NB Power's rate increase affects Edmundston Energy

Apr 1, 2025

The Edmundston municipal council increases electricity rates, to absorb an average increase of 9.14% on the various user rates, starting April 1, 2025. This decision is necessary due to the increase announced by NB Power, which was approved by the New Brunswick Energy and Utilities Board.

Although Edmundston Energy generates electricity, it is not enough to supply the entire municipality. The City of Edmundston must therefore purchase its electricity from NB Power to resell to its customers.  The variance account recovery filing mechanism, implemented in 2022, is mandated to adjust, upwards or downwards, the real costs of electricity in NB Power rates. This adjustment is calculated based on NB Power's previous fiscal year, in accordance with Regulation 2022-17 of the Electricity Act. Since NB Energy and Utilities Board has ruled on the recovery of this variance account, an additional average increase of 0,40 ¢ per kWh will also be applied on April 1, 2025.

" The consumption rate for residential customers, including the variance account, will therefore increase from 13.84 cents/kWh to 15.17 cents/kWh. The impact of the increase in residential rates always depends on consumption, but for an average residence, could represent an increase of approximately $25.00 per month", explains Edmundston Energy Director Pierre Roy.

Savings on monthly electricity bills are still possible through various energy efficiency programs offered in New Brunswick. All information is available to Edmundston residents by visiting www.econergienb.ca or by calling Edmundston Energy at 506.739.2106.

Edmundston Energy was founded in 1911 and today serves more than 9,000 residential, commercial, and industrial customers through four substations. It records sales of 260,000,000 kWh annually.

-30-

CONTACT: Pierre Roy, Energy Edmundston Director, pierre.roy@edmundston.ca, 506.739.2106