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

Castlegarians march against gun violence

Castlegarians showed their support for students in the U.S. speaking out against gun violence.

2017 year of change at Castlegar Library

Last year was a year of transition for the Castlegar District Public Library.

Local snowmobiling icon Davidoff remembered by his sister

Kelly Davidoff’s fond memories of brother Danny

Needles killer frightened many in our town: BC author

Roy Bugera disrupted life in a quiet Vancouver Island village before moving to Arrow Lakes

UPDATED: Castlegar Rebels lose playoff series to Nelson Leafs

The Castlegar Rebels lost their second-round playoff series against the Nelson Leafs on Monday.

Ottawa proposes restricted pot labels, packages

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

BCHL Today: Surrey Eagles in the driver’s seat and Ethan Martini takes a seat

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

New Liberal bill would tighten controls on sale, licensing of firearms in Canada

Measures are intended to assist police in investigating gun trafficking and other crimes

Murder charges upgraded for B.C. man accused of killing wife and daughters

Crown approved new information on Jacob Forman’s file

Janet Austin announced as B.C.’s new lieutenant governor

Austin has served as YWCA Metro Vancouver CEO since 2003

Ex-French president Sarkozy in custody on Gadhafi claims

Former French President Nicolas Sarkozy was placed in custody as part of an investigation that he received millions of euros in illegal financing

Hockey pioneer Kwong dies at 94

Vernon’s Larry Kwong was the first player to break NHL colour barrier in 1948

How Facebook likes could profile voters for manipulation

Facebook suspended Cambridge Analytica, a data-analysis firm worked for Trump’s 2016 campaign

Most Read