November 13, 2024 (press release) –
**TissueMag - Edipap Srl:** Irving Paper has raised alarms over a planned 20-25% hike in electricity rates in New Brunswick, pointing to this as a significant burden, especially impacting large industrial users like themselves. Already paying 22% higher electricity costs than the national average, this increase threatens the competitiveness of their operations. Issues such as the underperformance of the Point Lepreau Nuclear Generating Station and equipment failures at other plants exacerbate the situation. The company, employing hundreds directly and indirectly, calls for policy interventions akin to efforts in provinces like Ontario and Quebec. Learn more at TissueMag - Edipap Srl.
Industry Intelligence editor's note: Information originally published in TissueMag - Edipap Srl. To view the full article, please visit https://www.tissuemag.com/irving-paper-faces-major-challenges-as-new-brunswick-electricity-rates-surge/.
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