Quote:
Originally Posted by DoubleK
The BC reality is very interesting because there is a mix of crown utilities/agencies, independent power producers and investor owned utilities (e.g Fortis BC). It would be interesting to see if/how Fortis covers the shortfall between the revenue from the basic charge and what their costs are to operate and maintain their network.
The other thing that occurred to me is how big and diverse BC is and all customers are paying the same Basic Charge (I did see that there were some regional rates, but nothing like I would expect). That likely means that some customers are paying more than they would/should and some are paying less. Contrast this to Alberta where customers in different service territories pay different distribution charges depending on who owns their wires.
Powerex makes a crap ton of money and I would expect that to be going towards keeping the power prices down for the people of BC.
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That, and electricity prices are very political here as people equate Crown Corp with government ministry and any increases are seen as government overcharge. With the recent call for power, obviously prices will need to increase.
In order to keep costs down, the government essentially floats losses so that rates stay stable and people don't get upset. And yes, Powerex really helps too:
https://vancouversun.com/news/local-...he%20transfers.