Last week’s article INDUCED FAILURE included this paragraph:
The consumption of electricity in this province has remained stable for a dozen years. In fact, during the first half of the current fiscal year, consumption is down by 2.1%, compared to the preceding year. BC Hydro’s management uses different numbers by conflating power consumed by its end-users with power sold on the open markets. Sales outside the province that used to be reported as “trade” sales may now be included in “other” sales and the utility pretends the volumes are part of domestic consumption. They dare not be truthful because it explodes their claims of growing demand.
Since then, readers have asked me to enlarge on this information. As usual, I provide a graph based on data from BC Hydro’s operational statements. This shows how reported “other” sales are now wildly different than they’ve been throughout BC Hydro’s history.
BC Hydro’s management are using deferral accounts and accounting trickery to conceal the company’s financial conditions and prospects and they are telling outright mistruths about demand for electricity by consumers in British Columbia.
Remember, this graph shows the real use of electricity by the province’s residential, commercial, light industrial and heavy industrial power users. It plainly does not support spending $20 billion more on the electrical system.
Categories: BC Hydro