Nelson Hydro is pleased to advise our customers that there will be no general rate increase for 2020.
Revenues in 2019 were stronger than expected. With no general rate change, the 2020 revenues are forecasted to be sufficient to fund the 2020 operating budget while maintaining the existing dividend payment to the City of Nelson, capital reserve contributions for utility infrastructure and the increased level of vegetation management started in 2019.
The 2020 zero % rate change applies to both city and rural customers.
The 2020 zero % rate change applies to both residential and commercial customers.
With no rate change, Nelson Hydro will continue to have amongst the lowest residential rates compared to the other utilities in BC.
NOTE: Nelson Hydro is currently reviewing rate sharing across customer classes which may result in a rate re-design. This would be the subject of a BC Utilities Commission application and is separate from general rate changes.
For More Information, please contact Nelson Hydro Administration at (250) 352-8240 or email@example.com.