Electricity increases explained, with 'tough love' tips to balance household budgets

The looming increase inelectricity bills because of Muskrat Falls iscausing 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.

Electricity costs breakdown

7 years ago

Duration 5:02

Here and Now's Debbie Cooper talks with credit counsellor Al Antle