Power rates could rise 6 per cent in October

The Qulliq Energy Corp. has filed an application to raise power rates by 6.1 per cent starting Oct. 1.

That’s slightly less than the 6.3 per cent increase recommended by the Utilities Rates Review Council in February 2005.

President Simon Merkosak attributes that to “our savings to date and revised calculations,” a QEC press release said.

The rate increase filed this week does not include the anticipated fuel price increases in the 2006 re-supply, which won’t be known until the Government of Nunavut’s Petroleum Products Division buys next year’s fuel.

That rise in costs will go to the URRC in September, as an adjustment to the existing fuel rate rider, a surcharge already collected to take into account higher fuel prices.