For decades, BC Hydro’s leadership has been predicting demand for electricity in BC will grow about 40% in 20 years. The utility continues to misinform citizens of the province even though sales records reveal something far different.
This was taken from a BC Hydro webpage today:
In fact, BC Hydro sold less electricity in the 12 months of FY 2019 to residential, commercial and industrial customers than it did in FY 2007.
To sell power in FY 2007, the utility employed $13 billion in assets. In FY 2018, BC Hydro assets totalled $36 billion.
According to the Q1 report to June 30, no-growth continues. Gigawatt-hours sold in the first period of FY 2020 to those domestic consumers were 13th lowest in the last 16 years. Trade sales, which realized only 3.3¢ per kWh, were down in Q1 as well.
Of course, the claims of rising demand are made to justify massive spending and growth of the BC Hydro management bureaucracy. As we know from the work proceeding at Site C, the strategy is working.