New Brunswick·New
N.B. Power cannot reasonably expect its customers to absorb annual price increases that are well above the rate of inflation and should have its request for a 4.75 per cent increase in the coming year reduced, the New Brunswick Energy and Utilities Board was told on Friday.
Public intervener, municipal utilities join others in opposing 4.75% hike
Robert Jones · CBC News
· Posted: Mar 20, 2026 4:58 PM EDT | Last Updated: 25 minutes ago
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N.B. Power lawyer John Furey told the EUB in closing arguments that the utility’s request for a 4.75 per cent rate increase is both “reasonable and necessary.” (Roger Cosman/CBC)
N.B. Power cannot reasonably expect its customers to absorb annual price increases that are well above the rate of inflation and should have its request for a 4.75 per cent increase in the coming year reduced, the New Brunswick Energy and Utilities Board was told on Friday.
During closing arguments in N.B. Power’s two-week-long rate hearing, the province’s three municipal utilities and the public intervener joined other parties in calling the requested increase, when added to earlier increases, too much.
“These rate increases are significantly above the rate of inflation and are putting a significant strain on N.B.
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