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H-5 - Hydro-Québec Act
Section 16.1
Disposition versions
16.1. The Company shall pay a charge into the Generations Fund for all the water powers it exploits in Québec, including those placed at its disposal under section 32.
The Company shall pay the charge according to the terms prescribed by section 69.3 of the Watercourses Act (chapter R-13).
The rate of the charge is $0.88 per 1,000 kilowatt-hours computed on 1 January 2023 and is to be adjusted on 1 January each year according to the percentage of increase, in relation to the preceding year, in the Consumer Price Index for Canada, as published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19). For that purpose, the Consumer Price Index for a year is the average monthly index for the 12 months ending on 30 September of the preceding year.
Where an annual average or the percentage computed under the third paragraph or where the rate of the charge thus adjusted has more than two decimals, only the first two decimals are kept and the second decimal is increased by one unit if the third decimal is 5 or over.
The Minister shall publish, in the Gazette officielle du Québec, the rate of the charge so adjusted.
For 2024, the Company shall pay an additional charge of $0.92 per 1,000 kilowatt-hours of gross energy generated. (2023) 155 G.O. 1, 839.
16.1. The Company shall pay a charge into the Generations Fund for all the water powers it exploits in Québec, including those placed at its disposal under section 32.
The Company shall pay the charge according to the terms prescribed by section 69.3 of the Watercourses Act (chapter R-13).
The rate of the charge is $0.88 per 1,000 kilowatt-hours computed on 1 January 2023 and is to be adjusted on 1 January each year according to the percentage of increase, in relation to the preceding year, in the Consumer Price Index for Canada, as published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19). For that purpose, the Consumer Price Index for a year is the average monthly index for the 12 months ending on 30 September of the preceding year.
Where an annual average or the percentage computed under the third paragraph or where the rate of the charge thus adjusted has more than two decimals, only the first two decimals are kept and the second decimal is increased by one unit if the third decimal is 5 or over.
The Minister shall publish, in the Gazette officielle du Québec, the rate of the charge so adjusted.
For 2023, the Company shall pay an additional charge of $0.88 per 1,000 kilowatt-hours of gross energy generated. (2023) 155 G.O. 1, 30.
