On November 24, 2019, the Yukon Utilities Board approved a 4.7 per cent permanent increase to electricity bills, effective December 1, 2019. This decision follows a 29-month review of our 2017-2018 General Rate Application and a 4.6 per cent interim increase to bills on September 1, 2017.
The 4.7 per cent permanent increase will add:
Yukoners need sustainable, reliable and cost-effective electricity today and in the future. To ensure we have it, Yukon Energy invests millions of dollars each year to build, operate and maintain our electricity supply and transmission assets. The increase to electricity bills was needed to pay for:
All increases to electricity bills are carefully reviewed and scrutinized by the Yukon Utilities Board. Rate applications usually take about a year to complete. Our 2017-2018 General Rate Application took 29 months from start to finish. Unfortunately, this means a delay in collecting revenue from 2017, 2018 and 11 months of 2019. We now have to collect this money at the same time that we collect revenue that we need to operate today. To do this, electricity bills will increase by an additional 7.1 per cent between December 1, 2019 and November 30, 2021.
The 7.1 per cent temporary increase will add an additional:
Despite this increase, Yukon's residential electricity bills are still the lowest in the North and competitive with other jurisdictions in Canada and the United States.
Read this plain language summary for more details about how the increases will appear on your bill and the easy steps you can take to keep electricity bills affordable.
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.