Friday, December 9, 2022
HomeLocal NewsB.C. Hydro rates decrease April 1, 2022 with possible increases for the...

B.C. Hydro rates decrease April 1, 2022 with possible increases for the next two years

An interim approval was given to B.C. Hydro to electricity bills by an average of 1.4 per cent as of April 1.

In a B.C. Hydro news release, B.C. Hydro The decrease comes as part of a three-year application that would mark a period of the “lowest rate increases in B.C. over the past 15 years.”

On April 1, the application would decrease the rate by 1.4 percent, then climb by 2% and 2.7 percent on April 1, 2023 and 2024, respectively. Over the three-year period, the rate changes would result in an average rise of 1.1 percent.

“Affordability is our government’s top priority, and we continue to work with B.C. Hydro to keep electricity rates competitive and affordable for British Columbians,” said Energy Minister Bruce Ralston.

“In the B.C. Hydro Review, we identified several recommendations to ensure British Columbians have access to tools to help keep their bills low, and we’re actively implementing those recommendations.”

Only the rate decrease for 2022 has received interim approval so far, while decisions on the 2023 and 2024 increases are still up for discussion.

“We’re proud of our legacy in B.C. of delivering clean, reliable power safely while maintaining some of the lowest rates in North America,” said B.C. Hydro president Chris O’Riley.

“We have the third lowest rates on the continent and are committed to keeping rates affordable as move forward in encouraging British Columbians to switch to clean hydroelectricity from fossil fuels to reduce carbon emissions in our province.”

We’re asking readers, like you, to make a contribution in support of BC Rise's fact-based, independent reporting.

Unlike the mainstream media, BC Rise isn’t getting a government bailout and fully independent. Instead, we depend on friendly support of Canadians like you.

A media outlet cannot remain neutral and fair if they have special beneficiaries or government handouts.

This is why independent media in Canada is more important than ever. If you’re able, please make a donation to BC Rise today. Thank you so much.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular