Premier Tim Houston said last November that his government opposed the increase of 6.9 per cent in both 2023 and 2024, which had been agreed to by Nova Scotia Power and most customer representative groups.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The government passed legislation last fall that capped annual rate increases at 1.8 per cent — but that cap didn’t include costs related to fuel or energy efficiency programs. However, he argued the legislation passed last year helped keep rates down, pointing to a line in the board’s decision that states, “rate increases in respect of non-fuel items are nearly half of what they were proposed to be before Bill 212.”Article content
The decision attributes the 2023 rate increase to a mix of rising costs, but in 2024 about 95 per cent of the 6.9 per cent rate hike is to cover projected increases in fuel costs. The board approved “in principle” the establishment of the decarbonization deferral account, “to address the retirement of coal plants and related decommissioning costs,” which are part of the utility’s drive to move away from coal. It said the creation of the account would be subject to “a further consultative process.”
nsgov TimHoustonNS - you are going to have to pay a lot more than $1000.00/yr to those households making less than $85 000. start planning now.
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