48. The Régie shall conduct, every three years, a rate review during which it shall establish, for the three rate years covered by the review, the revenues required annually by the electric power carrier or the electric power distributor to ensure the operation of its system, and during which the Régie shall fix the rates applicable as of, in the case of the electric power carrier, 1 January or, in the case of the electric power distributor, 1 April of each of those three rate years. The Régie may, in the manner it determines, spread out the rate increase for one or more of the years covered by the review over those three years.
In addition, the Régie shall, during a rate year, on the application of an interested person or on its own initiative, fix a rate or conditions of service applicable to the transmission or distribution of electric power by the electric power carrier or distributor referred to in the first paragraph. The Régie shall, in order to fix a rate and according to the year concerned, take into account the required revenues established in accordance with the first paragraph for the current rate year.
On the application of the electric power carrier or the electric power distributor made during the three rate years covered by a rate review conducted under the first paragraph, in exceptional circumstances, the Régie shall conduct a rate review referred to in that paragraph in the manner provided for in that paragraph.
The electric power distributor shall consult the Minister before making an application referred to in the second or third paragraph.
1996, c. 61, s. 48; 2000, c. 22, s. 10; 2006, c. 46, s. 37; 2019, c. 272019, c. 27, s. 61; 2025, c. 242025, c. 24, s. 371.