Higher electricity prices can unleash the value of Quebec’s energy potential

The Quebec Energy Board recently authorized an average increase of 1.92% in electricity rates, effective April 1, 2007. Hydro-Québec had sought a 2.8% rise. Various consumer groups, business people and politicians said they were reasonably satisfied with the board’s ruling. But the fact remains that this measure contributes to Quebec’s relative impoverishment. The so-called “social pact” under which Quebec’s electricity demand must be met at the lowest possible price needs to be called into question. For the well-being of all citizens, rates have to be raised to match the true value of electricity.

Links of interest

Media Release: Raising electricity rates to market levels can unleash the value of Quebec’s energy potential