BC Hydro will cut rates by one per cent for all customers, following interim approval by the BC Utilities Commission amid the global COVID-19 pandemic.
That amounts to savings of $16 a year for residential users, $715 for commercial customers, and $230,000 for industrial users.
The rate drop comes as Premier John Horgan and Energy Minister Bruce Ralston were scheduled to make an announcement on Wednesday at 1:15 p.m.
in connection to BC Hydro. You can watch it live here on our website and on BC1. On March 13, the utility announced a program to help people pay their bills if they’re affected by pandemic, including the ability to defer payments or arrange a payment plan with no penalty.