NDP follow through with BC Hydro rate freeze

By Greg Fry
November 8, 2017 - 2:24pm

KAMLOOPS — BC Hydro rates won't be going up any time soon.

B.C.'s NDP government is following through on a commitment it made during last spring's provincial election campaign to freeze them.

The decision to do so ends years of increases by the previous BC Liberal government.

"BC Hydro rates have gone up by more than 24 per cent in the last four years, and by more than 70 per cent since 2001," the province says in a news release, noting that in 2016, BC Hydro had applied to the BC Utilities Commission for three years of increases, with a three per cent hike planned for next year.

The government says the rate freeze will provide it time to undertake a comprehensive review of BC Hydro.

It says that review will identify changes and cost savings to keep rates low. Following the review, it says any cost and revenue adjustments identified will be reflected in rates starting in April 2019.

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