REVscene Automotive Forum - BC Hydro forecasts 'massive' rate increases

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just applied for jobs at ICBC , BC Ferries, BC Hydro, BCLC - hope I get a call.

interviewer: why should we hire you?
tiger_H: so I can afford the 4.9% insurance increase, the $120 round trip to victoria, the 26.4% planned rate increase, to possibly retire early

vancouver actually is able to produce significant solar energy and it would take about 30 years to pay itself off.

the good news is that the costs have slowly been coming down but still no where close to being justifiable for people

also, they're pretty ugly to look at

this is why

BC Hydro's Powerex pays $750M to settle California claims - British Columbia - CBC News

Quote:

BC Hydro's Powerex pays $750M to settle California claims
Energy minister says settlement won't raise prices for B.C. ratepayers

A BC Hydro subsidiary accused of manipulating energy prices during the California energy crisis more than 12 years ago will pay $273 million US in cash and offer the state electric utilities a credit worth $477 million in a settlement, the company announced this morning.

BC Hydro company manipulated U.S. energy market
Powerex is one of 60 electricity trading companies accused of selling power to California at inflated prices during the summer of 2000 and 2001 when areas of the state experienced shortages that led to rolling blackouts and other emergencies.

The settlement announced Friday by B.C. Energy Minister Bill Bennett and Powerex CEO Teresa Conway relieves the company of a potential $3.2-billion liability from the ongoing actions of the U.S. Federal Energy Regulatory Commission against the electricity trading companies.

"This settlement provides long-term financial and legal certainty and removes the risk in fighting complex legal issues in U.S. courts," Conway said.

bc hydro subsidiary manipulating energy prices... hmmm wonder if the parent company is doing the same

Quote:

Originally Posted by trip (Post 8318744)

And this is where smart meters start to make sense.

You really need a two-way flow with the electrical grid to make it cost-effective, and your electrical grid needs to be set up properly for you to do that.

Quote:

Originally Posted by tiger_handheld (Post 8318645)

just applied for jobs at ICBC , BC Ferries, BC Hydro, BCLC - hope I get a call.

If you can't beat 'em, you might as well join 'em.
Posted via RS Mobile

Give that a watch. I don't entirely get "neutral" from him, but he does a pretty good job of keeping it based on the facts.

In summation, he talks about run of river projects, and how the idea here is to destabilize the utility so that selling it off becomes palatable to the public as a relief. I'll tell based on my readings of what happens in 20 years from that in Nova Scotia is that your rates will soar to cover a private profit, and you will wish for a public utility.