Dave Cobb is president and CEO of BC Hydro.

Electricity users in for regular rate jolts

Bills projected to rise 10 per cent each year

Expect to see your household’s monthly electricity bill climb $7 in each of the next three years.

BC Hydro is now projecting a series of rate increases that will raise a typical monthly residential bill by $21 – a nearly 30 per cent jump from $71 to $92 – by 2013.

The Crown corporation needs to raise $6 billion to upgrade aging power stations, transmission lines and the Vancouver city centre transmission system.

“To pay for these much-needed projects, we need to increase rates, while still looking at every way to keep them among the lowest in North America,” BC Hydro president and CEO Dave Cobb said in a statement Dec. 2.

The planned hikes mean a typical home will pay about $250 more in 2013 than it did this year.

B.C. Public Interest Advocacy Centre executive director Jim Quail said the rate increases are likely to continue indefinitely, with electricity bills doubling about every eight years.

“There’s no end in sight,” he said. “A number of their projections are probably optimistic. We think If anything it’s conservative.”

The much higher cost of modern power infrastructure compared to the dams built in the 1960s is the main reason.

But Quail also blames policy decisions like buying higher priced “clean” electricity from run-of-river power plants and the move to install smart meters in every home, which he predicts will be a billion-dollar boondoggle rather than an investment paying off in conservation.

For now, Hydro customers may see some short-term rate relief.

The utility had raised rates 9.3 per cent on an interim basis last April, but regulators at the B.C. Utilities Commission have ruled only a 7.29 per cent increase was justified. Customers should get the difference refunded in early 2011.

Just Posted

Princeton – take a lesson from Penticton’s tragedy

What is there to say? Anyone following the headlines over the past… Continue reading

Penticton Speedway revved up to celebrate 50 years

The season will see go-carts and new races in part of its 50th anniversary

Okanagan-Shuswap weather: Sun makes way for rain clouds

Environment Canada is forecasting a mixed bag of conditions

Mounties identify woman found dead on Kelowna beach

“Our investigators do not believe criminality was involved.”

Hundreds join in Easter Fun Days in Keremeos

Kids and parents enjoyed some free family fun time at Don and Anna’s in Keremeos.

Homeless activists outside Notre Dame demand ‘a roof too’

Wealthy people have donated millions to effort to rebuild cathedral after devastating fire

South Okanagan community bands together on social media after shootings

Many in Penticton have turned to social media to express their condolences

Pacific Poke bowl lovers can get a free taste at the restaurant’s ‘Grand Opening Event’

The restaurant will offer some of its specials Thursday evening at its Kelowna location

PHOTOS: Green Party Leader Elizabeth May says ‘I do’ on Earth Day

May and John Kidder got married Monday morning in Victoria

Okanagan resort seeking connnection to rail trail

Predator Ridge Resort slated to present wish for trail from resort to ORT to Vernon council

South Okanagan society looking to bring new racing event to their park

The Desert Park Exhibition Society board is looking into hosting another major event

Youth Shelter Fundraiser encourages kids to play for a good cause

The fundraiser takes place April 27 at the EnergyPlex

Okanagan power outage scuttles – but not ruins – city’s mission’s Easter meals

Vernon’s Upper Room Mission will serve Easter dinner a day later due to downtown power outage

Waterway Houseboats wins $2 million for damages caused in 2012 flood

Houseboat company wins lawsuit involving Province of British Columbia, District of Sicamous

Most Read