BC Hydro Applies for Modest Rate Increase in British Columbia

government says the province’s Crown power utility is applying for a 2.3-per-cent rate increase starting in April, adding about $2 a month to the average residential bill.It says rates are currently 15.6 per cent lower than the cumulative rate of inflation over the last seven years, starting in 2017-2018, and 12.4 per cent lower than the 10-year rates plan established by the previous government in 2013.

Energy Minister Josie Osborne says it’s more important than ever to keep electricity bills down as the cost of living rises at rates that are unsustainable for many.Charging rates for EVs set to increase in B.C. “Affordable, stable BC Hydro rates are good for people, businesses and climate as we work together to power our growing economy with renewable energy instead of fossil fuels,” Osborne says in a statement issued Monday.

Earlier this year, the ministry said BC Hydro provided $315 million in cost-of-living bill credits to families and small businesses in the province, including those who receive their electricity service from FortisBC or a municipal utility.What is caste discrimination? A closer look at new Ontario human rights ruling

Source: Energy Industry News (energyindustrynews.net)

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