effective April 1 — a hike which, for the average family, will mean an extra $100 per year.
It's well short of the 5.8 per cent increase the utility had asked for, but the hike will nonetheless be the steepest one a decade.
The Energy Board made that official Thursday afternoon.
The increase will mean an extra $418 million in Hydro's coffers this year.
In 2004, Hydro increased rates 4.4 percent.