Power's in-province customers will see an average increase in electricity rates of 4.8 percent in 2023/24," wrote Waycott, who is N.B. Power's Stephen Waycott said making alterations will lower the rate increase from the 8.9 per cent applied for, to 5.7 per cent. An additional rebate due to customers from another issue that also takes effect on April 1 will further reduce new charges customers face. In a letter to the EUB, responding to a series of changes required by the regulator following a two week hearing in February, N.B. New Brunswick electricity prices will be increasing by 4.8 per cent at the end of this week, after changes ordered by the New Brunswick Energy and Utilities Board knocked $50 million off a rate request made by N.B. She tried unsuccessfully to convince the EUB to approve the utility's full rate request. Power's full-time president and CEO last week on March 20, the first woman to hold the position.
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