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QEC sets fuel surcharge at 3.98 cents a kwh

JIM BELL

The Qulliq Energy Corp. is proposing to impose a temporary surcharge of 3.98 cents a kilowatt-hour on customers’ bills aimed at helping the corporation cope with sharply rising world fuel prices.

The surcharge, or “fuel stabilization rider,” would come into effect this Oct. 1 and end on March 31, 2005, when it would be reviewed. It’s aimed at replenishing the corporation’s fuel stabilization fund, which may not become greater or smaller than $1 million.

If the fund exceeds $1 million by March 31, then the surplus would be returned to customers and the “rider” would take the form of a rebate.

Ed Picco, Nunavut’s energy minister, has sent the proposal to the Utilities Rates Review Council, which will incorporate the information into its consideration of another proposed surcharge, a capital rate rider application that the QEC submitted earlier this year.

In a press release issued just as Nunatsiaq News went to press this week, Picco pointed out that power rates in Nunavut are rising at a slower rate than anywhere else in Canada, such as Ontario, where rates have risen by close to 180 per cent since 2002; Alberta, where rates have risen by nearly 80 per cent in the same period; and the Northwest Territories, where rates have risen by nearly 40 per cent since 2000.

Nunavut’s power rates have risen by about 22 per cent since 2002.

The URRC gave the QEC permission to impose the rider in a report issued last spring.

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