7. The municipal council may adopt, amend or repeal by-laws:(1) To determine the price for electricity supplied to individuals or to legal persons and that for the rent of meters, and for supplying meters to measure the quantity of electricity consumed;
(2) To prevent fraud in connection with the quantity of electricity supplied;
(3) To protect the wires, pipes, lamps, apparatus and other articles serving for the distribution of electricity;
(4) To prescribe, in accordance with section 369 of the Cities and Towns Act (chapter C-19), penalties for infringement of any by-law adopted under this Act.