Results from the Economic Impact Analysis show the output from the construction of the pipeline alone would have a $110 million output and create 434 jobs. Meanwhile, access to natural gas would encourage growth in the hog production, greenhouse, and metal fabrication industries that would have long-lasting economic effects for the area.
Hydroelectricity rates in Manitoba are expected to increase, there is currently a proposal being reviewed by the Public Utilities Board requesting a rate increase of 7.9% for years 2017/18 and 2018/19. Manitoba Hydro has also expressed their intent to seek rates increase up to 75% over 10 years to achieve financial stability. Details on Manitoba Hydro's 10-year plan.
Current annual cost savings are $732 between heating a home with natural gas versus electricity, in 10 years the difference could be $1,760
Affordable Conversion to Natural Gas With Power Smart Programs
Manitoba Hydro currently offers Power Smart Programs to make the conversion to high-efficiency natural gas furnaces more affordable. Switching from electrical energy to natural gas alleviates the electrical demand in our area, allowing economic growth to continue, and allows MB Hydro to export hydroelectricity out of the province to replace fossil fuel generated electricity. Click to learn more about the Power Smart Programs including Pay As You Save (PAYS) and Affordable Energy Program.
Carbon tax rates by fuel type applicable starting in September 2018 to fossil fuels. Agricultural producers using fuels for heating farm buildings or grain drying will be exempt from the Manitoba Carbon Tax, but will require a specific natural gas meter if used for home heating or other non-agricultural purposes.