BC Hydro said the temporary hike would be mean about an extra four dollars a month per customer.

BC Hydro applies to raise rates by four per cent

Utility points to recent slump in commodity prices and a government plan to allow mines to defer electricity costs to keep running

BC Hydro applied Friday for an electricity rate increase of four per cent, starting April 1.

The utility said that would mean an extra four dollars a month for the average residential customer.

CEO Jessica McDonald said staff applied to the B.C. Utilities Commission to hike the rate for the next fiscal year because they need more time to update their forecasts in light of “recent events in the mining and LNG sectors.”

BC Hydro had planned to make a three-year rate application using government-mandated rate caps of four per cent this year, 3.5 per cent next year and three per cent in the following year.

McDonald said the next two years will still be within the government-directed caps, part of a 10-year rate plan that will turn the setting of rates back to the BCUC by 2020.

Energy and Mines Minister Bill Bennett recently announced a deferral program for mines, allowing them to put off paying their electricity bills to keep operating with low prices for metals and coal.

BC Hydro said it expects to continue to see an overall increase in demand for the next couple of decades.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Remembering Revelstoke Ski Club’s long history

The club continues today with more than 130 skiers

Glimpses of Revelstoke’s past for Jan. 16

First diesel train, bitterly cold weather and testing a magnetometer

Jocelyn’s Jottings: Scared by my latest hydro bill

Luckily I have set up an equal payment plan with BC Hydro… Continue reading

After cashing in on QB gambles, Chiefs and 49ers to clash in Super Bowl

KC beats Tennessee, San Francisco dispatches Green Bay to reach NFL title game

B.C. VIEWS: Few clouds on Horgan’s horizon

Horgan’s biggest challenge in the remainder of his term will be to keep the economy humming along

Kelowna’s Tess Critchlow gears up for World Cup at Big White

Critchlow is a professional snowboarder competing for Team Canada in the boardercross competition

Victoria family focuses on ‘letting go, enjoying time together’ after dad gets dementia

Walter Strauss has developed an interest in music and now takes line dancing classes

B.C. forest industry grasps for hope amid seven-month strike, shutdowns, changes

Some experts say this could be worse for forestry than the 2008 financial crisis

Northern B.C. RCMP investigating alleged sexual assault in downtown Smithers

One person was transported by ambulance to hospital following RCMP investigation at Sedaz

UBC, Iranian-Canadian community create memorial scholarship in honour of victims

The Jan. 8 crash killed 176 people, including 57 Canadians

Disrespectful that Horgan won’t meet during northern B.C. tour: hereditary chief

Na’moks said he was frustrated Horgan didn’t meet with the chiefs

Most Read