B.C. Hydro loses $1 million to copper theft annually
Hydro loses about $1 million due to copper metal theft annually.
B.C. Hydro spokesperson Karla Louwers called it “an extremely dangerous crime that not only exposes the perpetrators, but our employees, customers as well as the general public to significant risk.
The resurgence in wire theft comes after incidents plummeted in B.C. when an anti-metal theft law was passed in 2012 that requires licensed metal dealers and recyclers must also report their purchases to police. As well, sellers of certain types of metal have to show a driver’s licence or B.C. Identification Card. In the first year after the law took effect, the number of wire thefts reported by BC Hydro dropped 46 per cent.
The current spike in wire and metal theft incidents comes as copper commodity prices increase on world markets, rising roughly 20 per cent over last year. Some analysts have suggested the increase is partly due to increased demand for copper created by the rising popularity of electric vehicles, which need four to five times more copper than gasoline-powered vehicles.
Content by langleytimes.com
Marl Business Park
Cumbria LA12 9BN
155 E Boardwalk Dr, Suite 422,
Fort Collins, CO 80525, USA
CRESATECH Inc. is a corporation registered in Delaware, USA
Registered in England
VAT Number: GB130795808