In the fiscal year ended March 31, to its residential, commercial and industrial customers, BC Hydro sold 1.6% less electricity than in the previous year. The volume in 2019-2020 was slightly less than the 15 year average.
Although the public utility experienced flat demand over many years, purchases from independent power producers (IPPs) continued.
Despite lack of sales growth and private power purchases, BC Hydro added to its own generating capacity and, of course, is building Site C to add yet more.
Given the many years without growth in the amount of electricity being sold to residential and business consumers, it should surprise that assets employed by BC Hydro tripled.
For much of its almost 60-year history, BC Hydro served the province well. In fact, that success attracted attention of predators. For ideological reasons, Liberal Premier Gordon Campbell opened the door and let them in. The cost to citizens has been immense.
Categories: BC Hydro