BC Hydro sheds light on Clean Call power costs
This entry was posted on Tuesday, August 3rd, 2010 and is filed under BC Hydro, Industry News.
VANCOUVER — BC Hydro is paying an average of $124 per megawatt hour in new electricity contracts with independent power producers, the Crown corporation said Tuesday.
In a report on its 2008 Clean Power Call, Hydro said it has contracted to pay 27 successful bidders a levelized firm energy price ranging from $105 to $133 per megawatt hour, averaging $124 once the comparative size and electricity output of each project is weighted in.
…Hydro said that even with a 30 per cent attrition rate among successful bidders, its grid will gain 2,286 gigawatt hours of power annually. That’s enough to meet the British Columbia government’s order that Hydro be self sufficient — no longer dependent upon imported power to meet domestic demand — by 2016.
