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Nova Scotia Power rates to rise between 2017 and 2019

from CBC News

Nova Scotia Power predicts rates will rise between one per cent and 1.5 per cent each year from 2017 to 2019 inclusive. The raise is mostly related to fuel costs, which account for approximately 35 per cent of power rates. The utility made the announcement after the province introduced its electricity plan, which mandates a three-year rate. There will be no rate increase for most customers in 2016 and there is even a possibility of a slight cut, NS Power confirmed. more


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