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.”

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Work begins on Otter Point Road project in Sooke

The project now has a fall completion date following a long delay

First Nation dispute closes part of school parking lot in Sooke

T’Sou-ke’s George family now in negotiation with School District

Life complicated when water not secure

Water issues have real-life impacts in Sooke Region

North Saanich’s Deep Cove Market up for sale for almost $1.8 million

Long-time owner Rosemary Scott hopes the public will understand her decision

Saanich dog walkers react to potential review of bylaws allowing off-leash dogs on beaches

Focus should have remained on migratory birds, not on dog behaviour, says Cadboro Bay dog walker

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Toffoli scores OT winner as Canucks beat Habs 4-3

Demko makes 37 saves for Vancouver

Private clinics would harm ‘ordinary’ people using public system in B.C.: lawyer

Health Minister Adrian Dix announced in 2018 that the government would begin to fine doctors $10,000

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

Child in hospital following fatal crash that killed father, sibling on B.C. highway

The single vehicle crash occured near Kamloops on Highway 5A

‘Die!’: Vernon councillor mailed death threat

This story contains information that might be sensitive to some readers

Hidden message connects Castlegar homeowners decades apart

The Rodgers family was surprised when a message fell out of the walls as they were renovating

Two B.C. men plead guilty to bus-terminal assault of man with autism in Ontario

Parmvir Chahil and Jaspaul Uppal due to be sentenced in June for aggravated assault

Most Read