Energy and Utilities Board approves NB Power rate increase request
New Brunswick’s Energy and Utilities Board has approved a nearly 13 per cent increase on bills for NB Power residential customers starting next month.
On Tuesday, the EUB approved NB Power’s request for a three per cent increase on its ‘variance account recovery’ application. NB Power’s request cited outages at the Point Lepreau Nuclear Generating Station and the need for replacement fuel.
Last week, the EUB approved NB Power’s general rate application of a 9.8 per cent increase for residential customers.
When NB Power made its combined 12.8 per cent rate increase request public in December, it suggested EUB approval would amount to a $300 increase for average residential customers in 2024-2025.
The new rate is expected to take effect April 1.
NB Power’s 9.8 per cent rate increase is considered “interim,” and is still subject to final approval from the EUB later this spring. In the event of a lower rate being approved, NB Power said customers would be reimbursed.
“For people who are struggling to survive right now, this just adds to the financial stress,” said Janelle LeBlanc, provincial coordinator of the New Brunswick Common Front for Social Justice.
“For many people, this will be a lot.”
“Even if these people can apply for different programs, a lot of them are just surviving right now. They don’t have time to look into programs. People need a living wage,” Leblanc added.
NB Power said it would contact customers prior to the increase taking effect with information about how their residential bill would change next month.
For more New Brunswick news visit our dedicated provincial page.
CTVNews.ca Top Stories
Deadly six-vehicle crash on Highway 400 sparked by road rage incident
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
'Of course, yes': Poland latest European country with interest in Canadian LNG
The President of Poland says his country would 'of course' be interested in purchasing Canadian liquefied natural gas if it were available, while the Canadian federal government has said it is 'not interested' in subsidizing future projects.
Invasive and toxic hammerhead worms make themselves at home in Ontario
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
Britney Spears settles long-running legal dispute with estranged father, finally bringing ultimate end to conservatorship
Britney Spears has reached a settlement with her estranged father more than two years after the court-ordered termination of a conservatorship that had given him control of her life, their attorneys said.
Here's where Canadians are living abroad: report
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
Dozens in Italy give a fascist salute on the anniversary of Mussolini's execution
Dozens of people raised their arms in the fascist salute and shouted a fascist chant during ceremonies Sunday to honor Italian dictator Benito Mussolini on the 79th anniversary of his execution.
What is a 'halal mortgage'? Does it make housing more accessible?
The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home ownership.
opinion RFK Jr.'s presidential candidacy and its potential threat to Biden and Trump
Although it's still unclear how much damage Robert F. Kennedy Jr.'s candidacy can do to either Joe Biden or Donald Trump this election, Washington political columnist Eric Ham says what is clear is both sides recognize the potential threat.
Health minister 'deeply appreciative' of doctors but capital gains changes here to stay
Health Minister Mark Holland says while he is 'deeply appreciative' of the work doctors in Canada do, the federal government has no plans to scrap the proposed capital gains tax changes outlined in the latest budget, despite opposition from the Canadian Medical Association.