B.C. Hydro Plans 3.75% Rate Increase for 2025, 2026

British Columbia's Energy Minister Adrian Dix announced a planned 3.75% increase in BC Hydro electricity rates for the next two years, starting April 1, which equates to an additional $3.75 per month for the average household. This increase is part of a 'rate stability direction' aimed at responding to rising demand and economic uncertainties while keeping rates below cumulative inflation. Despite the increase, BC Hydro's rates remain among the lowest in North America, approximately half of what residents in Alberta pay. The adjustments are necessary to cover rising operating costs, including those associated with the Site C hydroelectric project and infrastructure improvements. Dix emphasized the importance of maintaining a robust energy system for the province's long-term independence. The government has also added funding to a customer crisis fund to assist households in temporary financial need amid these changes.