Small new charge on BC Hydro bills goes toward new crisis fund

The new fund aims to help customers who find themselves in financial emergencies

A tiny new charge on BC Hydro bills is turning heads, earmarked for a new crisis fund that helps British Columbians pay their utility bill in times of financial struggle.

As of June 1, B.C. residents have been charged a levy of 0.82 cents per day, plus five per cent GST.

That amounts to roughly 25 cents per month, or $3 per year.

BC Hydro says the new crisis fund, which is a three-year pilot project, was ordered and then approved by the B.C. Utilities Commission (BCUC).

On March 29, BC Hydro announced a new crisis fund would be created, while it was awaiting the commission’s approval.

At the time, the Crown corporation said it would be investing $10 million towards it low income programs.

According to a BCUC report, the program was anticipated to cost $600,000 to set up, with an annual cost of $900,000 to operate.

The Crown corporation’s goal is to collect $5 million per year and dole it out to eligible customers to the tune of $600 maximum for electricity-heated homes and $500 for non-electricity-heated homes, it said on its website.

The funds will be extended to customers on a per-needs basis, but is available to all residential customers who are facing a temporary financial emergency, regardless of income or whether the person is receiving other forms of assistance.

Not everyone happy with new program

Although less than a penny per day, social media users are voicing their frustration with yet another charge in an increasingly expensive world.

According to 2016 statistics, at any one time about seven per cent of Hydro’s 1.8 million residential accounts are in arrears 30 days or greater.

Based on that, the utilities commission said it anticipates Hydro will receive 12,600 applications a year for the crisis fund, of which about 8,400 will most likely be approved.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Hot weather returning to Chilliwack

Temperatures expected to climb into the low 30s starting Sunday

UPDATE: Abbotsford police seek info from public after man, 32, found dead

IHIT identifies victim as Sukhpreet Grewal, who they say was known to police

VIDEO: Near drowning captured on Vedder River in Chilliwack

Search and Rescue manager says the popular pastime of floating down river is inherently dangerous

Habitat for Humanity says it owes no money to former CEO

Upper Fraser Valley branch responds to wrongful dismissal lawsuit

City hall taps out on decade-long resistance to MMA in Chilliwack

Official sanctioning under B.C. Athletic Commissioner helped change minds

Here’s what you need to know about Day 2 at the BC Games

From equestrian to volleyball to swimming, all 18 events in full swing here in the Cowichan Valley

PHOTO GALLERY: BC Games Day 2

A brief look at action from the 2018 BC Summer Games in the Cowichan Valley

ZONE 3: Luck played no part in getting Riley Ward to the BC Games

Langley baller flouts misfortune on the floor; he’d rather get by on hard work

BC Wildfire update on 14 major Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

Combined 584g of cocaine, fentanyl and meth found in Abbotsford home

Charges pending against a man and a woman after police execute search warrant on Larch St. home

2017 wildfires give B.C. mom chance to say thank you to officer who saved her son

An unlikely encounter in the rural community of Likely, near Williams Lake

UPDATED: Kinder Morgan pipeline protesters defy eviction order

Demonstrators at Camp Cloud in Burnaby say they won’t leave, but will meet with city officials

B.C. tent city camper arrested for taking coins from fountain

The man, who built a shelter at a Saanich park, says homeless people are unfairly targeted

Ex-Raptor DeMar DeRozan says goodbye to Toronto on Instagram

The guard was traded to the San Antonio Spurs earlier this week for Kawhi Leonard and Danny Green

Most Read