Uber and Lyft might not be rolling into Winnipeg, for now.

The Public Utilities Board has approved Manitoba Public Insurance’s rates for companies like Uber and Lyft.

The model will see ride sharing drivers pay an add on to their insurance based on how many time bands they select during the day.

READ MORE: 'Find the road to yes': Bowman calling on MPI to help pave the way for ride sharing

MPI has said this system is flexible and prevents other vehicle classes from subsidizing ride sharing vehicles.

Uber has said it’s opposed to the plan and won’t come to Winnipeg under this model, citing compliance and coverage issues. Instead, Uber wants a blanket insurance policy.

In a statement Monday, Lyft said, "We see tremendous opportunity for Lyft in Winnipeg. Unfortunately, the current insurance framework would not allow true ridesharing to operate in the province. We look forward to continuing to work with the Manitoba Public Insurance Corporation to find a way forward that puts prioritizes public safety and consumer choice."

The PUB's order setting rates is not permanent. The PUB wants to revisit the issue next year once data is collected calling this an interim decision. It also wants the province to review minimum standards and licensing requirements for vehicles for hire.