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

Coastal GasLink gets interim injunction against Unist’ot’en

The LNG pipeline company can start work Monday with enforcement approved by court.

Smithers Christmas Bird Count

Time to register for the annual bird count, an effort done across the hemisphere.

They’re engaged!

Birthday party turns into engagement party for Doug and Matilda

Hampers a chance to help in the Christmas spirit

SCSA sends around 350-400 hampers to the area from Witset to Telkwa.

Volunteers create Christmas magic at Santa’s Breakfast

PHOTOS: For the past 19 years, a local event helped remind us that Christmas is a time of giving.

Trudeau to make it harder for future PM to reverse Senate reforms

Of the 105 current senators, 54 are now independents who have banded together in Independent Senators’ Group

Man dies after falling from B.C. bridge

Intoxicated man climbed railing, lost his balance and fell into the water below

B.C. animation team the ‘heart’ of new ‘Spider-Man: Into the Spider-Verse’

The animators, largely based in Vancouver, ultimately came up with a creative technique that is drawing praise

Light at the end of the tunnel for UN climate talks

Meeting in Katowice was meant to finalize how countries report their emissions of greenhouses gases

Janet Jackson, Def Leppard, Nicks join Rock Hall of Fame

Radiohead, the Cure, Roxy Music and the Zombies will also be ushered in at the 34th induction ceremony

Supreme Court affirms privacy rights for Canadians who share a computer

Section 8 of the Charter of Rights and Freedoms protects Canadians against unreasonable search and seizure

B.C. fire chief pleads with Ottawa for traumatic stress support

Campbell River fire chief Thomas Doherty presented concerns to federal government

‘I practically begged’: Kootenay woman with breast cancer denied referral to Calgary

Breast cancer patient left to fight disease alone after being denied referral to Calgary

21 detained before Paris protests as police deploy in force

There was a strong police presence outside the central Saint Lazare train station, where police in riot gear checked bags

Most Read