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.

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

Just Posted

Province asks health-care staff to be ‘vigilant’ in screening for possible coronavirus cases

This comes after U.S. health officials confirmed a case of the virus in Washington State

Victoria man out $6,000 in latest gift card phone scam

Fraudsters claimed to be a member of a bank’s “fraud sting team”

Homes fit for royals for sale in North Saanich

Prince Harry and Meghan Markle have returned to Greater Victoria

Gold Rush star dons Lucky Lager shirt in latest episode

Brennan Ruault, originally from Invermere, joined the show in the sixth season

VIDEO: Protesters block entrance to Victoria government building to support Wet’suwet’en First Nation

Activists want Wet’suwet’en Hereditary Chiefs demands to be upheld, observed and respected

Boy, 13, arrested after alleged assault involving girl at B.C. middle school

Boy alleged to have used ‘inappropriate levels of force’ to injure the girl

B.C. player becomes only second Canadian to enter Hall of Fame of Baseball

Walker received 76.6 percent of the Baseball Writers of America Association vote

PHOTOS: Heavy snowfall breaks window, causing avalanche into B.C. newsroom office

It was a chaotic start to the week for the Kitimat Northern Sentinel

Canadian law firm launches class action on behalf of Iran flight victims

Flight 752 was shot down by Iran shortly after take off

Mission Hill cellarman fired after mistakenly dumping $162K of wine down the drain

The former employee filed a grievance with the West Kelowna winery but was unsuccesful

Police suspect foul play in Cowichan Tribes death

Police are looking at foul play in relation to a death on… Continue reading

Hospital patient pleads guilty to dumbbell assault of nurse in Abbotsford

Neale Heath admits to assault causing bodily harm in attack last September

Most Read