Hydro rates going up, ‘but not 26%’

Energy Minister Bill Bennett has denied reports that BC Hydro rates are poised to go up more than 26 per cent in the next two years.

VICTORIA – Energy Minister Bill Bennett has denied reports that BC Hydro rates are poised to go up more than 26 per cent in the next two years.

Bennett was peppered with questions Wednesday after one of BC Hydro’s unions released an internal BC Hydro document suggesting a 19 per cent rate increase next year and another six per cent the following year. The compounding effect would produce an increase of 26.4 per cent over two years.

Bennett said the document was prepared for a ministry committee working with BC Hydro on electricity rates, and has been revised three times since the leaked version was created in August. He said the committee has found ways to reduce the rate increases needed to cover extensive construction and other costs for the utility, but he wouldn’t put a number on the prospective rate increases.

The work includes identifying 19 independent power projects whose power purchase agreements are to either be cancelled or deferred.

NDP energy critic John Horgan said BC Liberal interference has led to the current situation.

“Expensive private power contracts, billions in Hydro debt hidden in deferral accounts, a sidelining of the independent B.C. Utilities Commission, an 84 per cent cost overrun on the Northwest Transmission Line,” Horgan said. “There is no question that the Liberal government has mismanaged BC Hydro.”

Bennett acknowledged that the government’s 2011 intervention to cap rate increases below four per cent for two years has increased the pressure on today’s rates. BC Hydro had been proposing rate hikes of more than nine per cent for 2012 and 2013.

“I think we are feeling the impact of decades of difficult decisions by successive governments, Socreds, NDP, BC Liberal,” Bennett said. “All of us have difficulty looking the ratepayer directly in the eye and saying, by the way, we’re going to increase your rates by X.”

 

Just Posted

Marijuana to be legal in Canada Oct. 17: Trudeau

Prime Minister made the announcement during question period in the House of Commons

Re/Max of Duncan under new ownership

Former owner Cordell Ensign retiring

Ravens scrape together a championship team

BSB’s Haslam named league MVP

VIDEO: Ken Calder, Tony Feltrin honoured on Heritage Sports Wall of Fame

With stories, and a few laughs over old stories, two new names are added to the Lake Cowichan wall

Caps make a change in net, swap out forwards

Corson and Laroche out, Grant and McIntyre in

In reversal, Trump signs executive order to stop family separation

President had been wrongly insisting he had no choice but to separate families apprehended at border

UPDATED: Polygamous wife appeals conviction in B.C. child bride case

Emily Blackmore was found guilty of taking her underage daughter to U.S. to marry church leader

Marine trail planned for Discovery Islands

Agreements with First Nations vital for passage through traditional territories

B.C. sets deadline for Indigenous salmon farm consent

All 120 operations will need agreements by 2022, province says

Family of 4 from Oregon believed to be missing in northern B.C.

RCMP, Search and Rescue crews searching area where vehicle was abandoned

B.C. creates public registry to track real estate owners

The first registry of its kind in Canada aims to end the hidden property ownership

Police watchdog called to Kelowna after car destroyed in crash

A motor vehicle incident has closed Highway 33 in both directions

BC SPCA receives 400 reports of dogs in hot cars so far this year

Society is again urging people to leave their pets at home if they can’t keep them safe in the heat

8 B.C. communities rank as the friendliest in Canada

Eight B.C. communities can claim they are the friendliest in the country.

Most Read