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The NB Power head office in Fredericton. Image: Submitted/NB Power

Power rates, fuel prices increase in N.B.

By Brad Perry Apr 1, 2024 | 5:40 AM

It is now more expensive to power your home and fuel your vehicle in New Brunswick.

Residential power rates in the province increased by 13.2 per cent as of Monday, April 1.

The average NB Power customer will now pay about $25 more per month, according to the utility.

The increase is a combination of a 9.8 per cent interim general rate hike and a change to the Variance Account Recovery charge.

Officials have said the general rate increase could end up being adjusted this summer as the utility still faces a full hearing by the Energy and Utilities Board.

In addition, a controversial increase to the federal carbon tax also takes effect on Monday, April 1.

The maximum price for regular self-serve has increased by 3.8 cents to 175.5 per litre.

Diesel is selling for a maximum price of 191.4 per litre, up by 4.6 cents.