There is no effect on today’s BC Hydro rates from Site C, as costs are deferred until the project begins generating electricity. This ensures that the costs for Site C are paid by the ratepayers who are benefiting from the project.
Site C costs will be amortized over a long period to mitigate the rate impacts on customers. The amortization period and rate impacts would be determined through a future regulatory process with the British Columbia Utilities Commission.
Site C has a lower cost per megawatt hour than most other clean electricity generation options, which will help BC Hydro maintain competitive electricity rates in the future.