What are the penalties for late payment of BC Hydro bills?
Asked a year ago
The penalties for late payment of BC Hydro bills are outlined as follows. If your payment is not received by the due date specified on your bill, a late payment fee of 2% of the outstanding balance will be applied. Additionally, interest will be charged on the unpaid balance at a rate of 1.5% per month (19.56% per annum). It is essential to note that these penalties compound monthly, potentially increasing the amount owed over time. To avoid these charges, it is advised to pay your BC Hydro bill on or before the due date. If you are facing difficulties, we recommend reaching out to our customer service representatives to discuss possible payment arrangements or explore available assistance programs.
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