Part of your electricity rate is based on the average price of diesel which fluctuates over time. We recognize that. In general, if the cost of diesel drops over an extended period of time, the portion of electricity rate that includes diesel will go down but not immediately. If there is a large change in the cost of diesel, then NTPC may put in place what is called a rate rider that either adds or subtracts costs from your bill for a set period of time. Again, this doesn't happen immediately as it is best to average out the cost changes over time to be able to keep rates from going up or down too quickly. Thank you, Mr. Speaker.
Diane Archie on Question 669-19(2): Northwest Territories Power Corporation Strategic Plan
In the Legislative Assembly on March 12th, 2021. See this statement in context.
Question 669-19(2): Northwest Territories Power Corporation Strategic Plan
Oral Questions
March 12th, 2021
Page 2530
See context to find out what was said next.