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

Kaslo councillor admits to ‘baiting’ member of public in email exchange

Kaslo Village Council to consider adopting code of conduct

Unofficial holidays: Here’s what people are celebrating for the week of Sept. 27 to Oct. 3

World Farm Animals Day, Drink Beer Day and Virus Appreciation Day are all coming up this week

Two new COVID-19 cases reported in Interior Health

The total number of Interior Health cases since the beginning of the pandemic is now at 522

West Kootenay mother searching for son missing since Sept. 1

Police are investigating the disappearance of Cory Westcott

Students/staff evacuate Rossland Summit School due to smell of smoke

SD20 says students in different learning groups didn’t come in contact with each other in evacuation

No safe mask option for bearded members, RCMP says, but force is exploring solutions

RCMP says respirator not mandatory in all front-line situations, but sometimes needed to reduce risk

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

She warned her son about toxic drugs, then he was dead

Donna Bridgman’s son died at the age of 38 in Vancouver

B.C. food and beverage producers set record sales in 2019

Farmed salmon again leads international exports

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. marriage annulled because husband was unable to have sex with wife

Husband did not disclose any sexual health concerns to his wife prior to marriage

White Rock’s namesake spray-painted with Black Lives Matter slogan

Vandalism occurred sometime between Friday and Saturday

Most Read