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Sticker Shock: The Impending Cost of BC Hydro’s Shift to Private Power Developers |
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Written by Administrator
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Tuesday, 24 April 2007 |
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“Our electricity bills are going to be hiked, but the citizens of BC won’t get any new assets or long-term energy security in exchange.” - John Calvert The Canadian Centre for Policy Alternatives has released a study by John Calvert of SFU, Sticker Shock: The Impending Cost of BC Hydro’s Shift to Private Power Developers (PDF). Click here to read the CCPA's press release. Excerpt: "BC Hydro customers can expect their electricity bills to escalate dramatically in coming years, thanks to the provincial government’s energy policy. It bans BC Hydro from developing new power generation, instead forcing the Crown Corporation to buy more and more energy from high-cost private developers -- at prices far higher than those of other options."
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