Fiscal 2011 Revenue Requirement
On March 3, 2010, BC Hydro filed a revenue requirement application [PDF, 29.2 MB] with the British Columbia Utilities Commission (BCUC) for fiscal year 2011 (April 2010 through the end of March 2011).
The BCUC has released its final decision on BC Hydro's Revenue Rate Application (RRA). The application reflects the expenditures BC Hydro requires to operate from April 1, 2010 to March 31, 2011.
As a result of the BCUC negotiated settlement with BC Hydro, the rate increase will be 7.29 per cent, down from the original 9.3 per cent interim increase that has been in place since April 2010. Consequently, you will see a small credit on your bill from January to March 2011.
BC Hydro will file an application to determine rates for the next three years in April 2011.