Power rates will climb in Nova Scotia, but not as much as the utility wanted
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HALIFAX – Residential power rates in Nova Scotia are going up, but not quite as much as the biggest utility in the province was hoping.
The provincial regulator has issued a lengthy decision on Nova Scotia Power’s rate proposal.
The privately owned utility was seeking a 3.8 per cent rate hike retroactive to Jan. 1, 2026, and another 4.1 per cent increase on Jan. 1, 2027.
The regulator said Wednesday in a 300-page decision that it’s prohibiting Nova Scotia Power from recovering millions of dollars of expenses from customers.
It says the adjustments will mean slightly lower rates than the Emera subsidiary was seeking, but it did not provide hard numbers.
Nova Scotia Power will use the changes in the ruling to recalculate the impact to customers within two weeks.
This report by The Canadian Press was first published March 25, 2026.
Note to readers:This is a corrected story. The original version erroneously reported that Nova Scotia Power was seeking a 4.8 per cent power rate increase on Jan. 1, 2027. In fact, it was seeking an increase of 4.1 per cent.