- Cold Future
- January 18, 2013 - 12:36
The cost of power will go up about 50% to pay the average $450 Million to add the Muskrat layer on top of the approximate $500 Million each for NP and NL Hydro. Our regular rates will go up in line with average energy rate escalation in Canada-then add Muskrat. So our rates will balloon to add about average excess cost of $2000 dollars per year per ratepayer. Bottom line is we will have catapouted from having the median of Canadian electricity rates to the highest in Canada.But hey, GFY Quebec-you had your turn, we're giving to Nova Scotia for the coming decades.
- a business man
- January 20, 2013 - 09:00
In all seriousness, I am perfectly okay with everything in your post. I am okay with NLers paying those added costs. Of course, I say this as a NLer with many business interests in Nova Scotia. Still, I am a NL voter and taxpayer, and I fully support MF.
- John Smith
- January 18, 2013 - 10:18
Why does this guy still have a job?
- Winston Adams
- January 18, 2013 - 09:02
Brian, you are in error to say NP is seeking 7.2 percent rate hike. Rate refers to the charge per kwh. For the Domestic, which is the main concern, it is 7.9 percent, for small to medium size business, an average rate DROP of about 1 percent. Larger customers get cheaper rates than domestic and then another 28 percent drop for using more energy--- so much for conservation and minimum use of Holyrood. Your error is that 7.2 is the average domestic COST incease, and cost includes the basic meter charge, which itself is unchanged. This is a slick maniplication of numbers. If the rate hike was 7.2 it would add about 150.00 extra per year for a mid size electric house. At 7.9 it is 165.00. For all house the 7.9 gives almost 4 million in extra revenue. Nice trick hey? And 7.2 sounds less severe than 7.9 , and all the media runs with than number. But check the Application itself, or get back to me and I'll give you the page number. The domestic rate requested is 7.9. So please don't help them with the spin. And have you filed a complaint in writing with the PUB? As of yesterday, they received only 2 written comments opposing the increase from are over the island. And requests for oral presentations, just one. So who cares? And if this topic is of interest , look at the amount of investment into assisting customers for energy reduction upgrades. Nova Scotia, 47 million, here , less than 5 million. Really progressive ,hey?