Hearings begin between NB Power and EUB to discuss Advanced Metering Infrastructure
A hearing between NB Power and the New Brunswick Energy and Utilities Board begins Wednesday to discuss the utility's plans to invest in new technologies, increase renewable energy projects, and to raise rates.
A news release from the province says one of the technologies includes Advanced Metering Infrastructure, which aims to help build a smarter, cleaner, and more efficient power grid.
Darren Murphy, the chief financial officer and vice-president of corporate services at NB Power, said in his opening statement that this technology would provide customers with benefits like more detailed information about their energy consumption as well as improved reliability in outage notification.
In October 2017, NB Power's application was originally filed for an average two per cent increase across all rate classes starting April 1st.
The news release says the company predicts this represents an increase of about $4.00 per month to the average New Brunswick household.