Although it is true that we have had three consecutive years of rate increases, that isn’t always the case. Indeed, there are times when the rates may be adjusted downwards.
Hydro-Québec’s electricity rates continue to be the lowest in North America.
To determine the rate adjustments we request from the Régie de l’énergie, we base our decision on the amounts we will need to spend to be able to offer electricity service to all our customers in Québec during the following year as well as on the revenue we expect to receive when our customers pay their electricity bills.
Sometimes, this revenue is greater than the anticipated expenses. In this case, the Régie could decrease electricity rates, as it did in 2011 and in 2012. However, if revenue is lower, the Régie may approve a rate increase so that Hydro-Québec can cover its expenses and achieve a balance.
Learn more information on rates.
To learn more about how rates are set: