Yukon Energy has filed an application with the Yukon Utitlies Board for our first rate change since 2013. We are asking for a nine percent increase over two years (2017-2018). We haven't had a rate change in four years, meaning this increase would equate to 1.75 percent a year between 2014 and 2018.
The rate increase is necessary for a few reasons:
Without enough revenue, we can't continue to provide the service that Yukoners deserve and expect. Delaying an increase would just compound the problem and mean higher increases down the road.
You can find the full filing below, along with a plain language summmary.
Yukon Energy and Victoria Gold have signed an agreement for the supply of grid power to Victoria Gold’s Eagle Gold Mine near Mayo. The agreement is currently before the Yukon Utilities Board for review.
The signing of this Power Purchase Agreement (PPA) is a key step towards the connection of the mine to our grid. However Victoria Gold must complete a final round of financing to move on to the next phase of construction next spring.
If the Utilities Board approves the PPA, power sales to Eagle Mine would contribute $100-million or more in additional revenues to Yukon Energy over the expected ten year mine life. This new revenue will benefit all electrical consumers in the territory, and will result in a 1-2 percent reduction in rates for other electricity customers.
See below for the full filing.
If you look at your electric bill you will see a line item for Rider F. This charge or credit fluctuates depending on how much it costs Yukon's two utilities to purchase fuel for our diesel generators. The Yukon Utilities Board has ordered that we post quarterly filings on this website so that Yukoners can follow the changes. You'll find our most recent filing below.
Our retail Secondary Sales rate outlines the process whereby the secondary sales rate must be adjusted quarterly based on the retail heating fuel price for furnace oil in Whitehorse. We use the price that is reported by the Yukon Bureau of Statistics. As part of this process, Yukon Energy files a rate change advisory letter with our regulator, the Yukon Utilities Board, which we have posted below.