electricity   15186

« earlier    

BC Hydro rates expected to increase 8% over 5 years | CBC News
""The announcement comes after a report commissioned by the NDP government says BC Hydro customers will pay $16 billion over the next two decades because the Crown utility was pressured by the former Liberal government to sign contracts with independent power producers.

The report says the Liberals manufactured an urgent need for electricity but restricted BC Hydro from producing it, forcing the utility to turn to private producers and sign long-term contracts at inflated prices."

"Former B.C. Treasury Board director Ken Davidson authored the study, which estimates the cost to the average residential BC Hydro customer will amount to about $4,000 over the next 20 years or about $200 per year."

"Energy Minister Michelle Mungall says Davidson's report also concludes the agreements forced upon BC Hydro were mainly with run-of-river producers, whose power is primarily available during spring run-off, when B.C. doesn't require it."

""B.C. didn't benefit. BC Hydro customers didn't benefit. A small number of well-placed independent power producers benefited, and customers were stuck with a 40-year payment plan," Mungall says in a news release."

"The NDP government is also crying foul over $3 million in campaign donations from the independent power industry to B.C. Liberal campaign coffers over 12 years.""
britishcolumbia  hydro  electricity  corruption  debt  politics 
5 days ago by pacpost

« earlier    

related tags

100%  1980s  2013  2019  2032  215  3phase  5g  900mhz  a  accounting  aemo  ah  alberta  algorithm  amperage  amps  animation  appliances  art  article  attach  australia  basra  batteries  battery  bc-hydro  bc  billboard  biochemical  biomass  bitcoin  block  blockchain  brainless  britishcolumbia  burroughs  business  by  california  canada  capacities  capacity  capitalism  car  carbon  carbonpricing  carringtonevent  cars  certification  chargers  charging  charlieahearn  charting  china  circuit  city  climate  climatechange  coal  communication  computers  condo  cooker  corruption  costs  cryptocurrency  d.c.  dams  data  dc-power  dc  dcpower  debt  dep  design  digital  dijkstra  disaster  diwaniya  diy  driving  dust  dustbunny  earth  ecology  economy  education  efficiency  electric  electrical  electrical_wiring  electricalengineering  electromagnetism  electronic  electronics  emissions  energy  engineering  entanglement  environment  estimates  ethereum  ev  evs  explained  explanation  extension  extensionlead  faq  feedy  finance  fire  fixing  formation  fraud  gas  generation  germany  ghg  glaciers  glitter  government  graph  green  greenhouse  grid  hardware  health  heating  history  hn  home  household  howto  hydro  iea  information  infrastructure  insect  janedickson  javascript  kentucky  kettle  kitchen  law  lead  learning  led  light  lte  ma  magnetism  mah  main  mains  manufacturing  map  mapping  market  maysan  measure  measurement  measurements  measures  measuring  microled  microwave  milliamp-hours  milliamphours  milliwatt-hours  milliwatthours  minimal-computing  mitigation  mount  mounting  music  mw  mwh  natural  naturalgas  nem  neon  newyork  niceic  night  nuclear-power  observation  oil  oled  on  ontario  ovum  paint  painting  pathfinding  phases  photography  photovoltaics  physics  planning  plant  plastic  plug  policy  politics  power  powerpack  powerwall  prediction  predictions  preparedness  prices  privatewireless  privatization  projections  puertorico  pv  pvc  recycling  reflection  regulation  renewable  renewables  run  safety  science  signal  simulation  smarthome  socket  solar  solarflare  solder  soldering  solderless  solid  soliloquy  sources  sprint  static  statistics  stats  stove  subsidies  sustainability  systems  tea  technology  tedfarmer  tesla  thewirecutter  timessquare  toronto  trading  transport  transportation  treehugger  tv  typewriter  uk  us  usa  utilities  utility  v  vancouver  video  volts  vpp  w  wall  washington  wasit  waste  water  watt-hours  watthours  watts  wh  will  wind  wiring  wtf 

Copy this bookmark: