Understanding NB Power's three-year rate plan
Rate plan at a glance
NB Power is proposing a three-year plan. The proposed annual rate increase is 5.5%. The estimated impact is $13.25 per month for the average residential customer using 1,350 kWh per month. Actual bill impacts will vary depending on electricity use.
The infographic attributes 84% of the increase to reliability and modernization, 15% to higher operating costs and 1% to other factors.
Over the past three years, investments totalled $1.288 billion: $981 million in generation and $307 million in transmission and distribution. The application proposes reducing connection and reconnection fees from approximately $76 to just over $9 for customers with smart meters.
The application will be reviewed by the New Brunswick Energy and Utilities Board before any changes can take effect. For payment assistance, visit NB Power support .