Something hinky’s going on with Hydro’s application to the Utilities Commission. Despite the claim by Michelle Mungall there’s going to be a ‘rate reduction for the first time in decades’, that is in fact a fallacy
So today, our provincial NDP government has announced that we will be paying ... less for electricity next spring if the BC Utilities Commission (BCUC) approves BC Hydro’s request for a decrease in rates . “ For the past two years, our government has been focused on making sure BC Hydro works for people again ,” said Michelle Mungall, Minister of Energy, Mines and Petroleum Resources. “ I am thrilled that BC Hydro is now able to apply for a rate reduction for the first time in decades. If approved by our independent regulator, lower rates would make life better and more affordable for British Columbians .” Here’s the thing though -- that decrease, if approved by the BC Utilities Commission, will be 1% beginning in 2021 ... but it will be followed by an INCREASE of two point seven percent (2.7%) in 2021 Then in 2022 Hydro has requested to reduce our rates, this time by by POINT three percent (0.3%) ... which will again be followed by another INCREASE of thr...