Nova Scotia Tory leader would freeze power rates

Baillie would also scrap fuel adjustment mechanism, delay renewables deadline.

HALIFAX — Nova Scotia’s Progressive Conservative party says it would freeze power rates for five years within the first 100 days of its mandate.

Leader Jamie Baillie says he would quickly introduce legislation to freeze rates and would buy renewable energy within those rates.

Baillie says he would scrap the fuel adjustment mechanism so that Nova Scotia Power would have to absorb cost increases of fuel used to run the company’s generating plants.

He says the Tories would delay the province’s renewable energy deadline by five years, creating big savings for the utility.

The Liberal party has said it would break Nova Scotia Power’s monopoly if elected on Oct. 8.

NDP Premier Darrell Dexter has committed the province to getting 40 per cent of its electricity from renewable resources by 2020.

© 2013 The Canadian Press