NB Power Seeks Another Rate Increase

Casey Halston

Published: January 29, 2026 6:13 AM ET

NB Power is contemplating another rate increase for electricity in New Brunswick. The utility has filed an application for a temporary rate hike while it awaits a decision from the Energy and Utilities Board (EUB).

Details of the Rate Increase Request

In October, NB Power submitted a request that includes two main elements. The first is a proposed temporary increase of 4.75% starting April 1, 2026. If this is not granted, they are asking for permission to recover any lost revenue due to delays in implementing new rates.

Reason for the Rate Increase

The primary reason for this request is the delayed hearing date of the general rate application (GRA). This delay stems from scheduling conflicts linked to the Renewables Integration Grid Security project, which is currently undergoing regulatory reviews. Hearings are set for February 9-13, 2026.

Impact on Customers

If approved, the 4.75% increase will affect all rate classes. For the average residential customer using 1,350 kilowatt-hours per month, this would mean an increase of approximately $10.90 on their bill.

The funds from the rate hike will be directed toward critical infrastructure upgrades.
This aims to ensure a reliable power supply for both homes and businesses.
The increase also supports the transition to modern and clean energy solutions.

Future Implications

If the interim rate motion is accepted, the rate increase will remain until the EUB makes a final decision post-hearing in March. Alternatively, if the EUB permits recovery of lost revenue, this charge will apply only after the GRA is finalized and will remain until March 31, 2027.

Justification for the Increase

NB Power states that the need for this rate increase is driven by several factors:

Improvements in reliability and station performance
Addressing infrastructure deficits
Inflation and fluctuations in market prices
Support garnered from customers

Investments Planned

The utility has indicated that specific investments will focus on:

Generating station reliability
Vegetation management
Cybersecurity
Energy efficiency programs

This proposed rate increase reflects NB Power’s commitment to enhancing its service quality while addressing pressing infrastructure needs. For further information, visit Filmogaz.com.