BC Hydro is hitting consumers with three years of rate hikes to:
- pay for a $6 billion upgrade to aging infrastructure, or
- to meet an expected growing demand for electricity, or
- to help friends of BC Liberals do deals like the one that brought owners of privately-owned Cloudworks Energy Inc $ 185 million.
BC Hydro is forecasting a rate hike of about 10 per cent a year in each of the next three years with much more to come after that to pay more than $30 billion contracted for private power generated from public rivers.