6.9% NSP bill hike takes effect immediately
The Tufts Cove generating station in Dartmouth generates electricity for Nova Scotia Power . - Tim Krochak / FileNova Scotia Power's residential customers will see their power bills increase by about 14 per cent by January of next year.Thursday that it has approved most of the utility’s general rate application settlement agreement that was reached in November with representatives for all major customer classes, representing most of Nova Scotia Power’s customers.
“The board is satisfied that the negotiated average 6.9 per cent rate increases in each of 2023 and 2024 are reasonable and appropriate, and that the increases comply with recent amendments to the Public Utilities Act introduced through Bill 212,” board members wrote in the summary of its decision. “However, the board does not have the authority to provide special rates for these customers and, as noted by the Nova Scotia Court of Appeal, the board's regulatory power under the Public Utilities Act is not an instrument of social policy. Further, consistent with principles of utility rate regulation recognized by the Supreme Court of Canada, the board cannot simply disallow Nova Scotia Power's reasonable costs to make rates more affordable.
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