N.B. Power disputes JD Irving claim industrial power rates are uncompetitive

By Robert Jones
CBC News
February 27, 2025
Category: Business & Politics
Region: Canada, Canada East

NEW BRUNSICK — J.D. Irving Ltd.’s claim that “uncompetitive” electricity prices charged by N.B. Power is exclusively responsible for forcing it to close a production line at its east side Saint John paper mill has pushed the provincial utility and its rates into the spotlight. And N.B. Power is not taking the criticism quietly. …Dominique Couture said, “N.B. Power large industrial rates are lower than Nova Scotia, P.E.I., HydroOne (in Ontario), Alberta and are on par with Saskatchewan.” N.B. Power did raise industrial and residential rates 13% in the past year and has plans to raise them more than 9% again this year, beginning on April 1. Still N.B. Power disputes that has made electricity pricing uncompetitive in New Brunswick. …Quebec and British Columbia have substantial hydroelectric production and offer industrial power rates to mills between 10 and 28 per cent below N.B. Power’s subsidized rate.

Related coverage by the Telegraph-Journal Editorial Board: Power rates are a real problem. An Irving subsidy isn’t the solution

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