Public input on electrical rates
December 16, 2014
The City of Penticton is holding a public input session to receive feedback on alternatives for the proposed 2015 electric rate increases.
Wednesday Jan. 7 @ 6 p.m.Council Chambers, Penticton City Hall, 171 Main Street
- Read the Council report [PDF - 589 KB]
- Review the Council presentation [PDF - 355 KB]
- Read the newspaper ad [PDF - 466 KB]
The electric rate increase will consist of three separate components.
- First is the FortisBC increase on the price of power purchased by the City of Penticton, 3.50%.
- Second is the increase on the price FortisBC pays for power purchased from BC Hydro, 1.05%. When the BC Hydro rate increase will take effect is unknown, but to set rates in Penticton, implementation has been assumed to be April of 2015. This yields an increase of 1.05%
- Third is an increase to address timing issues associated with the dates FortisBC and BC Hydro rate increases occur and when City electrical rates will occur. This is calculated to be 0.05%, applied to the price of power that the City sells to its customers.
Application of increases
The increases listed above can be applied in different ways, and this creates three alternatives to be considered. Alternative 1 applies the increases to the rate the City sells power; this has the largest impact on customers. Alternative 2 applies the increase to the rate the City purchases power at; this affects customers the least. Alternative 3 applies an average of the two.
Alternatives for consideration
- Alternative 1 – Increase electric rates by 5.11% for all customer classes
- Alternative 2 – Increase electric rates by 3.7% for all customer classes
- Alternative 3 – Increase electric rates by 4.4% for all customer classes
Impact on the average customer (after 10% discount)
- Dec. 15, 2014: Intro of proposed rates
- Jan. 7, 2015 Public input session
- Jan. 7, 2015: First 3 readings of Fees and Charges Bylaw amendments
- Jan. 12, 2015: Adoption of Fees and Charges Bylaw amendments
- Feb. 1, 2015: New rates take effect
* All meetings begin at 6 p.m. and held at City Hall, 171 Main St., Penticton
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