BC Hydro lowers rate

PRINCE GEORGE — Good news for BC Hydro customers.

The public utility says customers will receive a one-time bill credit early next year as a result of an additional 0.61 per cent rate decrease that is effective retroactively to April 1, 2020.

In its decision in the Fiscal 2020/21 Revenue Requirements Application, the BC Utilities Commission requested BC Hydro to amend its rate reduction to reflect last year’s results and the latest financial forecast. As a result, this year’s rate will go from a net decrease of 1.01 per cent to a net decrease of 1.62 per cent.