BC Hydro Applying for 23% Rate Increase
Coming April 1, 2024
Significant Increase Follows Years of Rate Hikes
The British Columbia Utilities Commission (BCUC) has received an application from BC Hydro for a 23% electricity rate increase, which would take effect on April 1, 2024. This substantial increase follows a series of rate hikes in recent years, with BC Hydro's cumulative customer rate increases totaling over the last three fiscal years.
The BCUC is responsible for setting electricity rates in the province, and will review BC Hydro's application before making a decision. The proposed increase is intended to cover the rising costs of providing electricity, including investments in infrastructure and renewable energy projects.
The impact of the rate hike will vary depending on the charging network used by customers. For up-to-date rates, it is recommended to consult with the partner network.
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