Hydro-Québec customers will see 'significant' rate hikes in 5-10 years: Fitzgibbon

Hydro-Québec customers will see 'significant' rate hikes in 5-10 years: Fitzgibbon

QUEBEC — There will be "significant increases" in Hydro-Québec's electricity rates within the next five to 10 years, Energy Minister Pierre Fitzgibbon said Wednesday. However, he wanted to be reassuring, stating that there will be no "rate shock" in the short term.

There will be “significant increases” in Hydro-Québec's rates within five to ten years, recognizes the Minister of the Economy and Energy, Pierre Fitzgibbon.

For the first five years, “there will be no changes to make”, however, specifies Minister Fitzgibbon.

The Superminister of the Economy and Energy admits that there will be “significant increases”.

There will be “significant increases” in Hydro-Québec's rates within five to ten years, said the...

There will be “significant increases” in Hydro-Québec's rates within five to ten years, said the Minister of Energy, Pierre Fitzgibbon. However, the latter wanted to be reassuring, by affirming that there will be no “tariff shock” in the short term. “In five years, in ten years, yes there will be significant increases. The question at that point will be how to allocate investment costs: industrial, commercial and residential. It's a big debate,”…