August 1, 2018 | by: aaronarmstrong

Hooray, it’s August 1 — NB Power rates rise today; Gas prices tomorrow

Most people dread the 1st week of August because it means Summer is winding down.

…Not new Brunswickers, though — We dread the 1st week of August because it means NB Power rate hikes are now here, & gas prices will be rising significantly following faint relief at the pumps.

NB Power rates are rising, for both Residential & Industrial customers, by 0.96% — just by a small addition this time. Combined, these small hikes add up quick.

It’s not as bad as it could have been, though — last fall, NB Power originally applied for an average 2% rate hike to kick off in April.

That’s not all that’s aboard the rate hike train, though — gas predictions for New Brunswick are in, & it’s looking like prices are going to be going up just in time for the long weekend!

Coincidence?

Regular fuel is predicted to climb 3¢ per litre — while Diesel is projected for a 1¢ climb.

Just keep smiling, New Brunswick. KEEP.SMILING.