HALIFAX, NS– Only a Progressive Conservative government will give ratepayers a break from ever increasing power rate increases with a five-year rate freeze, Progressive Conservative Leader Jamie Baillie said today.
“There’s an old saying that nothing is certain but death and taxes. Darrell Dexter and Stephen McNeil want to add skyrocketing power rates to that list,” Baillie said. “The Progressive Conservative Party is the only party that doesn’t think higher and higher power rates are inevitable.”
In August, Baillie released a policy paper, An energy policy that works: Rate relief for Nova Scotia families, which outlines his Party’s detailed, five-point plan to stop power rate increases and get our economy working.
Today, the former Credit Union president and chartered accountant announced a PC government will make the rate freeze the law in the first 100 days of a Progressive Conservative mandate.
Under Darrell Dexter’s NDP government, electricity rates have increased by close to 30 per cent. Nova Scotia’s inflation rate over the same four-year period is estimated to be just under eight per cent.
“High power rates put an unacceptable squeeze on the pocketbooks of too many families and force people to make impossible choices,” Baillie said. “High rates also have a devastating effect on the bottom line of many businesses. They kill jobs. We know we don’t have to continue like this.”
The PCs’ five-point detailed plan to provide rate relief includes:
1. Buy renewable electricity within the current rates;
2. Scrap the fuel-adjustment mechanism;
3. Rein in Nova Scotia Power by removing its guaranteed profit;
4. Use more natural gas; and
5. Create a Maritime energy grid
Baillie says families are left in the dark as Nova Scotia Power takes in record profits and that has to change.
“With Emera and Nova Scotia Power continuing to rake in record profits, they can afford to absorb energy prices for the next five years,” added Baillie. “With the PC plan, Nova Scotians will no longer get electric shock when they open their power bill. With our plan, power rates will not increase for five years.”
To view the policy paper Click here.
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