BC Hydro president Chris O'Riley says the rates application would keep electricity costs in the province among the lowest in North America while supporting investments in clean energy to power vehicles, homes and businesses.The British Columbia government says the province’s Crown power utility is applying for a 2.3-per-cent rate increase starting in April, adding about $2 a month to the average residential bill.
It says rates are currently 15.6 per cent lower than the cumulative rate of inflation over the last seven years, starting in 2017-2018, and 12.4 per cent lower than the 10-year rates plan established by the previous government in 2013. Chris O’Riley, president of BC Hydro, says the rates application would keep electricity costs in the province among the lowest in North America while supporting investments in clean energy to power vehicles, homes and businesses.