Building a more robust and reliable electricity system
Yukon Energy Corporation has submitted its 2025–2027 General Rate Application (GRA) to the Yukon Utilities Board (YUB), seeking approval for more than $350 million in system-wide investments over the next three years.
If approved, residents who use an average of 1,000 kWh of electricity each month could see their monthly bill increase by about $25 to $30 each year in 2025, 2026, and 2027. The YUB will determine the exact timing and amount of bill increases.
The application outlines over 150 essential projects to maintain current renewable electricity generation, enhance reliability during peak winter demand, and provide emergency backup. These investments support Yukon Energy’s five-year strategic plan to make the electricity system more robust and reliable, modernize the grid and expand renewable integration.
The Mayo spillway reconstruction, slope stabilization near Mayo A, and replacement of aging infrastructure—totalling over $180 million—represent a large portion of the application and are significant by Yukon standards. Yukon Energy is actively pursuing funding partnerships to help mitigate rate impacts.
The Yukon’s challenges mirror a broader national trend of utilities investing heavily to renew aging infrastructure and support growth in energy demand. Even with the proposed increases spread over three years, the Yukon’s electricity rates will remain the lowest in Northern Canada.
As part of our 2025–2027 GRA, Yukon Energy has received approval from the Yukon Utilities Board (YUB) to apply rate increases starting July 1, 2025, and again on January 1, 2026, on an interim basis until the YUB can make a final decision on our rate application.
These changes will affect electricity bills as follows:
Starting July 1, 2025: Customers will see about a 10% increase on their electricity bills.
Starting January 1, 2026: Customer bills will increase by about another 10%.
The interim increases help break up the proposed rate increase of 34% into smaller amounts over several months, rather than being applied all at once at the end of the process.
On January 20, 2026, the Yukon Utilities Board (YUB) issued its decision on Yukon Energy’s 2025–2027 General Rate Application. The YUB approved most of Yukon Energy’s forecast costs needed to maintain reliable electricity service, including staffing increases, fuel, diesel rentals for winter reliability, and day-to-day operations. The YUB also placed limits on vegetation management spending and did not allow certain governance-related costs (such as Board and CEO evaluations and a Yukon University research grant) to be included in electricity rates.
The YUB also outlined areas where it expects more information from Yukon Energy in future rate applications. This includes clearer reporting on fuel use, power purchased from independent power producers, capital planning and project studies, and how additional staffing helps reduce overtime, reliance on consultants, and improves employee well-being. The YUB also noted that broader issues such as electricity affordability and reconciliation-related commitments are matters of government policy and are outside the YUB’s regulatory authority.
Yukon Energy must now submit a compliance filing to the YUB by February 10, 2026. This filing updates financial information and electricity rates to reflect the YUB’s decision.
Since the application was filed in May 2025, two interim rate increases of approximately 10% each took effect on July 1, 2025, and January 1, 2026. The YUB is expected to complete its review of the compliance filing in March 2026, at which time the final rate impacts will be confirmed. Any remaining adjustments to align interim rates with the final decision are expected to take effect on April 1, 2026, with a final rate change planned for January 1, 2027.
Yukon Energy will continue to keep customers informed as more details become available.
More details are available in the documents below. All documents and new updates from the Yukon Utilities Board are posted on yukonutilitiesboard.yk.ca.