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

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