Yukon Energy Corporation has filed an application with the Yukon Utilities Board for our first retail rate increase since 1999.
We have asked for a 6.4 percent increase for all customer classes (residential, commercial, industrial and government) in 2012 and an additional 6.5 percent raise in 2013. The increases would impact both Yukon Energy and Yukon Electrical customers.
Obviously no one likes a rate increase, and over the last 13 years we’ve done everything possible to keep electricity costs low. In fact we were even able to secure a 2.47 percent rate decrease for our customers when the Minto mine came on-line. However seeking a rate increase now is the responsible thing to do if we are to continue providing Yukoners with sustainable energy now and into the future.
There are several reasons in particular that a rate increase is necessary at this time:
You can read more about the need for an increase and what we've done over the last 13 years to keep costs low, by reading this document.
Note that even with higher rates there are steps most of you can take to keep your bills affordable. We'll be talking more on this blog about the tools and information available to give you more control over your electricity bills.
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