BC Hydro has announced a new optional residential rate plan starting in June 2024.
The main features are: a discount of five cents per kilowatt hour (kWh) for electricity used overnight (11 p.m. to 7 a.m.); a surcharge of five cents per kWh for electricity used during the on-peak period (4 to 9 p.m.). No discount or surcharge applies to usage during the off-peak period (7 a.m. to 4 p.m. and 9 to 11 p.m.).
Time-of-day pricing applies year-round and every day of the week.
The normal rate for usage (step 1) is $0.1079/kWh. Thus the option implies a surcharge of about 46% during the peak hours, and a similar decrease during the wee hours.
Hydro is aiming this option at people who may charge electric vehicles (EVs) overnight and/or might run major appliances at night. For everyone else, the new option is absurd. Why should anyone who works normal hours wish to pay 46% more during the usual time to heat/cool the house, cook dinner, have a shower, etc.? For people who live in multiple-unit buildings, there are very likely restrictions against doing laundry, running a dishwasher, etc. during the overnight hours.
I for one will not be taking this option, and I sincerely hope that BC Hydro does not eventually intend to impose this new format on all customers.
Roel Hurkens
Saanich
