Rate Increase – Follow To Know

Nova Scotia Power customers to foot $24M in storm recovery costs | CBC News

December 2, 2024December 2, 2024 mdbincbi

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…

New year sees Nova Scotia Power rate increase take effect | CBC News

January 2, 2024January 2, 2024 mdbincbi

Nova Scotia Power customers will pay 6.5 per cent more on average for electricity in 2024, after a rate increase took effect on Jan. 1. The rate hike was ratified in February last year as part of a 13.8 per cent jump to bills over two years. At the time, increases of 6.9 per cent were forecast each year, but that has changed slightly bringing this year’s change to 6.5 per cent. Read full story here: New year sees Nova Scotia Power rate increase take effect | CBC News