Hydro increase is a compounding interest for life

Web Lead

To the Editor:

Having received a 3.5 per cent increase notice with my January hydro bill really ruined my day. These increases being approved by the BC Utilities Commission tells us one of two things: Either BC Hydro and FortisBC, both with the aid of the utilities commission, don’t know what they’re doing, or that they are fully aware of what they are doing, namely, stealing from us.

If the hydro companies experienced unexpected costs last year and wanted to pass on the costs to their customers they and the utilities commission don’t need to impose a compounding interest rate upon us in having to pay for the rest of our lives.

Think about it for a minute. They are making millions of dollars in extra booty for their pockets. Once our money is gone, it’s gone. It’s not like they pay income tax because they don’t.

A fair proposal would be an increase of $2 per month from each customer until the debt was paid. If you or I experience a malfunction at the motor of our vehicle, we take it to a mechanic for repair. Once fixed, the mechanic presents you with a bill for parts and labour, not a compounding interest contract that you are committed to for the rest of your life.

Our politicians like to lead us to believe that we live in a democracy. Canadians are natural born complacents. We are just a little more civilized than the people in other countries engaging in civil wars and revolutions fighting for democracy at present.

If anyone here thinks we live in a democracy, they should think again, and ask our MLA at michelle.mungall.mla@leg.bc.ca to address the hydro increase at the legislature in Victoria.

This is Canada and B.C. is our province. We have two hydroelectric companies that act like they are some kind of mafia collection mob, cleaning our bank accounts with unconstitutional thievery that is detrimental to the economy of the province. It’s time to take a stand. The provincial government took the tollbooths off the Coquihalla highway when it was paid for. The hydroelectric companies should conduct their business the same way.

Michael Bunn


Just Posted

Feds, B.C. to expand Darkwoods Conservation area

New funding allows the national land trust to add some 7,900 hectares to the Darkwoods Conservation Area

A chance to make history in BC and Canada

This is a pivotal time in BC history, to modernize our voting… Continue reading

Questions to ask when choosing a future voting system

Do we want any control of our futures or do we want to end up like two major FPTP states close to us?

Landlord-tenant disputes highlight this week’s police blotter

Police received 54 calls for assistance from November 6 to November 12.

No Stone Left Alone honours Lower Kootenay Band veterans

Veterans and service members joined Yaqan Nukiy School students in a ceremony of song and reflection on Nov. 8 to honour Lower Kootenay Band veterans at St. Peter’s Cemetery.

People flocking to Vancouver Island city to see hundreds of sea lions

Each year the combination of Steller and California sea lions take over Cowichan Bay

Protesters confront Environment Minister in B.C.

Protesters wanting more for killer whales confront Catherine McKenna

Humans reshaping evolutionary history of species around the globe: paper

University of British Columbia researcher had the paper published in the Proceedings of the Royal Society

Toronto ‘carding’ activist Desmond Cole stopped by police in Vancouver

Cole says his experience reveals what daily life is like for black and Indigenous residents

Commercial trucks banned from left lane of Coquihalla

B.C.’s Ministry of Transportation has introduced a new program that hopes to prevent accidents and closures on the Coquihalla Highway.

B.C. on track to record same number of overdose deaths as last year

128 people died of overdoses in September, bringing the total to more than 1,100 so far in 2018

B.C. firefighters rescue horse stuck in mud

‘It happens more often than you’d think,’ says deputy chief

Canadians more prepared for weather disaster than financial one: poll

RBC recommends people check their bank app as often as the weather app

B.C. dog owner sues after pet killed in beaver trap

A Kamloops man is suing the operator of a trapline north of the city after his dog died

Most Read