Yukon Energy has signed an Electricity Purchase Agreement with Tlingit Homeland Energy Limited Partnership (THELP) that will increase the supply of dependable renewable electricity in Yukon each winter starting in late 2024.
On January 20, 2022, Yukon Energy filed an application with the Yukon Utilities Board for it to review the Electricity Purchase Agreement. The YUB will now review the agreement with the purpose to provide a report and any recommendations to Yukon government’s Minister of Justice on the potential benefits, costs, risks and customer impacts that influence whether the Electricity Purchase Agreement should proceed as proposed by Yukon Energy. The YUB’s final report is expected on or before July 19, 2022.
On February 2, 2021, the Minister of Justice issued a letter to the Yukon Utilities Board (Board) referring our Battery Energy Storage System (BESS) Project for review under Part 3 of the Public Utilities Act (the Act) as a regulated project designated by OIC 2020/180. The Minister attached terms of reference to review the project and report back to the Minister by no later than May 17, 2021.
The Board is to provide a report and recommendations on the potential benefits, costs, risks and customer impacts that influence whether the BESS Project should proceed as proposed by us, and any terms and conditions that the Board considers should apply. The Board shall report on and make recommendations about the necessity for the BESS Project and its timing and design.
On November 20, 2020, we filed our 2021 General Rate Application with our regulator, the Yukon Utilities Board. The application outlines a way for us to recover the cost of investments needed to meet growing demands for electricity and replacing aging equipment, while also having a nearly zero impact on Yukon electricity bills.
The application must be reviewed and approved by the Yukon Utilities Board before any changes are made to electricity bills. As part of the process, individuals and organizations have the opportunity to ask questions and provide their feedback.
The Yukon Utilities Board has approved an agreement between Yukon Energy and Victoria Gold for the supply of grid power to Victoria Gold’s Eagle Gold Mine near Mayo.
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.
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.