NB Power Rates To Rise April 1st
NB Power customers are going to see their bill rise starting April 1st.
The Energy and Utilities Board has approved a rate increase of 2.07 per cent for the residential class, which is actually higher than the average increase for others, of 1.77 per cent.
NB Power says the reason behind the hike is so they can continue paying down debt, while investing in outage prevention and reliability. They also maintain that they still have the lowest electricity rates in the Maritimes provinces.