{"id":6577,"date":"2024-01-29T13:25:14","date_gmt":"2024-01-29T17:25:14","guid":{"rendered":"https:\/\/www.qccrfm.com\/news\/?p=6577"},"modified":"2024-01-29T13:26:17","modified_gmt":"2024-01-29T17:26:17","slug":"nova-scotia-power-customers-may-get-a-break-on-rate-increase","status":"publish","type":"post","link":"https:\/\/www.qccrfm.com\/news\/2024\/01\/29\/nova-scotia-power-customers-may-get-a-break-on-rate-increase\/","title":{"rendered":"Nova Scotia Power customers may get a break on rate increase"},"content":{"rendered":"
\"Overhead

Photo Ed Halverson<\/p><\/div>\n

By Rick Conrad<\/strong><\/p>\n

Nova Scotia Power customers may see less of an increase on their electricity bills.<\/span><\/p>\n

The Nova Scotia government says it wants to help extend the time period that ratepayers have to cover a portion of the utility\u2019s fuel costs.<\/span><\/p>\n

That would mean a rate increase of 1.1 per cent instead of the planned seven per cent for residential customers and 13 per cent for industrial users, according to a news release Monday.<\/span><\/p>\n

\u201cIf we did not take action, Nova Scotia Power would seek another large power rate increase this year,\u201d said Tory Rushton, minister of natural resources and renewables.\u00a0<\/span><\/p>\n

\u201cWhile we would prefer no increase at all, we are proposing a solution that would mean a considerably smaller increase of about 1.1 per cent instead.\u201d<\/span><\/p>\n

The amount ratepayers owe for fuel costs is included in the utility\u2019s fuel adjustment mechanism. Each year, it files a proposal with the Nova Scotia Utility and Review Board to recover its fuel costs. The board sets power rates based on those costs.<\/span><\/p>\n

The government would buy $117 million of Nova Scotia Power\u2019s outstanding $395 million fuel adjustment cost. It would get it back from ratepayers through their power bills over a 10-year period.<\/span><\/p>\n

The government said it sent its proposal to the review board on Monday. \u00a0<\/span><\/p>\n

Email: rickconradqccr@gmail.com<\/a>

<\/p>\n","protected":false},"excerpt":{"rendered":"

By Rick Conrad Nova Scotia Power customers may see less of an increase on their electricity bills. The Nova Scotia government says it wants to help extend the time period that ratepayers have to cover a portion of the utility\u2019s fuel costs. That would mean a rate increase of 1.1 per cent instead of the […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,5],"tags":[1695,241,746,369,1694],"class_list":["post-6577","post","type-post","status-publish","format-standard","hentry","category-community-news","category-news-posts","tag-electricity-rates","tag-nova-scotia","tag-nova-scotia-power","tag-nova-scotia-utility-and-review-board","tag-power-bills"],"_links":{"self":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/comments?post=6577"}],"version-history":[{"count":2,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6577\/revisions"}],"predecessor-version":[{"id":6579,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6577\/revisions\/6579"}],"wp:attachment":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/media?parent=6577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/categories?post=6577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/tags?post=6577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}