NB Power pauses rate hike application amid COVID-19

NB Power logo

NB Power pauses rate hike application amid COVID-19

NB Power has pressed paused on its application to charge more for electricity amid the COVID-19 pandemic.

In a notice on its website, the utility says it has "asked the Energy and Utilities Board to delay rendering a decision on NB Power's 2020/21 General Rate Application".

Last year, NB Power had requested a 2.0% increase for all customers effective April 1, 2020.

In its request to the EUB, the company indicated it has moved its operations to mission critical work only due to the pandemic.

In a release Tuesday, the Energy and Utilities Board (EUB) confirmed it had received a request to adjourn Matter 458, NB Power's 2020-2021 General Rate Application.

The EUB says it considered NB Power's motion and ruled to postpone the matter until further notice.

NB Power also says it has suspended disconnections for non-payment, as well as collection efforts until further notice.

On its website, the utility says for residential and small business customers affected by COVID-19, it will defer bill payments for up to 90 days and extend existing pay arrangements.

Interest for past due balances and late payment charges issued after March 19, 2020 will also be waived for impacted customers.