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.

BC legislatureBCHydro

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

No bucks for Ellison park expansion, ministry tells Vernon chamber

Vernon Chamber of Commerce vows to help government connect with potential funding partners to see Chelsea Estate purchased

COVID-19: Vernon fields and courts ready for booking

Local sport organizations will soon be able to get back out on the field for limited activities

$500 fine for Vernon man caught near Coldstream playground

Richard Slobodian, 58, served one night in jail and ordered to pay for breaching probation

Vernon firefighters showcase new rescue equipment

New tools helping VFRS make safer, swifter and more versatile rescue operations

House arrest for Vernon physiotherapist guilty of sexual assault

Stephen Witvoet to serve 18-month conditional sentencing following July 8 hearing

B.C. identifies 20 new COVID-19 cases, travellers specified in count

Pandemic total 3,028 cases, 51 people from outside Canada

Kelowna taxpayers could pay $90K for losses caused by cancelled Memorial Cup

$135,000 would be put aside for a potential bid for a future opportunity to host the tournament

Canadian policing organization calls for decriminalization of simple illicit drug possession

Canadian Association of Chiefs of Police want policing focus of opioid crisis to be replaced with a health one

Motorcycle rider seriously injured in collision with vehicle on Highway 97 west of Pritchard

Chase RCMP report that motorcycle was attempting to pass when crash occurred

Predator mutilated cats in Kelowna: BC SPCA

The BC SPCA confirmed a mutilated cat was killed by a predator

LETTER: Former Summerland mayors speak out on solar project

Five former Summerland mayors sign name to short letter

Emergency crews conduct CPR on unresponsive person in Okanagan Lake

West Kelowna emergency crews are on scene at the shores of Jubilee Mobile Home Park

Filing deadline in RCMP sexual-harassment class-action extended due to COVID-19

Plaintiffs now have until January 2021 to submit claims for up to $222,000

Jamie Bacon pleads guilty to charge in Surrey Six case

The plea brings an end to a complex legal case that has spanned more than a decade

Most Read