Nova Scotia rates to jump 5.6 per cent

subscribe

Nova Scotians will pay 5.66 per cent more for electricity in 2011, after the Nova Scotia Utility and Review Board approved the increase.

On January 1 residential ratepayers will see a 5.66 per cent increase in their light bills — about 3.5 per cent to Nova Scotia Power and the rest to an energy conservation program.

Nova Scotia Power says it needs the increase to cover the costs of buying cleaner, more expensive coal, and had originally asked for an immediate 9 per cent increase.

The regulator said in its decision that it accepted the utility's costs as accurate, but Nova Scotia Power will have to go with staggered rate increases over the next three years.

During hearings, some intervenors said that many customers would have seen a more than 10 per cent jump in rates next year.

Industrial customers will see their rates increase almost 7 per cent, while commercial rates will rise 6.2 per cent.

How big the rates hikes will be in 2012 and 2013 will depend on the cost of fuel.

Related News

Prepare for blackouts across the U.S. as summer takes hold

WASHINGTON - Just when it didn’t seem things couldn’t get worse — gasoline at $5 to $8 a gallon, supply shortages in everything from baby formula to new cars — comes the devastating news that many of us will endure electricity blackouts this summer.

The alarm was sounded by the nonprofit North American Electric Reliability Corp. and the Federal Energy Regulatory Commission.

The North American electric grid is the largest machine on earth and the most complex, incorporating everything from the wonky pole you see at the roadside with a bird’s nest of wires to some of the most sophisticated engineering ever…

READ MORE
ev-battery-plant-project-montreal

Northvolt Affirms Continuation of EV Battery Plant Project Near Montreal

READ MORE

rolls royce nuclear

Rolls-Royce signs MoU with Exelon for compact nuclear power stations

READ MORE

extreme-heat-boosts-us-electricity-bills

Extreme Heat Boosts U.S. Electricity Bills

READ MORE

lower Ontario electricity rates

Ontario tables legislation to lower electricity rates

READ MORE