Rate Increase April 1st, 2024

Following an interim rate increase recently granted to NB Power by the New Brunswick Energy and Utilities Board, Saint John Energy’s energy purchase costs have gone up by 9.8 per cent as of April 1.

The increase to our customers is less, with rates varying by customer class. Residential rates increased by 9.27 per cent.

Saint John Energy's energy rate changes traditionally mirror those introduced by NB Power, our wholesale supplier. But this year, customers are benefiting from lower-cost renewable energy from the Burchill wind farm as well as other measures implemented by Saint John Energy to lower its costs, including peak shaving efforts.

Also, the NB Power Rate Rider effective April 1st, 2024 to March 31, 2025 will be a charge instead of a credit, as it was over the last 12 months. NB Power’s current Rate Rider will see Saint John Energy pay 0.36 cents per kWh for all energy purchased from NB Power however, due to Burchill Wind and other cost saving activities as outlined above  we will only need to pass along 0.32 cents per kWh to our customers. Rate riders are prescribed under provincial regulation, levied by NB Power and approved by the Energy and Utilities Board (EUB).  

We Pass Along Our Savings To You

Saint John Energy is proud to be the energy provider for more than 36,500 Saint John residents. We serve a specific urban geographic area and have an excellent relationship with NB Power, our wholesale electricity supplier, making lower rates possible. In fact, we are the lowest in the region and account for up to 10% savings for residential and 3% lower rates for commercial customers. This model allows the City of Saint John to save $2 million and our customers more than $8 million each year.

How To Access Our Great Rates

We set rates based on a cost-of-service basis, and all rates are approved by our Board of Commissioners. Residential rates and charges shown do not include applicable taxes and are subject to change.

Rate per kWh: 12.29 cents

Monthly administrative fee: $21.05

An interest charge of 1.5% per month is added to invoices not paid by the due date. If your cheque is returned to us, a charge of $29.52 is added to your account balance.

For a complete listing of customer policies and rates, download our rate manual or download a copy of our service entrance standards.