British Columbia residents will pay an average of $2 more per month for hydro power starting Saturday.
BC Hydro says effective April 1, residential electricity rates will rise by two per cent, or about $2 per month on average, following an interim rate-hike approval by the B.C. Utilities Commission.
BC Hydro reduced its residential rates by 1.4 per cent last year. In 2024, the Crown utility expects to increase its rates again by 2.7 per cent. The utility says its electricity rates remain among the lowest in North America while still supporting electrification investments, cybersecurity, vegetation management and new projects that decrease B.C.'s dependence on fossil fuels.
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