Inuvik Gas Proposes Rate Hike to Cover Rising Costs Amid Resident Concerns

Inuvik Gas Ltd., which supplies natural gas to residents in Inuvik, Northwest Territories, is proposing a rate hike of $10 per gigajoule to take effect on September 1. The company claims that this increase is necessary to cover rising costs and ensure safe and reliable energy service.

According to Robin Gaskell, the general manager of Inuvik Gas, the proposed increase is driven by legitimate cost pressures, substantial investments in energy security, and the need to maintain a reliable supply of natural gas. The company has not raised its rates since 2012, despite significant increases in costs.

In July, Inuvik Gas announced that its rates would go up by $10 per gigajoule come September. Residents have expressed concerns about the hike, citing rising living costs and unaffordability. Gaskell wrote that the company's rates haven't changed since 2012 'despite substantial increases' to its costs.

The proposed M18 well is expected to produce natural gas and supply fuel for energy, heating, and transportation. However, Inuvik Gas said that while the project 'may positively affect future gas supply,' there are too many uncertainties for the company to make plans around its development.