Power rates could go up next month

The Yukon Electrical Company Ltd. has requested an 11.7 per cent increase in power rates over the next two-and-a-half years.

The Yukon Electrical Company Ltd. has requested an 11.7 per cent increase in power rates over the next two-and-a-half years.

The hike would be on top of what has already been approved for the Yukon Energy Corporation.

Consumers could see a 6.5 per cent hike on power consumption beginning in July, if the Yukon Utilities Board approves an interim increase.

The additional fee will go up to 9.5 per cent in 2014, and 11.7 per cent in 2015, if the plan is approved.

The reasons for the application to the board are outlined in a 1,900 page document, available on the electrical company’s website.

The rate increase will pay for $60 million in capital investments and revenue shortfalls.

“There has been a lot of growth in the territory for new customers and additional load and electric heat and more diesel consumption coming into play,” said Dwight Redden, general manager of Yukon Electrical. “So with those additional loads on the system, we need to do more investment.”

About $10 million will pay for upgrades at the Fish Lake hydro plant.

But the plan must first be approved by the utilities board. The decision will likely not occur until early next year.

Yukon Electrical hopes the board will approve the interim rate hike by June 24.

It has suggested early November for the hearing on the application.

In the meantime, intervenors will be invited to bring evidence forward and comment on the proposal.

“Everyone decides, ‘How prudent are our costs that have been spent? What are we forecasting for the next three years? Is it reasonable and do we need to do it all?’” said Redden.

Ultimately, it is up to the board to decide whether or not the utility has done its due diligence in forecasting revenues and costs, and whether or not the rate increase is appropriate.

Yukon Electrical services 90 per cent of the territory’s power consumers.

It buys power wholesale from Yukon Energy, which provides 90 per cent of the territory’s power generation and transmission.

In addition to new capital investments, Yukon Electrical has partnered with Yukon Energy to promote energy conservation.

The utilities released their five-year demand-side management plan last week.

Pending approval by the utilities board, $2 million in incentives will be offered to encourage energy-efficient buildings, heating systems, and the use of products that save power.

The hope is that millions more will be saved in capital expenditures for expanding capacity in the Yukon grid, or burning diesel where hydro capacity does not meet demand.

Contact Jacqueline Ronson at

jronson@yukon-news.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A proposed Official Community Plan amendment would designate a 56.3-hectare piece of land in Whistle Bend currently designated as green space, as urban residential use. Whitehorse city council will vote on the second reading of the Official Community Plan amendment on Dec. 7. (Courtesy City of Whitehorse)
Future area of Whistle Bend considered by council

Members set to vote on second reading for OCP change

The City of Whitehorse’s projected deficit could be $100,000 more than originally predicted earlier this year. (Crystal Schick/Yukon News file)
City deficit could be just over $640,000 this year

Third quarter financial reports presented to council

Chief Medical Officer of Health Dr. Brendan Hanley speaks during a COVID-19 press conference in Whitehorse on Oct. 30. Masks became mandatory in the Yukon for anyone five years old and older as of Dec. 1 while in public spaces. (Crystal Schick/Yukon News file)
As mask law comes into effect, premier says $500 fines will be last resort

The territory currently has 17 active cases of COVID-19

Crystal Schick/Yukon News file
Ranj Pillai, minister of economic development, during a press conference on April 1.
Government rejects ATAC mining road proposal north of Keno City

Concerns from the First Nation of Na-Cho Nyäk Dun were cited as the main reason for the decision

asdf
WYATT’S WORLD

Wyatt’s World for Dec. 2, 2020

The new Little Salmon Carmacks First Nation council elected Dec. 1. (Submitted)
Little Salmon Carmacks elects new chief, council

Nicole Tom elected chief of Little Salmon Carcmacks First Nation

Submitted/Yukon News file
Yukon RCMP’s Historical Case Unit is seeking information related to the unsolved homicide of Allan Donald Waugh, 69, who was found deceased in his house on May 30, 2014.
Yukon RCMP investigating unsolved Allan Waugh homicide

Yukon RCMP’s Historical Case Unit is seeking information related to an unsolved… Continue reading

A jogger runs along Millenium Trail as the sun rises over the trees around 11 a.m. in Whitehorse on Dec. 12, 2018. The City of Whitehorse could soon have a new trail plan in place to serve as a guide in managing the more than 233 kilometres of trails the city manages. (Crystal Schick/Yukon News file)
2020 trail plan comes forward

Policies and bylaws would look at e-mobility devices

Snow-making machines are pushed and pulled uphill at Mount Sima in 2015. The ski hill will be converting snow-making to electric power with more than $5 million in funding from the territorial and federal governments. (Joel Krahn/Yukon News file)
Mount Sima funded to cut diesel reliance

Mount Sima ski hill is converting its snowmaking to electric power with… Continue reading

Colin McDowell, the director of land management for the Yukon government, pulls lottery tickets at random during a Whistle Bend property lottery in Whitehorse on Sept. 9, 2019. A large amount of lots are becoming available via lottery in Whistle Bend as the neighbourhood enters phase five of development. (Crystal Schick/Yukon News file)
Lottery for more than 250 new Whistle Bend lots planned for January 2021

Eight commercial lots are being tendered in additional to residential plots

The Government of Yukon Main Administration Building in Whitehorse on Aug. 21. The Canada Border Services Agency announced Nov. 26 that they have laid charges against six people, including one Government of Yukon employee, connected to immigration fraud that involved forged Yukon government documents. (Crystal Schick/Yukon News file)
Charges laid in immigration fraud scheme, warrant out for former Yukon government employee

Permanent residency applications were submitted with fake Yukon government documents

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Mask fundraiser helps make children’s wishes come true

From Black Press Media + BraveFace – adult, youth and kid masks support Make-A-Wish Foundation

Whitehorse City Hall. (Joel Krahn/Yukon News file)
City hall, briefly

A look at decisions made by Whitehorse city council this week

Most Read