The Public Utilities Board is conducting a review in relation to the regulation of the maximum price of petroleum products in Labrador. This review was initiated by the Board earlier this year as a result of concerns raised following the dramatic drop in world petroleum products prices over the period of several weeks in the spring of 2020. A number of specific issues have been identified by the Board, including zone boundaries, zone differentials, the frequency of maximum price adjustments, and the suspension of maximum price adjustments for the winter in some regions of Labrador.
In May and June of this year the Board wrote community and industry stakeholders to request information and commentary in relation to the issues to be addressed in this review. The Board received a very good response and continued to gather related information and commentary throughout the summer. This information has been reflected in a consultation paper. Stakeholders will now have an opportunity to provide their feedback on the information and issues raised in this review before the Board makes it determinations later this fall. Click here for the available documentation.
The Board has released a consultation paper which provides background and information relating to the regulation of the maximum price of petroleum products in Labrador, including how prices are established, how petroleum products are supplied as well as the costs incurred by retailers and wholesalers to supply these products to the region. The consultation paper sets out the issues and the options which may be considered to address these issues. Click here for the consultation paper.
The Board is seeking further input from stakeholders. The consultation paper sets out the specific information which the Board is seeking and additional input in relation to other issues and options within the jurisdiction of the Board is also invited. Given the current circumstances travel to Labrador by the Board or staff is not a realistic possibility but stakeholders may provide their input by requesting the opportunity to make a presentation to the Board by video or teleconference or by providing written comments and submissions as set out below.
1. Submit a request to make a presentation
If you would like the opportunity to make a presentation to the Board you should submit your request no later than Friday, October 30, 2020 with your contact information, including your full name, address, phone number and/or email to the Board Secretary, Cheryl Blundon, at firstname.lastname@example.org or by telephone (709)726-8600 or toll-free 1-866-782-0006.
You will be asked to provide a written copy of your presentation.
2. Submit your comments/submissions in writing
If you would like to provide comments or submissions in writing you may do so in one of the ways set out below with your contact information, including your full name, address, phone number and/or email. All comments and submissions should be submitted no later than Friday, November 6, 2020.
Email your comments to: PPReview@pub.nl.ca
|Complete a feedback form - Click here
The Public Utilities Board
P.O. Box 21040
St. John’s , NL A1A 5B2