Hydro-Quebec rates to increase on April 1st
A Hydro Quebec logo is seen on their head office building Thursday, February 26, 2015 in Montreal. The government owned utility announced a net result for 2014 of $3.38 billion.THE CANADIAN PRESS/Ryan Remiorz
Published Tuesday, March 8, 2016 10:28AM EST
It's another sign that spring is on the way: the provincial Energy Board has approved a rate hike for Hydro-Quebec.
As of April 1, 2016, electricity will cost 0.7 percent more for Quebec customers.
That's one-third of the increase that Hydro-Quebec was asking for. Last July it asked for permission to raise prices by 1.9 percent for residential and most business customers.
The increase means most households in Quebec that heat with electricity will see their bills increase by $11 over the next year.
Hydro-Quebec asked to increase prices for large industrial clients by 1 percent, but that request was denied -- meaning the rates for those companies will not change.
Meanwhile, the Energy Board says Hydro-Quebec has to get ready for an increase in electric vehicles.