PUB approves Centra Gas rate hike
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Hey there, time traveller!
This article was published 27/07/2021 (1676 days ago), so information in it may no longer be current.
The Public Utilities Board has approved a rate increase for Centra Gas Manitoba customers, effective Aug. 1.
The typical residential customer will see their rate increase by approximately 8.7 per cent or $58 a year, the board said in a news release. The rates will again be reviewed Nov. 1.
The Aug. 1 increase is due mainly to an increase in gas market prices, said the PUB decision posted online Tuesday.
Futures prices have pushed upwards in the past few months, driven by a variety of supply and demand factors, it said. These include below-average storage levels, underlying strength in gas demand as the North American economy continues its rebound from the COVID-19 pandemic, and strong demand for liquefied natural gas exports from North America, PUB said.
The annual Centra Gas bill of a typical residential customer is expected to be roughly $725 in November this year, according to the PUB. In the last 10 years, the highest annual residential bill for a typical customer was an estimated $900 in 2014, and the lowest was just under $550 in 2020.
The Public Utilities Board is an arm’s-length, impartial tribunal and regulator established to act in the public interest.