Companies can start bidding on B.C. Hydro’s first callout in 15 years as part of a larger surge to generate more power in B.C., but the province will be importing power again this year amidst concerns about long-term supply.
“We manage the costs of that by spreading them over time and that has been a successful technique,” O’Riley said. “That has helped us manage the impact, so we’re not hitting ratepayers with immediate sharp increases.”“That is our goal and we will be able to continue that in the coming years, including the effects of the drought.”“We have made it clear to the not to see a rise in the rates above the cumulative rate of inflation,” she said.
Riley said the inaugural call accounts for about five per cent of B.C. Hydro’s current supply, equal to about the power needed to power about 270,000 households.RELATED: Electricity demand in B.C. expected to increase by 15% by 2030 The call for power comes as Site C is expected to go online in 2024 with full completion scheduled in 2025. It will add about eight per cent to B.C. Hydro’s current supply.
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