Residential power bills in N.S. wont look any different in the new year

The Canadian Press ~ The News
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HALIFAX - Residential power bills in Nova Scotia won't be dropping in the new year.
Nova Scotia Power applied last month to lower rates for residential customers by 1.4 per cent starting Jan. 1.
The utility, a subsidiary of Emera Inc. (TSX:EMA), said lower costs for oil and natural gas were behind the request.
However, during a hearing Wednesday of the Utility and Review Board, it was revealed that the proposed drop will be offset by a new charge.
The charge, which is also due to start Jan. 1, will be used to fund conservation programs.
Residential customers in Nova Scotia have seen their power bills go up by about 30 per cent in the past eight years.

Organizations: Nova Scotia Power, Emera Inc., TSX Utility and Review Board

Geographic location: Nova Scotia

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