BC Hydro rates going up more than 8% over the next 5 years

BC Hydro customers can expect increased rates over the next five years.

As of April 1st, residents can expect a 1.8 percent increase in their bills until March 31st, of 2020.

Payments will be an additional $1.63 per month.

Over the next five years, the total increase is expected to be 8.1 percent.

A report from the NDP government stated that BC Hydro customers will have to pay $16 billion over the next twenty years.

The Crown utility was allegedly pressured by the former Liberal government to work with independent power producers.

The report also went on to say that BC Hydro had to sign contracts with these private producers, which led to restricted long-term contracts and inflated prices.

Sharon Vanhouwe
Sharon Vanhouwe
News Director

Continue Reading

cjsu Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Youth plaintiffs testify as historic climate trial gets underway in Vancouver

Youth and experts from across Canada are testifying this week as a historic youth-led climate trial gets underway in Vancouver.

B.C. NDP to appoint new interim leader after election defeat

The B.C. NDP caucus is regrouping after a major election defeat and is expected to choose an interim leader this week.

Vancouver Island dog rescuer dies in Ukraine

Jesse Adams, a Sooke animal rescuer who helped evacuate animals from communities threatened by the war in Ukraine, has died.

Island RCMP calls transition to Next Generation 9-1-1

The B.C. RCMP is moving to a new emergency communications system, with the transition replacing aging infrastructure to meet a federal mandate.

BC Ferries replaces CEO as board launches system review

BC Ferries has replaced CEO Nicolas Jimenez as its board launches a review aimed at improving ferry services across the province.
- Advertisement -