Public can participate in phase one of PUB review

Residents of the province looking to provide input in phase one of the review of the Newfoundland and Labrador Board of Commissioners of Public Utilities can do so until February 10.

Phase one will focus on background and issue identification. Details on how to participate can be found here.

The review will be conducted in three phases. Phase one involves background and issue identification, phase two is benchmarking and wholesale mark-ups and phase three will look at retail mark-ups and other issues.

This review comes after Minister of Digital Government and Service NL Sarah Stoodley directed the Board to review the suitability of the pricing mechanism for benchmark prices and the maximum mark-up between the wholesale price to the retailer and the retail price to the consumer for all regulated fuels back in June.

The Minister also directed that the Board hold a hearing as part of the review to enable direct public input from residents.

The Newfoundland and Labrador Board of Commissioners of Public Utilities is tasked with setting the maximum prices which may be charged by wholesalers and retailers in the province.