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The British Columbia Hydro and Power Authority, operating as BC Hydro, is a Canadian electric utility in the province of British Columbia.It is the main electricity distributor, serving more than 4 million customers in most areas, [3] with the exception of the City of New Westminster, where the city runs its own electrical department [4] and portions of the West Kootenay, Okanagan, the ...
Independent power producer (IPP) projects have had a significant presence in British Columbia since the 1980s. Their relationship with BC Hydro grew from the province's need to supply growing energy demands and implementation of the 2002 Energy Strategy, which mandated that BC Hydro would purchase its energy supply from IPPs rather than generating the supply itself.
In 2014 BC had the largest volume of electricity imports in Canada (9700 Mwh), from the Western Interconnection in the US which is 60% fossil fueled. [57] [58] BC Hydro typically imports power during off-peak hours when thermal plants in the US and Alberta have excess power for sale, then exports hydropower during peak hours when prices are higher.
The innovative Loan Guarantee Program was created by the EPAct Title XVII to “support the deployment of the deployment of innovative, clean energy technologies that reduce, avoid or sequester carbon dioxide & other air emissions.” [35] The Federal government has authorized up to $42.5 billion in loan guarantees.
BC Hydro also operates thermal power plants. The Burrard Thermal Generating Station contributes 7.5% and the remaining 14.5% of the electricity requirement was supplied by purchases and other transactions. [10] BC Hydro's last dam was completed in 1984, since then run-of-the-river projects with private partners have been built. Power production ...
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*Waneta Dam has been wholly owned by BC Hydro since July 2018 [6] after Fortis BC finalized an agreement with Teck to sell its 66% interest in the dam, but BC Hydro had first rights to purchase the remaining 66% from its first 1/3 ownership deal.
BCTC was conceived under the BC Liberal Party's 2002 Energy Plan, with a mandate to separate the province's power transmission from its generation and distribution. BCTC was formed through the BC Transmission Corporation Act in 2003 to create an independent power transmission operation, to facilitate a market regulation of the transmission network, to enable private generation, and for ...