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.”

 

Just Posted

‘Crazy 8’s,’ Panthers win again

Game kicked off with an on-ice ceremony featuring 98-year-old WWII veteran Commander Peter Chance

BC Ferries passengers wait to leave Vancouver Island after Remembrance Day

Traffic aboard BC Ferries slows after Remembrance Day long weekend

City of Victoria passes new cannabis retail bylaw

The bylaw is an update to the city’s previous bylaw, which was instated in 2016

‘Spread love’: UVic Pride replaces white supremacy posters in Victoria

Around 50 people walked through downtown on Nov. 12 to share posters of love

Victoria libraries choose quirky books to keep everyone entertained

Comics, spoofs, and off-beat hobbies among popular selections

VIDEO: Amazon to split second HQ between New York, Virginia

Official decision expected later Tuesday to end competition between North American cities to win bid and its promise of 50,000 jobs

Search and rescue piggybacks plucky injured senior out of Vancouver Island woods

Rescue crews don’t have same success with dog swept away by Comox Valley river

Canada Post no longer guarantees delivery times amid more rotating strikes

The Canadian Union of Postal Workers closed two major processing centres in Ontario and B.C.

B.C. city councillor resigns as AutismBC director amid SOGI controversy

AutismBC president Gary Robins says Laurie Guerra’s resignation is effective Nov. 12

McGill students vote overwhelmingly to change Redmen team nickname

Student union held a referendum after a campaign by Indigenous students

B.C. to invest $492 million in affordable homes

72 new projects are part of a 10-year, $1.9-billion strategy

Around the BCHL: Surrey Eagles sliding and Cassidy Bowes flows

Around the BCHL is a look at what’s happening in the league and around the junior A world.

Pit bull cross, chihuahua owners must split costs for dogfight damage, judge rules

Eac side responsible for $577.43 towards injuries in Comox Valley incident

Most fatal overdose victims did not have recent police contact: Stats Canada

11 per cent of those who fatally overdosed in B.C. had four or more contacts with the police

Most Read