The Public Utilities Board in Manitoba has approved two rate hikes over the next seven months.
The independent rate-setting authority has given Manitoba Hydro the green light to hike average electricity rates by one per cent on September 1st and one per cent on April 1st.
Manitoba Hydro had argued it needed two consecutive rate increases of two per cent in the 2023-24 and 2024-25 fiscal years.
A Hydro spokesman says the lower increase means that its ability to address its 24-billion-dollar debt will be reduced
The increase is expected to cost the average customer anywhere from $35-65 more per year, depending on your living situation.
