Prince Edward Island’s energy minister is looking at whether and how the province could take over Maritime Electric, given the utility’s multiple requests for customer rate hikes over the past year.
On Friday, a 2.5 per cent increase for residential customers kicked in — the electric utility’s third increase since the middle of last year.
All told, Islanders are paying nine per cent more on their bills than they did for the same amount of energy in May 2023.
Energy Minister Steven Myers called the constant rate hikes “a major concern” during question period in the P.E.I. legislature on Friday.
