BC Hydro will apply for a one-year, interim 4 percent rate increase.
CEO Jessica MacDonald says the utility will make the application to the BC Utilities Commission later today.
“This rate increase of 4 percent is completely consistent with the ten-year rate plan which was introduced by government in 2013, and it represents year three of that ten-year plan.”
“We had initially planned to file a three-year application covering years three to five of the plan, however we’re going to ask for an interim rate increase for just this one year while we rework our forecast.”
BC Hydro’s original plan was to make a three-year application for an increase of between three to five percent, but they want more time to re-work their forecasts.
BC Hydro expects to make it’s three-year application within the next few months.
NDP Energy critic says rates will keep rising
NDP Energy Critic Adrian Dix says what British Columbians are paying for Liberal Energy government’s mistakes.
Dix says BC Hydro is being used to protect the government, not the people.
“People are paying 28% now in this period, and 28% after they were told by the premier at the time on the last election that the increase would be nothing like that.”
He says the government should’ve respected the British Columbia Utilities Commission process.
Dix says people will be left struggling to pay their bills.