Averro Robotics & Technology

News

Announcements and Updates from the Averro Team

NL Hydro Submits Application to Raise Rates

As we at Wreckhouse have been anticipating, NL Hydro has submitted a request to increase rates before Muskrat Falls comes online.  This makes up for the reduction the Public Utilities Board forced upon them for the 1 July rates (reduced the increase from 18% to 9%).

While unfortunate for rate payers, this is increasing the savings produced by turbine rental and ownership making both options much more beneficial.

http://vocm.com/news/nl-hydro-applies-for-increased-rates-for-next-two-years/

http://vocm.com/news/pub-approves-9-electricity-rate-increase-starting-july/

Jesse

 

 

Jesse McCaw