B.C. electricity affordability credit kicks in April 15

Apr 1, 2024 | 6:38 AM

PRINCE GEORGE — You can expect some savings on your BC Hydro bill soon.

Back in February, the provincial government announced a new B.C. Electricity Affordability Credit that will provide the average BC Hydro residential customer with an annual savings of around $100.

To be eligible for the credit, you must have an active account as of March 31, 2024. The credit will be automatically calculated and divided over your BC Hydro bills over the next 12 months.

The exact credit amount you’ll receive will be based on your home’s electricity consumption between April 1, 2023 and March 31, 2024. For the average household, this will provide savings of around $100. Customers with the lowest consumption last year will receive no less than $24.

Victoria says you’ll start receiving the credit on your first bill after April 15, 2024. The credit will appear as a line item in your bill details once its’ been applied.

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If you’re currently on a pre-authorized payment plan, your payment amounts over the next 12 months will be reduced by your credit amount.

The average business and industrial customer will receive savings of up to 4.6 per cent of your electricity consumption to help reduce operating costs. For the average business customer, this will be around $400 in savings over the year.

by CKPG Today

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B.C. electricity affordability credit kicks in April 15

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