VANCOUVER (NEWS 1130 — BC Hydro says it is trying to get out of commitments to purchase electricity from independent power producers (IPPs), as demand drops and surplus power floods the grid because of the COVID-19 pandemic. “There’s going to be a big hit to BC Hydro and there’s only one pocket ultimately that can pay for that, and that’s you and me, either as Hydro customers or as taxpayers,” he says. Careers. Utilities Commission (BCUC). © 2020 Vancouver Sun, a division of Postmedia Network Inc. All rights reserved. ‘s planning, but first, a comprehensive review is needed that looks closer at demand projections and a balanced mix of sources for ratepayers. Copyright © 2020 BC Hydro. [40] In 2013 BC Hydro offered the Meter Choices Program for $20 to $30 monthly. “In my experience, these partnerships are true partnerships with First Nations. Our goal is to have the most economic and environmentally friendly resource acquisition program in North America in the next five years. British Columbians are apparently not that chilled out when it comes to air conditioning use. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. We're looking for exceptional people to bring new ideas and fresh thinking to help shape the electricity system in B.C. It's our job to safely provide our customers with reliable, affordable and clean electricity throughout the province. BC Hydro operates 32 hydroelectric facilities and three natural gas-fueled thermal power plants. Increasing demand in the Edwardian boom years meant BC Electric sought expansion through developing Hydro power at Buntzen Lake, and later at Stave Lake. Speaking for the IPPs, Whyte says the short term uncertainty is outweighed by what experts understand about long term demand, electrification, and calls for a major shift to protect the environment. It opened in 1961 and operated only intermittently when needed. By checking this box, I agree to the terms of service and privacy policy of Rogers Media. BC Hydro's revenue is the ranked 6th among it's top 10 competitors. becoming a division of the Crown Corporation BC Hydro. [32] In 2013, BC Hydro released an Integrated Resource Plan which includes meeting at least 66 percent of the expected increase in electricity demand through increased energy efficiency. [37], In November 2013 the BC Minister of Energy and Mines announced a 10-year plan that will keep electricity rates as low as possible. BC Hydro's … In 2001 it represented over 9% of BC Hydro's gross metered generation. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. <> BC Electric developed more hydro stations in the province. Twenty per cent of those without air conditioning are considering purchasing an air conditioning unit this summer, the survey found. predict future demand and determine need for independent projects, testified before the BC Utilities Commission, Coronavirus-related drop in power demand leads to tricky situation for BC Hydro.
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