BCUC issues ruling on F2013 interim rates
February 16th, 2012
February 16, 2012
BCUC issues ruling on interim rates
The BC Utilities Commission (BCUC) issued a decision on February 15 regarding BC Hydro’s rate application which confirms an interim 3.91 per cent rate increase for the next fiscal year as applied for by BC Hydro. The decision also orders an interim increase to BC Hydro’s current rate rider of 2.5 per cent to 5 per cent. With compounding, the net annual bill impact for customers is a 7.07 per cent increase. These changes will be reflected on bills effective April 1, 2012.
For the average residential customer, BCUC’s decision on the rate rider translates into an overall increase of about $5 per month on the current rate, compared to an overall increase of $3 per month on the current rate requested by BC Hydro.
These decisions are part of the ongoing review process that will ultimately determine BC Hydro’s rates for the three fiscal years from 2012 to 2014.
About the BC Hydro rate rider:
About the Updated Application:
About BC Hydro
Fifty years ago, British Columbians turned to BC Hydro to build the clean electricity system they count on to power B.C.'s economy, create jobs in every region, and keep the lights on. Now, BC Hydro is building again for the next 50 years. B.C. continues to grow and so has the need for more electricity. That’s why BC Hydro is building and renewing electricity infrastructure, and encouraging conservation to meet today’s needs and those of future generations.
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