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LEC Cost Benefits

BC Hydro recently announced a residential rate hike of 11% over three years. By comparison, LEC has lowered rates for its high efficiency district energy service.

Purchasing Power

LEC is in a unique position to make fuel purchase decisions based on the best rates available. Because each interconnected mini-plant is serviced by a distinct gas meter, LEC can purchase natural gas from the most economical provider and minimize costs by alternating heat generation between mini-plants. This flexibility enables LEC to offer premium energy services to its customers at a reasonable price. As more buildings connect to the system, LEC can make high volume gas purchases that translate into additional savings for customers.

Financial Outlook

When setting utility rates, LEC considers the number of existing and future customers, as well as cost and revenue forecasts over a 20-year period to ensure that early customers are treated equitably. LEC's main objective is to deliver an appropriate balance of environmental, social and economically sustainable benefits to the community.

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