The deferral has been extended until the end of August.
The B.C. government is deferring electricity costs for heavy industry impacted by COVID-19 for another three months.
Minister of Energy, Mines, and Petroleum Bruce Ralston said on Saturday that they are extending bill payments because some industries like the mining sector continue to feel the impacts of lower demand for products and depressed commodity prices.
As part of the BC Hydro COVID-19 Relief Program announced on April 1, eligible industrial customers with accounts in BC Hydro’s Transmission Service rate category were given the opportunity to defer 50 per cent of their electricity bill payments for the March to May billing period.
That has now been extended until the end of August. The deferred amounts will be repaid over a future nine-month period and are subject to interest.
Major industries with accounts in BC Hydro’s transmission rate category use large amounts of energy and represent about 25 per cent of BC Hydro’s domestic electricity load in B.C., according to the government.
The B.C. COVID-19 Action Plan has set aside $5 billion in COVID-19 support, including $1.7 billion for investments in critical services, $1.8 billion in financial support for individuals and businesses, and $1.5 billion to plan for economic recovery.
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