Dave Cobb is president and CEO of BC Hydro.

Electricity users in for regular rate jolts

Bills projected to rise 10 per cent each year

Expect to see your household’s monthly electricity bill climb $7 in each of the next three years.

BC Hydro is now projecting a series of rate increases that will raise a typical monthly residential bill by $21 – a nearly 30 per cent jump from $71 to $92 – by 2013.

The Crown corporation needs to raise $6 billion to upgrade aging power stations, transmission lines and the Vancouver city centre transmission system.

“To pay for these much-needed projects, we need to increase rates, while still looking at every way to keep them among the lowest in North America,” BC Hydro president and CEO Dave Cobb said in a statement Dec. 2.

The planned hikes mean a typical home will pay about $250 more in 2013 than it did this year.

B.C. Public Interest Advocacy Centre executive director Jim Quail said the rate increases are likely to continue indefinitely, with electricity bills doubling about every eight years.

“There’s no end in sight,” he said. “A number of their projections are probably optimistic. We think If anything it’s conservative.”

The much higher cost of modern power infrastructure compared to the dams built in the 1960s is the main reason.

But Quail also blames policy decisions like buying higher priced “clean” electricity from run-of-river power plants and the move to install smart meters in every home, which he predicts will be a billion-dollar boondoggle rather than an investment paying off in conservation.

For now, Hydro customers may see some short-term rate relief.

The utility had raised rates 9.3 per cent on an interim basis last April, but regulators at the B.C. Utilities Commission have ruled only a 7.29 per cent increase was justified. Customers should get the difference refunded in early 2011.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Squabble between campers in North Shuswap leads to bear spraying

An argument over late night partying escalated into a fight which led to one person being sprayed

RCMP report a violent attack on a woman in the North Shuswap

Woman beat up on side of road in Scotch Creek, perpetrator fled

Recycling depot at Salmon Arm landfill back in operation

Full bins and a lack of bags led to two service disruptions in the month of May

Public workers step up for Shuswap non-profits

$5,000 donation to be divided among Salmon Arm, Sicamous, Enderby support groups

Habitat for Humanity plans for Salmon Arm ReStore slowed by pandemic

Kamloops organization says project still alive but has slowed to a crawl

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group

Only B.C.’s social, health and corrections workers are eligible for top-ups

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Penticton may soon allow drinking alcohol in some public places

Trying to inconspicuously drink on the beach could become a thing of the past

VIDEO: Flowers stolen from Vernon distillery

Okanagan Spirits Craft Distillery captured surveillance footage of the thief in a black car

Unique ‘the Wedge’ development makes way back to Kelowna council

Council initially deferred its decision on the project in March

North and Central Okanagan on flood watch

Kalamalka Lake is close to capacity, and much of North and Central… Continue reading

Nanaimo senior clocked going 50 km/hr over limit says her SUV shouldn’t be impounded

RCMP say they can’t exercise discretion when it comes to excessive speeding tickets

Duck nests at North Okanagan drive-thru

Mother has hatched four ducklings just inches from the steady stream of vehicles

Most Read