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

Pacific Coastal Airlines in the hot seat at council meeting

Boothroyd noted Pacific Coastal Airlines “Give is larger than the size of our footprint.”

Ocean expedition explores never-before-seen depths on B.C.’s Central Coast

The expedition visited Bella Bella on their Central Coast route

North Island author Lucy Haché to launch second book at Café Guido in Port Hardy

‘Lucy Haché is a writer and adventurer of First Nations/Métis and Scottish/Irish descent’

North Island Farmers’ Market named Farmers Market of the Year!

The North Island Farmers’ Market Association takes home BC wide award.

Ottawa proposes restricted pot labels, packages

Packaging will include red stop sign with marijuana leaf and ‘THC’

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Golden Knights win 4-1, remain undefeated against Canucks

Vegas gets points from 12 players in dominating effort versus Vancouver

Alberta budget plans for Trans Mountain expansion

Finance Minister Joe Ceci says expected revenues will be factored into budget forecasts

Rescued Comox canoer credits those ‘at the right place, at the right time’

James Milne was rescued in a hypothermic state Sunday near Goose Spit

Proposed gun bill attacked by gun owners and shooting victims

The federal government tabled the bill today in order to tighten the sale and tracking of firearms

New anti-radicalization centre in the works for B.C.

Centre aims to help ‘vulnerable individuals on the path to radicalization’ before they turn to crime

B.C. bravery, public service honoured by Governor General Julie Payette

UVic basketball coach Kathryn Shields inducted into Order of Canada

Most Read