Qulliq Energy Corporation (QEC) has submitted a General Rate Application (GRA) requesting changes to electricity rates, effective April 1, 2025. Submitted to the Minister responsible for QEC, this application will be reviewed with input from the territory's Utility Rates Review Council (URRC).
The proposal seeks rate increases to meet QEC’s revenue requirement for 2025–2026. Due to differences in customer classifications and subsidy programs available to Nunavummiut, the impact on individual electricity bills will vary. Key elements of the application include:
- Increase in the monthly service charges:
- Residential Customers: Increase from $18 to $36.
- Commercial Customers Monthly Demand Service Charge: Increase from$8 to $16 per kW.
- Increase the energy rate by 9.5%.
These adjustments aim to improve cost recovery. Importantly, under the Nunavut Electricity Subsidy Program (NESP), these customer charge adjustments will not affect non-government residential customers' bills.
Additionally, the proposed 9.5% increase addresses revenue shortfalls when considering existing rates and the Fuel Stabilization Rate (FSR) rider.
“Our priority is ensuring a reliable and secure electricity supply for Nunavut,” said Ernest Douglas, President and CEO of QEC. “These rate adjustments are essential for upgrading and replacing aging power infrastructure to meet the territory’s growing energy needs.”
The URRC will evaluate the proposal and is seeking public feedback. QEC encourages all Nunavummiut to participate by submitting their comments to URRC@gov.nu.ca by
5:00 p.m. on January 24, 2025.