power electricity

BC Hydro issues RFP for clean electricity

Friday, April 5, 2024

BC Hydro has issued a request for proposals (RFP) to acquire approximately 3,000 gigawatt hours per year (GWh/y) of electricity. This is BC Hydro’s first competitive call for power in 15 years and will add 5 per cent to its current supply, providing enough clean electricity to power 270,000 homes or approximately one million electric vehicles per year.

“British Columbians are on the front lines of the fight against climate change and seeing the devastating impact it is having on our communities. The switch from fossil fuels to clean power has never felt more urgent,” said Josie Osborne, minister of Energy, Mines and Low Carbon Innovation. “That’s why we are working in collaboration with BC Hydro, First Nations and the independent power industry to generate more of the electricity that B.C. needs to build a clean economy and power our future.”

The development and construction of new clean-energy projects in response to the call for power will generate an estimated $2.3 billion to $3.6 billion in private capital spending throughout the province and create approximately 800 to 1,500 jobs on average annually.

Electricity demand is expected to increase by 15 per cent between now and 2030. This is due to population growth and housing construction, increased industrial development, including in the mining sector, and more homes and businesses switching from fossil fuels to clean electricity, among other factors.

“We’re taking action to create thousands of construction jobs for skilled workers as major infrastructure projects like Site C reach completion,” said Osborne. “Together with BC Hydro’s 10-year capital plan, today’s call for power – the first in over 15 years – will drive sustainable growth for communities all over the province, and ensure households and businesses can power up with clean, reliable and affordable electricity.”

 

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