BC Hydro’s Billion Dollar Climate Bill…

8 Feb

Electricity monopoly BC Hydro is set to lose $1billion…

Neither party is, or should be particularly concerned about the climate.

Currently BC Hydro generates hydro electricity for about two cents/kw. Private electricity costs up to 19 cents/kw. BC Hydro is bound to purchase all private power at rates beneficial to the private operator — forever — and B.C. electricity users pay the subsidy.

Typically, higher volume consumption results in a discount. In BC Hydro’s case a premium is charged, and the premium goes to finance the impacts of the Climate Action Plan and the Clean Air Act. Coming soon we can expect “time of use” premiums charged for electricity use during peak use times.

Penticton Western News

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 117 other followers

%d bloggers like this: