PUBLIC UTILITIES BOARD

REGULATORY COST ANALYSIS

 

 

The Public Utilities Board has been under scrutiny for the costs associated with its regulatory role within Newfoundland. The Board has been portrayed as an expensive form of regulation.

 

A recent analysis was conducted by the Board to determine its cost to consumers:

 

Electric Utilities

 

2 scenarios were explored:

1.   All Electric Household - average monthly usage of 2200 kwh

Cost attributed to regulation by the Board:

45 per month

or

$ 5.40 per year

 

2.   Household Without Electric Heat - average monthly usage of 700 kwh

Cost attributed to regulation by the Board:

14 per month

or

$ 1.68 per year

 

 

Insurance Industry

 

Based on information from the Board and from the Insurance Information Centre of Canada, the cost of regulation of the Automobile Insurance Industry in Newfoundland is $ 1.71 per insured vehicle per year.

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