Manitoba Hydro will increase its rates by 3.6% starting January 1, 2022. Hydro was seeking a 5% increase but the Public Utilities Board, which oversees Utilities in the province, declined the rate.
Hydro applied for the rate increase in November to offset their losses that were caused by the drought and low water levels. According to Manitoba Hydro's CEO, the low water level meant Manitoba Hydro couldn't produce a surplus of energy to sell in markets outside of Manitoba.
