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The Manitoba Public Utilities Board approved a 3.6% electricity rate increase for 2018. This increase is concerning for you and could impact your business, but it is much lower than the 7.9% increase that Manitoba Hydro asked for.
CFIB presented your concerns to the Public Utilities Board, and outlined the significant impact that these cost increases could have on small businesses across the province.
Manitoba Hydro is facing many financial pressures, including delayed and over-budget infrastructure projects.
As a result, Hydro plans to seek annual electricity rate hikes of 7.9% until 2023-2024, which must be approved by the Public Utilities Board.
CFIB knows that the proposed rate hikes could hurt your business. You told us these increases could force you to raise prices, delay investments, and even reduce the number of staff. We shared our concerns with the provincial government and Public Utilities Board.
If your business is facing a cost crunch from increasing Manitoba Hydro rates, call CFIB today at 1-888-234-2232 and/or visit the websites below to find ways your business can lower your electricity usage.