Quebec to implement rate hike

I had blogged about how the Quebec Government was going to implement a 1 cent per kw rate hike in Quebec. Notice I say government, because they can set the rate at whatever they want, regardless of what HQ wants to do.

Quebec just announced the rate hike. The amount is the same, but my timing was a little off. It starts in 2014 and is raised for four years, and then is tied to the inflation rate after 2018. So whatever deal Graham may have signed with Charest, it wouldn't have meant much after the five year freeze.

http://www.montrealgazette.com/news/todays-paper/Annual+hydro+bills+will+2018/2746454/story.html

So basically, the belle province with the unlimited free hydro power will see power rate hikes no different than the rest of the mortal world.

Check out this old article as well. http://www.sqwalk.com/blog2006/000864.html

"Harnessing electricity on the Romaine would be an expensive proposition, probably surpassing 9 cents per kwh."

It is also mentioned in the first article that " Power from Hydro-Québec developments built since 2000 is priced at about eight cents a kilowatt-hour."

And where do these guys get their information. AV Cell executives talking about a 20% rise in their power bill over the next 5 years. At the most, it was to be 3% for five years. So that will be about 16.5%. Anything to sell a paper I guess.


http://nbbusinessjournal.canadaeast.com/front/article/1007591
.
.
.
Later Folks