Construction continues on the Site C dam project in northeastern B.C., with an estimated cost of more than $10 billion and completion expected in 2024. (B.C. Hydro)

NDP looks for ways to rein in B.C. Hydro rates

Internal review looks for cost cutting, new revenue sources

The B.C. NDP government’s first effort to slow down B.C. Hydro rates was rejected by regulators, and now they are trying again.

Energy Minister Michelle Mungall announced a two-part review of the provincially owned electrical utility Monday, after dam construction and deferred debt forced a three per cent rate increase in April. That followed a 3.5 per cent increase in 2017, part of the B.C. Liberal government’s 10-year rate plan.

RELATED: NDP’s BC Hydro rate freeze refused

Now an internal ministry team will seek ways to “refresh” the previous government’s rate plan, which was announced in 2013 and included increases totalling up to 28 per cent over five years.

RELATED: BC Hydro rate plan maps big increases

Premier John Horgan campaigned last year on a promise to freeze B.C. Hydro rates while a review of accumulated debt and major projects like the Site C dam on the Peace River were conducted. His government reluctantly decided to continue Site C, with cost estimated at more than $10 billion.

The B.C. Utilities Commission then refused B.C. Hydro’s application for a rate freeze in February.

The government intends to appoint an expert panel later this year. Its role is to “ensure B.C. Hydro is well positioned to maximize opportunities flowing from shifts taking place in the global and regional energy sectors, technological change and climate action,” according to a ministry statement.

Just Posted

Nearly 25,000 people cast ballots in Chilliwack

Turnout 10,000 votes higher than in 2014

Popove pledges to work hard as new mayor of Chilliwack

Ken Popove to take the helm from incumbent Sharon Gaetz

Chilliwack school board results reveal clear split

Incumbents Dan Coulter, Heather Maahs and Barry Neufeld join four new board members

Popove elected mayor in Chilliwack

Gaetz second, Waddington third; new faces on city council

Mayoral results from across B.C.

Voters in 162 municipalities in B.C. set to elect mayor, council, school board and more

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Fraser Valley man dead after head on crash in Okanagan

Accident occurred at about 7:35 a.m.

Newly-elected Lower Mainland mayor won’t drink his city’s tap water

White Rock’s Darryl Walker is concerned about its quality

Kennedy Stewart challenged with building bridges as mayor of Vancouver: expert

The former NDP MP, who ran as an Independent, will lead 10 councillors divided across four parties

B.C. Youtuber to seal himself ‘in a jar’ to demonstrate impacts of climate change

Kurtis Baute wants to see how long he can last in a 1,000 cubic foot, air-tight greenhouse

One of Taiwan’s fastest trains derails, killing at least 18

The train was carrying more than 360 people

Scheer marks one-year countdown to federal election with campaign-style speech

Conservative Leader insists that it will be Justin Trudeau who ‘makes it personal’

Canada Post union announces rotating strikes in four Canadian cities

Mail will still be delivered but it will be delayed

Vees notch up another win

Undermanned Vees take down league-leading Chilliwack Chiefs

Most Read