Smart meters needed, costs returned to users

Re: Smart meters a waste of money, Letters, May 6, 2011.

This summer BC Hydro will take a major step forward in moving to a more efficient electricity grid as we begin exchanging old meters for new smart meters.

While the letter writer is correct in noting the program represents a significant investment, it is wrong to suggest the program is not needed and without benefits.

The smart metering program is making much needed improvements to our electricity system at no added cost to our customers.

As the recently released business case for the program demonstrates, this initiative will in fact pay for itself through reduced theft of electricity, new energy savings and new operating efficiencies.

Over 20 years the program will deliver $1.6 billion in total benefits for a net benefit of $520 million.

These savings will keep your current and future BC Hydro rates lower than they otherwise would be. Importantly, over the next three years alone, smart meters will save BC Hydro customers money by reducing rate pressures by $70 million.

Gary Murphy

Chief project officer, BC Hydro

 

Just Posted

Active police incident in Langford prompts police to request nearby residents stay inside

West Shore RCMP ask public to avoid Station Avenue and Peatt Road area

New sidewalk, bike lane coming to Metchosin Road near Royal Bay

Gablecraft Homes making improvements, moving offices

City of Victoria to hold formal safety review after man was left hanging from raised bridge

More and more people seen ignoring safety measurements in place, city staff say

The Trading Post in Langford is up for sale

For sale sign and retirement sign spotted Tuesday

CRD holding off repairing Sooke Potholes viewing area after winter landslide

Area likely to experience continued failure of slope, officials say

VIDEO: Missing teens named as suspects in three northern B.C. killings

Kam McLeod and Bryer Schmegelsky are wanted in the deaths of Lucas Fowler, Chynna Deese, unknown man

POLL: Do you use a food delivery app?

With modern life becoming more hectic with each passing day and so… Continue reading

Vancouver Island teacher suspended for professional misconduct

Grade 8 shop teacher admits to use of vulgar language and profanities toward students, parents

Northern B.C. double homicide, suspicious death: A timeline of what we know

Two teens from Port Alberni are now wanted Canada-wide in connection to the three deaths

B.C. wine industry legend Harry McWatters dies

Among his accomplishments, McWatters founded the province’s first estate winery, Sumac Ridge Estate

Provincial health body refuses to release full findings of cancer triage system audit

Information and Privacy Commissioner asked to review redactions

Southern resident killer whale died of blunt trauma, likely from ship

J34 was found more than two years ago near Sechelt, but the necropsy findings have now been released

B.C. rail crossing death highlights risks for people in wheelchairs: watchdog

Transportation Safety Board points to ‘persistent risks faced by persons using assistive devices’

B.C. teens wanted in double homicide, suspicious death spotted in Manitoba

Kam McLeod and Bryer Schmegelsky were thought to have been seen in the Gillam area

Most Read