Nova Scotia Power customers will see rates go up next year to pay for the utility’s cost of dealing with storms in 2023.
In a newly released decision from the Nova Scotia Utility and Review Board, Nova Scotia Power got the green light to charge ratepayers $24 million starting in January 2025 through a mechanism called the storm cost-recovery rider.
According to the board, the impact on rates will vary depending on the customer, but on average, rates will rise about 1.4 per cent.
There were six storms in 2023 that were severe enough to qualify for cost recovery, including post-tropical storm Lee, which temporarily knocked out power to nearly a third of Nova Scotia Power customers when it hit the province last September.
Read full story here: Nova Scotia Power customers to foot $24M in storm recovery costs | CBC News
