We understand how important it is to offer our customers safe, reliable electricity service at the lowest cost possible. We continue to work hard to control our costs while improving safety, reliability and customer service for the benefit of all our customers.
Effective July 1, 2023, there was an overall average increase of 6.9% in customer electricity rates.
This rate increase is the result of a 3.9% increase by Newfoundland and Labrador Hydro and a 3.0% increase related to the annual operation of Newfoundland Power’s Rate Stabilization Account reflecting higher power supply costs.
This rate increase is not related to our core operations and has no financial benefit for Newfoundland Power.
The actual amount of the rate increase will vary for individual customers depending on your type of service and the amount of electricity used.
*Rates do not include Harmonized Sales Tax (HST)
* Rates per kWh as of July 1, 2023. Including Basic Customer Charge.
To get practical advice on how to save energy and save money on your monthly electricity bill, visit takeChargeNL.ca.