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BC Hydro cuts rates
The Canadian Press – 1 December 2020 / 17:09 | History: 318017
Photo: contribution
BC Hydro’s residential customers will receive a one-time $ 4 credit on average early next year on their bills to reflect a change to its rates.
The BC Utilities Commission has requested Hydro to modify its rate cut for 2020-21 to reflect last year’s results and its latest financial forecast.
This brought the decrease in the rate down to 1.62% from 1.01%.
The credit reflects the further decrease and is retroactive to 1 April.
BC Hydro says commercial customers will receive an average of $ 10 to $ 600 based on the size of the company, while industrial customers will receive up to $ 375,000.
Energy Minister Bruce Ralston says the government has focused on keeping BC Hydro’s rates affordable and the rate cut is the first in decades.
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