Manitoba Hydro's wish for a five per cent electricity rate increase did not come true this year. The Public Utilities Board, which oversees utilities, approved a 3.6 per cent interim rate increase beginning Jan. 1, 2022. The increase expires Nov. 15, 2022, barring a subsequent successful rate hike application by Manitoba Hydro. "This increase recognizes the financial consequences of the drought experienced in Manitoba in 2021 and the board's objective to avoid rate shock by smoothing the rate increases to customers required to address the costs of major capital projects entering service," the board wrote in a press release.