Nova Scotia Power is once again planning to raise your power bill.

They’re going to ask the Nova Scotia Energy Board for a 2.1 percent increase in both 2026 and 2027 for all customer classes.

Residential rates would go up 4.1 percent each year.

In a release, the utility says they’re focused on investments to strengthen the province’s electrical grid.

The proposed hike comes after a settlement with customer representatives, involving six months of discussions.

It would also help fund the first two years of Nova Scotia Power’s $1.3 billion five-year reliability plan.

The company says it strikes a balance of affordability and investing in the grid.

The utility plans to submit the application later this month.