Mid-year electrical rate changes

The City of Penticton is holding a public input session to receive feedback on alternatives for the proposed 2015 electric rate increases: Monday, June 1 @ 6 p.m., Council Chambers in Penticton City Hall (171 Main Street). 

Rate increases

FortisBC has advised the City of Penticton that the price it sells power for increase by 2.2% effective July 1, 2015.

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.

The City is in the midst of a Utility Rate Review scheduled for completion September 15, 2015, however the impact of this review is not yet known. Due to this fact staff have recommended to Council that Alternative 2, least impact on customers, be advanced as the method to address the 2015 MID year electric rate increase. Alternatives for consideration:

  • Alternative 1 – Increase electric rates by 2.44% for all customer classes
  • Alternative 2 – Increase electric rates by 1.83% for all customer classes
  • Alternative 3 – Increase electric rates by 2.14% for all customer classes

Impact on average customer after 10% discount

Customer type

Current average monthly fee

Est. average monthly fee Alternative 1 (2.44%)

Est. average monthly fee Alternative 2 (1.83%)

Est. average monthly fee Alternative 3 (2.14%)

Residential

$107.70

$110.33

$109.67

$110.01

Commercial

$659.99

$676.09

$672.06

$674.11

Industrial

$22,100.36

$22,639.61

$22,504.80

$22,573.31

Schedule

  • May 19, 2015: Introduction of proposed rates
  • June 1, 2015: Public input session
  • June 1, 2015: First 3 readings of Fees and Charges Bylaw amendments
  • June 15, 2015: at 6 p.m.: Adoption of Fees and Charges Bylaw amendments
  • July 1, 2015: New electrical rates take effect.

* All meetings begin at 6 p.m. and held at City Hall, 171 Main St., Penticton

More info & contacts

For questions, please visit www.penticton.ca or contact Mitch Moroziuk, Director of Operations, via 250-490-2515 or mitch.moroziuk@penticton.ca