BC does the same practice as Quebec. The issue is more with the electricity market deregulated vs. crown owned electric utilities than the pricing model because the market will have different price outcomes. In QC and BC, they do average cost pricing, leads to lower costs because of heritage hydro assets that are paid off.
But yes, some more scrutiny should be brought to electricity rates between provinces for the purposes of equalization. Ultimately though, these are technical tweaks not fundamental problems with the system.
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