BC Hydro Customers to See Annual 3.75% Rate Increase Over Next 2 Years

B.C. Energy Minister Adrian Dix speaks during an announcement in Kamloops, B.C., on Feb. 8, 2023. The Canadian Press//Marissa Tiel

BC Hydro customers will face a rate hike this year and in 2026, leading to an increase of $3.75 per month for an average household, the province says.

B.C. Energy Minister Adrian Dix announced March 17 that he had directed the B.C. Utilities Commission to apply a 3.75 percent increase in hydro rates each year for the next two years, for a total increase of 7.5 percent by 2026.