Ever wonder why your electricity bill changes or how those rates are even decided? You might be surprised to learn how complex the process is, involving public hearings, regulatory bodies, and a balancing act between utility needs and consumer impact.
NB Power, New Brunswick's primary electricity provider, recently requested a significant rate increase, sparking public debate and scrutiny.
They initially sought a 9.8% rate hike for residential customers and a 10.9% increase for industrial clients, effective April 1, 2024.