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Prices capped under 12 cents while longer review is underway (CHAT NEWS TODAY file image)

Power costs coming down after council passes interim rate adjustment

Oct 17, 2023 | 6:40 AM

MEDICINE HAT — A new lower interim rate for electricity will take effect on November 1, after city council unanimously passed a bylaw amendment last night.

The vote came after a nearly 3 hour public hearing where council heard arguments both for and against implementing an interim rate, while a longer term review of how rates are set is conducted.

Managing Director of Energy, Rochelle Pancoast began the public hearing by highlighting current customer concerns, including fear of limited choices, contract duration and sudden price increases.

The floor was then open for comments from the public.

Nicole Frey, who has launched a recall petition of Mayor Clark, asked council ” how do we trust you to recognize things are going sideways and to protect our community? You haven’t done that. And so how do we trust this bylaw? You’ve allowed your inaction to cause poverty and children not to be able to eat.”

Another speaker recommended council defeat the amendment and get to work and talk about real rates that real people can understand.

A representative for condo owners told council that while the proposal might not be perfect, for retired seniors living on fixed income pensions, the bylaw would help them.

Councillor Ramona Robins says she’s heard the message that people want stability loud and clear.

But she took issue to claims from some an “evil monoply.”

Robins said “that’s factually wrong.”

An amendment proposed by Robins creates a maximum power rate of 11 cents per kilowatt hour and a minimum rate of 7 cents per kilowatt hour.

It passed by a vote of 5 to 4.

Mayor Linnsie Clark said ” This is the thing we can do right now to lower prices, lower rates, and so I’m in favour of doing something right now, and then taking a bit more time to come up with other opportunities, other solutions.”

The new rate will take effect November 1st, based on October’s fixed annual rate.