NS Power electricity prices to remain stable in 2015
For residential customers, this means the overall price of electricity will be the same in 2015 as it was in 2014. For commercial and industrial customers, the impact varies by rate class. For example, small businesses Small General rate class will see a 4.5 percent reduction in the overall price of electricity.
The increase in energy rates is related to the recovery of outstanding fuel costs from 2013 and 2014, incurred primarily due to high natural gas prices. By provincial regulation, the cost of the fuel Nova Scotia Power uses to make electricity is a direct flow-through to customers, so that customers pay only the true cost of fuel.
The plan to offset increased energy rates with the savings from the removal of the ENS charge was requested by customer representatives and approved by the Utility and Review Board in December 2014.
Related News
Sens. Wyden, Merkley Introduce Bill to Ensure More Wildfire Resilient Power Grid
WASHINGTON - U.S. Sens. Ron Wyden and Jeff Merkley today introduced new legislation to incentivize utility companies to do more to reduce wildfire risks as aging power infrastructure ignite wildfires in Oregon and across the West.
Wyden and Merkley's Wildfire Resilient Power Grid Act of 2020 would ensure power companies do their part to reduce the risk of wildfires through power system upgrades such as the undergrounding of power lines, fire safety equipment installation and proper vegetation management.
"First and foremost, this is a public safety issue. Fire after fire ignited this summer because the aging power grid could not withstand a…
