Get ready to pay more for power. A lot more
B.C. consumers will soon pay much more if the province follows the lead of Ontario where power prices are soaring, not just as a result of higher generation or transmission costs. ...Under Ontario's Green Energy Act, a feed-in tariff (FIT) will siphon $3.8 billion from consumers' pockets.
October 16, 2010
in The Vancouver Sun
We're often told that British Columbia has the lowest prices for electricity in North America, but the claim is only partly true. Households that use up to 750 kWh a month do pay the lowest monthly rate on the continent; however, the average household uses 1,000 kWh and based on that level of consumption, B.C. ranks third behind Quebec and Manitoba.
In any case, B.C. consumers will soon pay more -much more -if the province follows the lead of Ontario where power prices are soaring, not just as a result of higher generation or transmission costs, but because of ill-conceived... [continue via Web link]