My question is to the Minister of Energy. The government’s energy policy has stripped away B.C. Hydro’s ability to capitalize on the high water flow as we’re experiencing this spring. As a result, our public utilities are being forced, as a result of the government policy, to pay massively inflated rates for power.
Would the Minister of Energy acknowledge that the government’s energy plan and the government’s energy policies are going to cost taxpayers dramatically now and in the next few years?
No, I won’t acknowledge that, hon. Member.
Well, the minister…. You know, maybe in a 1970s British sitcom it makes sense to buy power at $60 to $100 and sell it at 20 cents to $17.60, but it certainly doesn’t make sense for the people of British Columbia. The government’s policies are costing taxpayers — according to Marvin Shaffer, $1.28 billion over the next four years. That’s the cost of them overpaying for power.
Can the minister at least explain, can he suggest, or can he confirm one way or another, whether B.C. Hydro will be spilling power over the dams, spilling water over the dams, without generating electricity?
You know, there are year-over-year fluctuations of water. I know that he isn’t aware of that maybe, necessarily, or knows that sometimes it affects one year versus another.
Be sure to read my Sunday piece: Taxpayers carry financial risks for IPPs