標題: Get ready to pay more for electricity [打印本頁] 作者: tiffiant 時間: 2011-2-22 19:12 標題: Get ready to pay more for electricity
Get ready to pay more for electricity
It needs money for projects
Dan Burritt Feb 22, 2011 12:13:29 PM
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VANCOUVER (NEWS1130) - BC Hydro says it's going to cost you more money for electricity as it spends billions of dollars to upgrade its aging dams and equipment.
Hydro has hinted at rate hikes before, all to help pay for the $6 billion it's going to spend over three years to meet increasing power demand and upgrade its facilities.
The Crown corporation says it has put in an application to the BC Utilities Commission to spend $800 million on the 80-year old Ruskin Dam near Mission. They're also looking to spend up to $200 million on the Vancouver City Centre Transmission Project, amongst a few other projects.
So, what will it cost you? Hydro says in December it put out numbers forecasting nearly 10 per cent rate hikes between 2012-2014, and about seven per cent in 2015.
Including fiscal 2010, that adds up to a 52 per cent rate hike over five years if the BCUC gives the application a green light. In dollar terms, that works out to an extra $7 a month, each year for the next three years.
Meanwhile, NDP leadership candidate Mike Farnworth is calling for a moratorium on all new independent power projects as part of the environmental platform he released on Tuesday.
"Certainly, there is a huge public concern about what is, in essence, a lottery-style rush to give away our rivers and streams in this province," he says.
Farnworth also wants to open up all power-purchasing agreements to a public review.作者: tiffiant 時間: 2011-2-22 19:12
