B.C. Hydro to lower power rates 1.4 per cent April 1

Mar 31, 2022 | 2:28 PM

B.C. Hydro customers will see their electricity bills reduced by an average of 1.4 per cent starting April 1.

The decrease comes following interim approval by the B.C. Utilities Commission.

The Crown Corporation is lowering the fees as part of a three-year rate application which, if fully approved, will mark a period of the what B.C. Hydro has called the “lowest rate increase over the past 15 years.”

The commission has granted interim approval for the rate change for the first year, and the decision on the application is expected in the coming months.

“Affordability is our government’s top priority, and we continue to work with BC Hydro to keep electricity rates competitive and affordable for British Columbians,” said Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation.

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“In the BC Hydro Review, we identified several recommendations to ensure British Columbians have access to tools to help keep their bills low, and we’re actively implementing those recommendations.”

B.C. Hydro says they have also requested an annual average bill increase of 1.1 per cent over the three-year period. The decisions of those rate increase requests are expected to be made in the coming months.

As of the time of publication, British Columbians are expected to see their electricity bills decrease by an average of 1.4 per cent April 1, 2022, but there will be a two per cent increase coming in 2023, followed by a 2.7 per cent increase in 2024.

by Liam Verster

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