N.B. Power to spend $3.4 million of proposed rate hike on higher industrial subsidies | CBC News

N.B. Power to spend $3.4 million of proposed rate hike on higher industrial subsidies | CBC News

Acting N.B. Power president Lori Clark stated financial issues the energy deals with in the next year are significant and need every client to contribute similarly to address them. According to Couture, N.B. Power has to increase quantities it offers and purchases with the mills to accommodate both higher electrical energy costs and the growing intake of power by some of the facilities.”Firm sales to program participants are increasing due to electrification and other growth, and the targeted quantity of reduction is increasing, for that reason increased purchases are needed in order to satisfy the policy,” composed Couture.According to the province, the aid program is suggested to assist New Brunswick mills contend versus facilities in other provinces that have access to lower power expenses, particularly in Quebec and British Columbia.

Acting N.B. Power president Lori Clark said monetary problems the utility faces in the next year are considerable and require every client to contribute similarly to resolve them. It is only to cover our costs,” said Clark”We chose it was in the best interests of all of our customers to put an average rate boost in location. According to Couture, N.B. Power has to increase quantities it buys and sells with the mills to accommodate both greater electricity prices and the growing usage of power by some of the facilities.”Firm sales to program participants are increasing due to electrification and other growth, and the targeted quantity of decrease is increasing, therefore increased purchases are needed in order to please the guideline,” composed Couture.According to the province, the aid program is implied to help New Brunswick mills contend versus centers in other provinces that have access to lower power costs, especially in Quebec and British Columbia.


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