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Customers brace for decision on Nova Scotia Power's rate hike request
The regulator barred recovery of millions in expenses and cut allowable executive pay, leading to smaller rate hikes than Nova Scotia Power requested.
- On Wednesday, the Nova Scotia Energy Board released a decision limiting proposed rate increases for Nova Scotia Power, rejecting the full hike requested by the utility.
- Seeking a 3.8 per cent rate increase retroactive to Jan. 1, 2026, and a 4.1 per cent hike effective Jan. 1, 2027, the privately-owned utility cited a need for grid reliability and extreme weather response.
- Prohibiting the recovery of millions in expenses, the board's 300-page decision reduces recoverable executive compensation and mandates nearly $10 million in spending cuts.
- Nova Scotia Power must recalculate the rate impact within two weeks, while Liberal leader Iain Rankin and NDP leader Claudia Chender criticized the government for failing to control rising costs.
- Following a stakeholder comment period, the board expects to issue a final rate decision in about a month, while Nova Scotia Power CEO Vivek Sood said the ruling allows for necessary grid investments.
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Moose Jaw Today
Moose Jaw TodayPower rates will climb in Nova Scotia, but not as much as the utility wanted
HALIFAX — Residential power rates in Nova Scotia are going up, but not quite as much as the biggest utility in the province was hoping. The provincial regulator has issued a lengthy decision on Nova Scotia Power’s rate proposal.
Coverage Details
Total News Sources22
Leaning Left8Leaning Right1Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 25%
Factuality
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