Site C Dam Contruction aerial. April 3rd, 2017

As promised, BC Hydro has increased electricity rates 3.5% as of April 1st, 2017. This is inline with their 10-year rate plan that they released in 2013. We wrote about these yearly price increase in our blog post, “Avoid BC Hydro Rate Hikes with Solar Power“.

According to BC Hydro, the latest Hydro rate increase is so they can invest in the aging electricity system. Or it could be part of the Billion Dollar Mistake the liberals made when it came to a huge over estimation of domestic revenue for power?

“The current rate hikes were based on a plan that didn’t expect that extra billion dollars in debt, which means that there is an inevitable day of reckoning to come,” said New Democrat spokesperson on BC Hydro Adrian Dix. “That billion dollar blunder breaks down to an extra $500 for every ratepayer in B.C. Those are families and businesses across the province that will be on the hook.

Even worse, Christy Clark and her energy minister seem completely unconcerned. They are pretending this $1.1 billion mistake doesn’t exist, when British Columbians know it exists, and it’s going to show up as an increase in their hydro bill.” – John Horgan – August 2016

BC Hydro says that the increase will mean that single family, detached homes customers will only have to pay an extra $3.74 per month. Novo Solar would take a guess that most BC Hydro customers pay more than $100 a month for electricity.

Avoid Rate Hikes and Invest in Solar Panels

Investing in solar power for your home or business has never been easier or more affordable with Novo Solar.

  • Lending institutions are offering mortgage based loans.
  • Your house value will go up.
  • The amount of  time to payoff your investment, which is currently 9-14 years will keep dropping as these BC Hydro rate hikes happen.
  • You can sell your unused power back to the BC Hydro through their Net Metering program that helps you payoff your solar panel system quicker

Interested in putting Solar on your home or Business? Contact Novo Solar Solutions today.