Cornwall Electric rates going up 1%

The Cornwall Electric offices on Sydney Street on Oct. 14, 2016 in Cornwall, Ont. (Newswatch Group/Bill Kingston, File)

CORNWALL – Cornwall Electric customers will be facing a slight increase in their rates this year.

The utility has announced that rates will increase 1 per cent, or about $1.30 a month for the average household (using 1,000 kilowatts of power per month).

Rates were raised 2.5 per cent last year but were unchanged the previous two years, namely because the utility signed two long-term electricity supply contracts with Hydro Quebec. Wholesale power cost makes up about 80 per cent of your bill.

The rate increase takes effect July 1.

Cornwall Electric has 24,300 customers in Cornwall, South Glengarry, South Stormont and Cornwall Island.

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