Electricity increases explained, with 'tough love' tips to balance household budgets
CBC News | Posted: January 13, 2018 12:30 AM | Last Updated: January 13, 2018
Credit counsellor Al Antle has this line-by-line breakdown
The looming increase in electricity bills because of Muskrat Falls is causing concern, but a credit counsellor says time is on the side of customers.
"Failure to plan will get us in trouble, I promise," says Al Antle, of Credit Counselling Services of Newfoundland and Labrador.
"We have three years' notice … So we have time to look and see what can we do as households to make sure that when this comes it doesn't devastate us."
Watch the video below for a simple breakdown of just how much monthly bills are expected to increase — and for tips on how to rearrange your household budget.