Maritime Electric applies for rate increase for P.E.I. customers
CHARLOTTETOWN, P.E.I. — One more expense may very well be growing for Islanders, as Maritime Electrical filed for a charge improve with the Island Regulatory and Appeals Fee on June 20.
If accepted, the rise will see clients utilizing 650 kilowatt hours monthly on common will see an round 3 per cent annual improve.
“We perceive that clients have elevated bills throughout them,” stated Maritime Electrical president and CEO Jason Roberts.
“We’ve got labored to handle operational bills and investments, and the proposed charge will increase are reflective of conventional inflationary will increase.”
Roberts stated although the utility purchases all wind power produced by the P.E.I. Power Company, different off-Island power contracts are driving energy-related prices.
Maritime Electrical stated in a launch that 46 per cent of the proposed improve is because of energy-related prices for the corporate.
The corporate additionally stated over 50 per cent of main outages have been brought on by wind and tree contacts which alerts it’s time to make an funding in vegetation administration.
“The affect of main storms on reliability is worsening and necessary work to deal with that is proposed within the Software,” stated Roberts.
The subsequent a part of the method will see IRAC launch a Discover of Software and announce a timeline for public feedback.
Maritime Electrical is the first distributor of electrical energy in P.E.I. and serves 86,000 clients.
