B.C. residents and businesses get break on electricity bills for three months
VICTORIA -
B.C. residents who have lost their jobs or had their wages cut will get a three-month break on BC Hydro bills, while small businesses are also eligible to apply for similar relief.
Premier John Horgan said Wednesday the credit for residential customers will be three times a household’s average monthly bill over the past year and does not have to be repaid as part of the government’s support package during the COVID-19 pandemic.
He said small businesses that are closed will not have to pay their power bills for three months and large industrial customers, including those operating mines and pulp mills, can opt to have 50 per cent of their electricity costs deferred.
BC Hydro rates will be cut for all customers by one per cent as of April 1 after the B.C. Utilities Commission provided interim approval of an application the utility submitted last August.
Eligible residential customers can apply for bill relief starting next week and small business applications will be accepted as of April 14, with the deadline for both categories set at June 30.
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The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
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