BC Hydro is preparing a call for power and expects to award new contracts to independent power producers in 2025. The 500 MW Revelstoke 6 is deferred again, even though it could produce electricity for about $1.2 million per MW of capacity, which would be less than one-twelfth the cost per megawatt of Site C capacity.
Private power purchases by BC Hydro have resulted in massive financial losses funded by BC consumers. While it is uncertain how new private power will be produced, a report by BC Hydro showed that more than a quarter of current private power purchases came from carbon rich sources such as gas and wood fired thermal power and “biogas.”
While BC Hydro has been buying private power, it has been exporting public power at market rates. If we value private power purchases at the same value the utility has realized from trade sales, the losses from 2010 to 2022 amount to $6.4 billion ($7.5 billion in 2022 dollars).
In 2019, the U.S. Office of Energy Efficiency and Renewable Energy reported:
The national average price of wind power purchase agreements dropped to below 2 cents per kilowatt-hour,
In 2017 and 2018 Alberta called for new renewable power generation. The result was electricity purchased at prices in the range of 3¢ to 4.3¢ per kilowatt-hour.
If BC Hydro, with blessing of government, agrees to IPP contracts longer than 20 years, at more than 20-year fixed prices of 3¢ to 4¢ per kilowatt-hour, the company will be making another costly error, like the ones that had BC Hydro giving lengthy, inflation protected deals to existing IPPs. Those contracts resulted in purchases at an average of more than 9¢/KWh in fiscal year 2022.
Categories: BC Hydro
in-sights.ca 
Another G**D*** grift by former premier Gordon Campbell and his henchman, Kevin Falcon. Sadly, from what I can see is Falcon will continue the neo-Liberal corporate grift of BC id elected.
The big problem is the current premier Eby is a mini-Falcon, with his own politcal grifts to screw the taxpayer.
Not one elected official in BC, from civic, provincial and federal jurisdictions, gives a damn about the taxpayer.
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NO MORE IPPs. We have ruined enough rivers. I remember all the posts Rafe Mair wrote about run of the river projects, didn’t have a good word to say about them. Pointed out they weren’t going to improve economic life for the citizens of B.C. but some corporations were going to make out like bandits.
Its not about creating electricity we need, its about ensuring corporations make money either selling equipment and supplies and all that related stuff. Every one makes money except the taxpayers. Now some may argue it provides jobs but even with my lousy math I calculated it would be cheaper just to mail the cheques each week to the workers and forget the work. they’ll create their own jobs, go back to school, etc.
Like what is wrong with putting solar panels on all new homes? Makes sense to me or even a cute wind turbine. (I know people don’t think they’re “cute” but there is one I drive by and its small and it looks like a garden ornament. I’d put on in my front yard or back yard)
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