Karyn Posts

Electricity Rates – Our Impact

The electricity system involves many organizations working together. At Newfoundland Power, our role is to deliver electricity to homes and businesses.

We purchase 93% of the power we deliver from Newfoundland and Labrador Hydro.  When the cost of electricity is raised by Hydro, it has a direct impact on electricity rates for our customers.

The rate increase effective October 1, 2019 was by Newfoundland and Labrador Hydro. It was not related to our operations and has no financial benefit for Newfoundland Power.

Doing our Part

We understand what’s most important to our customers is reliable service at affordable rates.

And we know you are concerned about Muskrat Falls and the cost of electricity. We share your concerns and will continue to work hard every day to manage costs and minimize our impact on electricity rates.

Here to Help

We can help you save energy and money through our takeCHARGE programs, rebates and energy saving advice. So far our customers have saved enough electricity to power the towns of Clarenville, Gander, and Stephenville for a year.

Newfoundland Power offers an financing to help you get started with your energy efficiency improvements.

You can also apply for our Equal Payment Plan. This plan allows you to pay the same amount all year long and avoid increases in your bill during the colder winter season.

Helping you save

By making energy efficiency upgrades, our customers saved enough electricity to power the towns of Clarenville, Gander, and Stephenville for over a year!

We’re committed to helping you save energy and money, and to doing our part to reduce costs too.

Through takeCHARGE, we help customers understand how to use energy wisely.

Smart energy tips, rebates, and a heat pump savings calculator too – homeowners and businesses can find lots of tools and resources to reduce their energy use.

We continuously evaluate our takeCHARGE offerings to ensure that programs benefit customers and contribute to least-cost service.

We are working with Newfoundland and Labrador Hydro to develop our latest 5-year plan for takeCHARGE. This plan will take into account the impact of the Muskrat Falls Project.

Some takeCHARGE programs may shift or change and some areas like customer education will expand.

You can be sure our commitment to energy conservation is here to stay. For the latest energy savings advice, visit www.takeCHARGENL.ca