Power Overload - BC Hydro's Clean Power Call Oversubscribed
Earlier this week, independent power producers in British Columbia responded overwhelmingly to BC Hydro's Clean Power Call, with over 17,000 total gigawatt hours being proposed in the RFP. BC Hydro intends to accept only 5,000 gigawatt hours (or enough electricity to power 500,000 homes).
As the Vancouver Sun reported, independent power projects proposed to BC Hydro in the response to the Call include the expected run-of-river and wind, but also waste heat, biogas and biomass power projects, demonstrating the range of power sources available in the Province.
It is great to see independent power producers in the Province step up in significant numbers to provide British Columbians with a variety of clean, green and sustainable power options for their electricity. With the Call being oversubscribed, electricity consumers can be assured of competitive prices for new power as the Province moves towards self-sufficiency by 2016.
BC Hydro's timeline puts final evaluation and electricity purchase agreements awarded in mid-April to June 2009.
