New Brunswick utility is proposing rate hikes over next three years

New Brunswick's public utility is proposing a series of electricity rate increases over a three-year period. The plan entails raising rates by an average of 5.5 per cent annually for each of the upcoming three years.

The proposal originates from the provincial utility in Fredericton and impacts customers across the region. If approved, the consecutive hikes will alter the cost structure for electricity consumers throughout the service area over the multi-year timeframe.