New Brunswick·New
N.B. Power is in front of the New Brunswick Energy and utilities board seeking approval to raise its rates by 4.75 per cent this year, but the utility’s plans to follow that with a 6.5 per cent increase next year and another 6.5 per cent increase the year after have been raising their own set of questions.
Utility wants a 4.75% increase this year and 6.5% in each of the two following years
Robert Jones · CBC News
· Posted: Mar 11, 2026 5:02 PM EDT | Last Updated: 25 minutes ago
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Darren Murphy, N.B. Power senior vice-president, left, and chief financial officer Justin Urquhart told the utility’s rate hearing that price increases are unfortunate but necessary. (Roger Cosman/CBC)
N.B. Power is in front of the New Brunswick Energy and utilities board seeking approval to raise its rates by 4.75 per cent this year, but the utility’s plans to follow that with a 6.5 per cent increase next year and another 6.5 per cent increase the year after have been raising their own set of questions..
Randy Hatfield of the Human Development Council questioned N.B. Power executives at length this week on how consumers on low incomes will be able to cope with years of cumulative large increases in power bills.
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