BC Hydro said the temporary hike would be mean about an extra four dollars a month per customer.

BC Hydro applies to raise rates by four per cent

Utility points to recent slump in commodity prices and a government plan to allow mines to defer electricity costs to keep running

BC Hydro applied Friday for an electricity rate increase of four per cent, starting April 1.

The utility said that would mean an extra four dollars a month for the average residential customer.

CEO Jessica McDonald said staff applied to the B.C. Utilities Commission to hike the rate for the next fiscal year because they need more time to update their forecasts in light of “recent events in the mining and LNG sectors.”

BC Hydro had planned to make a three-year rate application using government-mandated rate caps of four per cent this year, 3.5 per cent next year and three per cent in the following year.

McDonald said the next two years will still be within the government-directed caps, part of a 10-year rate plan that will turn the setting of rates back to the BCUC by 2020.

Energy and Mines Minister Bill Bennett recently announced a deferral program for mines, allowing them to put off paying their electricity bills to keep operating with low prices for metals and coal.

BC Hydro said it expects to continue to see an overall increase in demand for the next couple of decades.

Just Posted

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

Trudeau announces bioregional oceans protection agreement in Prince Rupert

Agreement announced in partnership with 14 central and north coast First Nations

115 new wildfires burning across B.C. due to 19,000 lightning strikes

More fires expected to start today, says BC Wildfire Service officials

Local artist Danika Naccarella commissioned to design artwork for Northern Sea Wolf

The Sea Wolf symbolizes family, loyalty and the protection of those travelling their waters.

‘Daddy bonus’ common in B.C. workplaces, study finds

UBC researchers say dads don’t have to be number one in the office to get a raise

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

Man shot dead in Surrey ID’d as hockey coach and father of two

Murder of Paul Bennett – a respected Peace Arch Hospital worker and ‘champion of sport’ – ‘not random’

Serial killer Robert Pickton transferred to Quebec: victim’s family

Pickton was convicted in December 2007 of six counts of second degree murder

Canadian Syrian children’s choir not to attend festival over fears about U.S. travel

Many kids are recent immigrants from countries covered by Trump travel ban

B.C. teacher ends Jeopardy! winning streak, taking home US$69,000

Ali Hasan, from New Westminster, has been gaining fans as a “one-man invasion,” says Alex Trebek

Jett Woo highlights 5 Canucks choices on Day 2 of NHL entry draft

WHL star out of Moose Jaw tabbed in Round 2

In a matter of hours, women in Saudi Arabia will be allowed to drive

Change was announced as a royal decree in 2017 by Crown Prince Mohammen bin Salman

Feds announce measures to protect endangered whale species

Canada’s Whale Initiative is part of the federal government’s $1.5 billion Ocean Protection Plan

Most Read