Projected 50% increase in Hydro bill by 2015 - Vancouver Real Estate - Condoguys Marketing
Although not directly related to the buying and selling of Real Estate in Vancouver. The unavoidable and 'hard' costs of running that home is. One of the bills we all have to pay is our Hydro bill. This is a service that we cannot live without and when rates jump we should all take notice. Interesting article in the Vancouver Sun this morning about the Smart meter install and how we are going to pay for it. It says that we can expect a 50% INCREASE over five years. That outpaces the increase in wages and a closer look is needed.
Vancouver Sun article:Smart Meter Plan May Not be so SmartDoubts started to arise when the estimated costs for refitting the power grid jumped from $500 million to more than $900 million This time last year it was full throttle for BC Hydro's scheme to install 1.8 million smart meters across the province.
Now it's stalled on thorny questions about cost and benefit that rightly make the provincial government twitchy about blowback over soaring consumer costs.
BC Hydro says it must refashion itself and in the process raise rates by up to 50 per cent over five years.
But the utilities commission wants more information before it approves rate hikes. So does the provincial government. So should the rest of us.
Are contracts with private power producers too rich?
Are smart meters a dumb idea?Read more: http://www.vancouversun.com/technology/Smart+meter+plan+smart/4554100/story.html#ixzz1IZDL826F
By Stephen Hume, Vancouver SunCondoguys Real Estate Marketing - watching the factors the effect cost of living, standard of living in relation to our real estate investment
Now it's stalled on thorny questions about cost and benefit that rightly make the provincial government twitchy about blowback over soaring consumer costs.
BC Hydro says it must refashion itself and in the process raise rates by up to 50 per cent over five years.
But the utilities commission wants more information before it approves rate hikes. So does the provincial government. So should the rest of us.
Are contracts with private power producers too rich?
Are smart meters a dumb idea?Read more: http://www.vancouversun.com/technology/Smart+meter+plan+smart/4554100/story.html#ixzz1IZDL826F
By Stephen Hume, Vancouver SunCondoguys Real Estate Marketing - watching the factors the effect cost of living, standard of living in relation to our real estate investment
