Evidence of the quantity of electricity sold by BC Hydro to its residential, commercial and industrial consumers comes from audited sales records of BC Hydro. That unit sales are unchanged since 2004 is indisputable.
The difficulty justifying billions of dollars spent to meet a need that has not existed has been no problem for people who benefit from the expenditures. After years of arguing falsely that more electricity has been needed to serve population growth, now they contend that vastly more capacity is required for electric vehicles.
Unfortunately, the BC government accepts the assertion without listening to independent expert analysis. Special interest groups play an important role in the process that undermines good economic policy.
Dr. Fereidoon Sioshansi is a California consultant serving the energy industry internationally. He published a 2018 article that reports demand for electricity will continue soft for many years to come.
Some in the industry are literally salivating at the prospects of EVs and, more broadly, the electrification of the transport sector to boost electricity demand…
That, however, may be wishful thinking, according to an analysis by James Moore, partner in capital goods research at Redburn in London. Moore and his colleagues, who have looked at the numbers, do not expect the electrification of the cars to dent the established trends towards reduced electricity consumption.
The reason? Ever more energy-efficient lighting and motors will offset any gains in increased EV electricity consumption. This, of course, is not what people in the power sector want to hear…
In fact, Redburn’s research leads them to conclude that motors are the world’s biggest electricity-using product, ahead of lighting, accounting for an astonishing 30-35% of world’s electricity consumption. Not surprisingly, as motors get more efficient, demand for electricity can be expected to fall, all else being equal.
According to Redburn, the prevailing standard efficiency IE1 motors are being banned and premium efficiency IE3 motors will become mandatory around the world – saving as much as 13% depending on the size of the motor. Moore says it will take roughly 15 years for the entire installed motor base to be replaced with the new standard, which will reduce global electricity demand by 0.7% per annum.
A similar scenario applies to lighting – currently accounting for roughly 22% of the global electricity demand. Here again, significant reductions in consumption can be achieved by switching to more efficient types of lighting, such as light emitting diodes (LEDs), which currently account for 20% of new global lighting unit sales.
The savings can be significant – for example:
● 90% by replacing incandescent light bulbs with LEDs
● 75% by moving from compact fluorescent lights to LEDs
…According to Redburn: “We only expect EVs to add 3% to global electricity demand by 2035, the equivalent of 0.2% per annum demand growth.
As such, while many players in the power industry talk about EV as the next big thing, we do not expect the electrification of the car to in any way dent the electricity consumption reduction caused by more energy-efficient lighting and motors.”..
BC has no certain idea of what electricity from Site C will cost. They cannot have because after five years of construction, the project is undergoing redesign, seeking solutions to serious geotechnical problems. Whatever it turns out to be, the per kWh cost of electricity from Site C will be a large multiple of alternatives, even without calculating the value of prime farmlands destroyed and human lives disrupted.
When it comes to utility-scale solar power, we have another world record to highlight and celebrate. Portugal recently held a solar power auction (in which power plant developers submit different bids for what price they can offer electricity under a new contract), and one of the bids broke the world record for the lowest solar power price.
The auction was an auction for 700 megawatts (MW) of solar power capacity, with granted awards totaling 670 MW. Of those, 483 MW also include an energy storage component.
The lowest winning bid was to supply solar electricity to the grid at a price of €0.01114/kWh (or ~1.327¢/kWh). The bid slightly beat the AED 4.97 fils/kWh (or 1.35¢/kWh) record-low bid in Abu Dhabi..https://cleantechnica.com/2020/08/30/new-record-low-solar-price-bid-1-3%c2%a2-kwh/
Categories: BC Hydro