Local electrical utility customers will be receiving the B.C. Electricity Affordability Credit, with the credit appearing on the bills before June 30, 2024.
“As a local municipal utility, we’re pleased that we’ve been able to reach an agreement with the provincial government to ensure that all British Columbians are eligible for the credit,” says Draydan Power, the City’s manager of energy and environment,. “The estimated average credit is $61 for residential users and will help provide a needed measure of relief for all Penticton users.”
As part of the recent provincial budget, the Government of B.C. announced the credit that will provide the average customer with an annual savings of 4.6% of their previous year’s electricity costs.
The average business and industrial customer will receive savings of 4.6% of your electric charges to help reduce your operating costs. For the average non-residential customer in Penticton, this will be around $452 in savings.
To be eligible, you must have incurred electric charges during 2023 and hold an active account as of the day the credit is being distributed. The credit will be automatically calculated and applied as a one-time payment to your electricity bill.
The exact credit amount will vary as it’s based on electricity consumption between January 1, 2023, and December 31, 2023.
There’s no action you need to take and the credit will be applied on your bill before June 30, 2024. The credit will appear as a line item in your bill details once it’s been applied.
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