B.C. power prices remain third lowest in North America
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
Saskatchewan to credit solar panel owners, but not as much as old program did
REGINA - Saskatchewan has unveiled a new program that credits electricity customers for generating their own solar power, but it won’t pay as much as an older program did or reimburse them with rebates for their costs to buy and install equipment.
The new net metering program takes effect Nov. 1, and customers will be able to use solar to offset their own power use at the retail rate.
But they will only get 7.5 cents per kilowatt hour credit on their bills for excess energy they put back into the grid, rather than the 14 cents in the previous program.
Dustin Duncan,…
