People of Yellowknife will see lower power rates on their next energy bill.
The Public Utilities Board has found Northland Utilities made 30 per cent more profit than expected on its Yellowknife business in 2016. The company made $842,000 more than estimated.
The company said a combination of factors resulted in the surplus including wage savings and revenues from development projects paying for power hook-ups.
This may come as a surprise to Yellowknife residents who saw rates from NTPC rise back in July.
Customers will see a roughly 1.8 percent decrease on their next bill.