B.C. power prices remain third lowest in North America

subscribe

VANCOUVER — A new independent report indicates that average electricity prices for residential customers in British Columbia remain the third lowest in North America, behind only Montreal and Winnipeg.

The average monthly residential bill in B.C. is about $40 lower than the average of the cities surveyed.

The Hydro-Quebec report also shows that B.C. has the fourth lowest rates in North America for commercial and large industrial customers.

Utilities across North America, including BC Hydro, continue to see increases in costs driven by the need to make substantial investments in aging facilities and infrastructure. The Province of B.C. and BC Hydro have introduced a 10-year plan to keep rates as low as possible while BC Hydro makes investments in aging assets and new infrastructure that support B.C.'s growing population and economy.

BC Hydro is forecasting expenditures, on average, of about $2 billion a year over the next 10 years to refurbish, upgrade, expand and add to its system of dams and wires — the generation, transmission and distribution assets that create and deliver electricity to B.C.'s homes, businesses and industry.

The report is compiled each year by Hydro-Quebec. The authors take a look at rates on April 1 each year.

Related News

toronto-power-outages-persist-for-hundreds-after-spring-storm

Toronto Power Outages Persist for Hundreds After Spring Storm

TORONTO - In the aftermath of a powerful spring storm that swept through Toronto on Tuesday, approximately 400 customers remain without power as of Sunday. The storm, which brought strong winds and heavy rain, led to significant damage across the city, including downed trees and power lines. Toronto Hydro crews have been working tirelessly to restore service, focusing on areas with the most severe damage. While many customers have had their power restored, the remaining outages are concentrated in neighborhoods where access is challenging due to debris and fallen infrastructure.

Toronto Hydro has assured residents that restoration efforts are ongoing…

READ MORE
us energy support

Energy Security Support to Ukraine

READ MORE

air pollution over LA

California's solar energy gains go up in wildfire smoke

READ MORE

solar-storage-cheaper-than-conventional-power

Solar Plus Battery Storage Cheaper Than Conventional Power in Germany

READ MORE

powerline workers

PG&E keeps nearly 60,000 Northern California customers in the dark to reduce wildfire risk

READ MORE