2015 Electricity Rates

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2015 Electricity Rates

Price stability in 2015

The overall price you pay for electricity in 2015 will remain the same. The energy rate on your bill will increase.

In 2013 and 2014, fuel expenses were higher than expected, mainly due to high natural gas prices. Recovering those costs through 2015 rates won’t impact the overall price you pay. That’s because the fuel costs are being offset by the savings to customers created by the Government of Nova Scotia’s decision to remove the Efficiency Nova Scotia surcharge from power bills, effective January 1, 2015.

As a result, the overall price you pay for electricity in 2015 will be the same as 2014.

2014-2015 RESIDENTIAL BILL COMPARISONS

See 2014-2015 commercial information here.

BI-MONTHLY
ELECTRICITY USE
 (kWh)

ELECTRICITY COST
(2014)

EFFICIENCY NOVA SCOTIA
SURCHARGE (2014)
TOTAL COST
(2014)
ELECTRICITY COST
(2015 - NO EFFICIENCY
NOVA SCOTIA SURCHARGE)
500 $92.92 $3.48 $96.40 $96.40
1000 $164.17 $6.96 $171.13 $171.13
2000 $306.68 $13.92 $320.60 $320.60
3000 $449.19 $20.88 $470.07 $470.07
4000 $591.70 $27.84 $619.54 $619.54
5000 $734.21 $34.80 $769.01 $769.01

*prices shown do not include tax  

What will I see on my bill?

  • BASE CHARGE: Is a fixed charge for electricity service. This charge has not changed and will remain at $10.83 per month or $21.66 per bi-monthly statement.
  • ENERGY RATE: Has changed, from 14.251 cents to 14.947 cents per kilowatt-hour.
  • NO EFFICIENCY NOVA SCOTIA SURCHARGE: The Efficiency Nova Scotia surcharge will be applied to electricity used before January 1, 2015, but will not appear on future bills.

What is Nova Scotia Power doing to stabilize prices?

        RENEWABLE ENERGY PROJECTS

  • Maritime Link, a 170km subsea transmission cable, will import hydroelectricity from Newfoundland & Labrador.
  • South Canoe wind farm, soon to be home to 34 new wind turbines, will add 102 megawatts to the grid – enough power to supply 32,000 homes.
  • Sable Wind will create an additional 13.8 megawatts of wind capacity for Nova Scotians.

We are making progress toward having 40% of Nova Scotia’s electricity come from renewable sources by 2020. This will help stabilize electricity prices over the longer term, while building a cleaner environment.
 

Planning for the future

With your help, we’re planning our energy future for the next 25 years. Our Integrated Resource Plan includes customer input gathered from sessions held across the province in 2014, and input gathered online. We know that Nova Scotians support the transition to more renewables and that affordable, predictable rates are a
top priority.

Nova Scotia Power will continue to implement cost-saving measures, such as:

  • Managing our capital investments for improved reliability and predictable rates.
  • Ongoing review of our operations to ensure efficiencies.
  • Managing fuel purchases to ensure lowest-cost options.

Want to know more about our plans for electricity production in Nova Scotia? Read more at tomorrowspower.ca.