Get ready to pay more on your next power bill in New Brunswick.
NB Power rates are rising by around two per cent on Friday, April 1.
That is the highest amount the utility is allowed to raise rates this year without having to apply to the New Brunswick Energy and Utilities Board for approval.
According to documents filed with the board, all of the increases will be between 1.9 and two per cent.
For residential customers, the monthly service charge will increase by just under 50 cents to $23.25 for urban customers and $25.51 for rural customers.
The cost of the electricity itself will now be 11.61 cents per kilowatt hour (kWh), an increase of 0.23 cents.
Rental fees for area lighting and water heaters will also cost more as a result of the increase.
It will now cost $7.06 per month for a 22-gallon (100-litre) or 40-gallon (180-litre) tank, $9.16 for a 60-gallon (270 litre) tank, and $18.41 for a 100-gallon (455-litre) tank.
You can find the full list of new rates by clicking here.
Customers of the province’s largest electric utility are not the only ones who will see an increase.
Saint John Energy, which buys its electricity from NB Power, is also raising its rates by two per cent on Friday.
“The rate increase, which will apply to all Saint John Energy customer rate classes, follows a two per cent increase in electricity supply costs from NB Power,” the utility said in a release on March 1.
The utility’s hot water and heat pump rental fees will not be affected by the increase.
Saint John Energy’s residential customers currently pay 10.46 cents per kWh for electricity and a monthly service charge of $17.53.
