Payback against Yukon power rates

The formula, with the blanks left blank

Annual savings equal the cost of the heat you used to buy, minus the cost of the electricity and backup fuel you buy now, minus any new fixed charges. Payback is the installed cost after the rebate you actually receive, divided by that annual savings. If the savings are small, the payback is long. If a future rate or oil price moves, the year moves with it. This page will not print a year.

Electricity, in the documents

A January 1, 2026 cross-reference of base rates plus Riders R and J puts a hydro non-government residential customer — the Whitehorse class, not a diesel community — at a $30.38 customer charge, then 25.17¢/kWh for the first 1,000 kWh, 26.58¢ for the next block to 2,500, and 29.01¢ above that. Rate cross-reference That is not the whole bill. Yukon Energy’s October 2026 bill explainer says a typical customer using 1,000 kWh pays about $323.62 a month before territorial rebates, and that Rider F is 1.0¢/kWh from October 1, 2026 through at least the end of 2027 unless fuel prices change it. Bill explainer Rider F

From October 1, 2026 through March 31, 2027, the Affordability Rate Relief takes 25 percent off electricity charges on the first 1,500 kWh each month, capped around $106 a month through December and $112 from January through March. Yukon government A payback that ignores the winter rebate overstates today’s bill. A payback that assumes the rebate is permanent overstates the savings after March 2027.

The government’s $1,900

The April 15, 2026 release says a typical household could save up to $1,900 a year by moving off electric baseboards or an electric furnace onto dual fuel. News release Divide your net cost by 1,900 only if you believe you are that household. The Energy Branch’s terms say an approved application is not a guarantee of savings. Oil, propane, and cordwood prices are not in that sentence. Neither is the COP your unit will actually run at in January.

What you still have to bring

The published rates are the price of a kilowatt-hour. They are not your consumption. A payback sheet needs the litres or cords you bought, the kilowatt-hours the heat pump and the backup will use, and the rebate you were actually approved for. NRCan’s cold-climate COP is a laboratory point at −15°C at maximum capacity. It is not the average COP of a Whitehorse winter, and it is not a reason to print a payback year. NRCan This page leaves the year blank on purpose.