Town of Holyrood reaching out to government on rate mitigation
Councillors once again focus on rising electricity rates
Holyrood councillors once again are focusing on the issue of rising electricity costs resulting from the Muskrat Falls hydroelectric project.
At the Tuesday, Oct. 23 meeting, council members unanimously agreed to write a letter to Harbour Main MHA Betty Parsley asking how the provincial government intends to help relieve the financial burden for residents of Newfoundland and Labrador.
Coun. Roger Myette raised the issue at the council table.
“Basically, as we all know, as a result of Muskrat Falls there’s going to be hikes in the rates for power, so it turns out now because of that, a lot of people are starting to complain and wonder how they’re going to adjust their budget based on the hikes,” he told council. “What I’d like to see is someone from government actually to have a plan in place to help the people on fixed incomes because right now as far as I can see … they talk about a plan, but they haven’t shown anything yet.”
Last month the province announced the Public Utilities Board would be tasked with looking into ways to address rate mitigation.
Mayor Gary Goobie, who also spoke in support of Myette’s motion to write a letter, said there are a lot of seniors who are honestly scared about the prospect of rising electricity rates. He added this is an issue for the province as a whole.
The town previously wrote the province inquiring whether it would look into the option to purchase Newfoundland Power from Fortis Inc. as a means to address rising electricity bills. In a statement released to The Compass, a Fortis spokeswoman said the company had no plans to sell Newfoundland Power.
The Town of Holyrood is questioning the provincial government on how it will deal with rate mitigation in light of increased electricity costs looming as a result of the Muskrat Falls hydroelectric project.