BCUC reduces BC Hydro rates
The 2011-12 increase will stay at eight percent as previously directed by the BCUC on an interim basis and implemented by BC Hydro on May 1. For 2012-13, rates have gone up by 7.1 per cent, allowing BC Hydro to pay down its deferral and regulatory accounts at an accelerated pace. This increase was also recommended by the BCUC and put in place on April 1, 2012. An average household has seen bills change by about $5.40 per month.
On April 1, 2013, rates will be kept to a minimum, rising by only 1.44 per cent or $1.20 for an average monthly bill. The total rate increase over three years will be about 17 per cent, ensuring that British Columbian families pay among the lowest electricity rates in North America.
The provincial government and BC Hydro have achieved this rate reduction by lowering BC HydroÂ’s costs and by the Province forgoing $75 million in dividends over three years.
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Yet another Irish electricity provider is increasing its prices
DUBLIN - ELECTRIC IRELAND has announced that it will increase its household electricity prices by 4% from 1 February 2018.
This comes just a week after both Bord Gáis Energy and SSE Airtricity announced increases in their gas and electricity prices.
Electric Ireland has said that the electricity price increase is unavoidable due to the rising wholesale cost of electricity.
The electricity provider said it has no plans to increase residential gas prices at the moment.
Commenting on the latest announcement, Eoin Clarke, managing director of Switcher.ie, said: “This is the third largest energy supplier to announce a price increase…
