N.S. woman decries power rate increase amid cost-of-living crisis: ‘When does it end?’

The woman's statement highlights the growing concern among Nova Scotians regarding the recent power rate increase and its impact on their already strained budgets. The cost of living in Nova Scotia has been steadily rising over the past few years, with many residents struggling to keep up with the increased expenses.

The power rate increase is just one of several factors contributing to this cost-of-living crisis. Other factors include rising housing costs, food prices, and transportation costs. The province's unemployment rate has also been increasing, making it even more difficult for some residents to make ends meet.

According to the Nova Scotia Utility and Review Board (NSURB), the average residential electricity rate in Nova Scotia increased by 2.7% in January 2023. This increase is expected to result in an additional $18 million in revenue for Nova Scotia Power, the province's utility company.

The NSURB has stated that the power rate increase was necessary to ensure that Nova Scotia Power remains financially sustainable and can continue to provide reliable electricity to residents across the province. However, this explanation may not be enough to ease the concerns of those who are already struggling with the rising cost of living.

It is important for residents to understand the reasons behind the power rate increase and explore options for reducing their energy consumption and costs. This can include using energy-efficient appliances, properly insulating homes, and turning off lights and electronics when not in use. Additionally, residents may want to consider switching to alternative energy sources such as solar or wind power, which can help reduce their reliance on traditional electricity sources and potentially lower their overall energy costs.