B.C. Hydro Rate Hikes Expected
By 250 News
Wednesday, March 03, 2010 03:15 PM
Prince George, B.C.- B.C. Hydro is waiting to hear if its request to boost hydro rates by 9% this year will be approved.
If given the approval, you can expect it to be the first of a series of hikes that will eventually see you paying as much as 33% more for electricity.
In the Provincial budget released this week, the government predicted a 6% hike in hydro rates for 2011, a further 12% in 2012 and another 6% in 2013. Add that to the 9% requested for this year, and the rates would be 33% higher in 2013 than they are today.
B.C. Hydro says the increases are necessary to upgrade aging infrastructure.
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