Manitoba electricity rates will rise over three years under a new order by the Public Utilities Board.
The provincial regulator has confirmed a four per cent rate increase for all customer classes that took effect in January under an interim order.
The board has also set targeted revenue increases of 3.5 per cent next January and three per cent in January of the following year, although the exact rates will vary for different types of customers.
The increases are close to what Crown-owned Manitoba Hydro had asked for in order to address drought conditions that reduced water levels needed for power generation.
The utility has also cited the need to repair and upgrade its infrastructure in the coming years.
