With inflation skyrocketing on everything from gas to meat, one part of your life will be going down, according to BC Hydro.
Starting April 1, electricity bills for BC Hydro customers will be reduced by an average of 1.4%, following interim approval by the BC Utilities Commission, said a news release.
The rate decrease is part of a three-year rate application that, if approved, marks a period of the lowest rate increases in B.C. over the past 15 years, said BC Hydro.
The commission has granted interim approval for the rate change for the first year, said a news release, and a decision on the application is expected in the coming months.
BC Hydro applied to the commission for the rate change last September as part of a three-year revenue requirements application. BC Hydro requested an annual average bill increase of 1.1% over the three-year period.
- April 1, 2022: decrease of 1.4%
- April 1, 2023: increase of 2%
- April 1, 2024: increase of 2.7%
