BC Hydro said the temporary hike would be mean about an extra four dollars a month per customer.

BC Hydro applies to raise rates by four per cent

Utility points to recent slump in commodity prices and a government plan to allow mines to defer electricity costs to keep running

BC Hydro applied Friday for an electricity rate increase of four per cent, starting April 1.

The utility said that would mean an extra four dollars a month for the average residential customer.

CEO Jessica McDonald said staff applied to the B.C. Utilities Commission to hike the rate for the next fiscal year because they need more time to update their forecasts in light of “recent events in the mining and LNG sectors.”

BC Hydro had planned to make a three-year rate application using government-mandated rate caps of four per cent this year, 3.5 per cent next year and three per cent in the following year.

McDonald said the next two years will still be within the government-directed caps, part of a 10-year rate plan that will turn the setting of rates back to the BCUC by 2020.

Energy and Mines Minister Bill Bennett recently announced a deferral program for mines, allowing them to put off paying their electricity bills to keep operating with low prices for metals and coal.

BC Hydro said it expects to continue to see an overall increase in demand for the next couple of decades.

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

Just Posted

Okanagan temperatures to be in the double digits all week

Kelowna’s forecast projects a high of 17 degrees on Thursday

Shuswap residents invited to show white heart in support of health-care workers

Emailed messages will be posted at Shuswap Lake General Hospital

Salmon Arm Silverbacks remember Humboldt Broncos on anniversary of fatal crash

Sixteen people killed, 13 injured after semi collided with team bus on April 6, 2018

Immunocompromised, at risk Shuswap residents keeping their distance

Family of young heart transplant recipient, asthma sufferer share how they’re coping

Salmon Arm beats Vernon in BCHL video final

Silverbacks to meet Cowichan Valley Capitals in league’s simulated video Fred Page Cup final

WATCH: Kelowna songwriters release health care workers video tribute

The couple recently asked for selfies from frontline workers to include in the music video

B.C. clears more acute hospital beds as COVID-19 case growth slows

Province holding about 40% of beds empty for peak still to come

Spike of visitors to Princeton-area stressing grocery supply chain and healthcare teams

‘We are really not set up to have this many people at this time of year.’ Area H Director Bob Coyne

Summerland to offer mental health webinar

Event will examine ways of coping during COVID-19 pandemic

Okanagan tourism continues to suffer following COVID-19 pandemic

The District of Lake Country voted to suspend tourism on March 31

Van crashes into Kamloops home

Police say the driver went into medical distress before the crash

Kelowna RCMP seizes guns, illicit drugs following disturbance

RCMP seized three firearms and a variety of suspected illicit and prescription drugs

West Kelowna birthday parades cancelled, Easter drive-by egg hunt still on

West K Party Parades made the decision to keep community safe

Most Read