In the News
Culliton Creek Project and 2008 Clean Power Call
BC Hydro will pay an average $100 per megawatt hour in new electricity contracts with independent power producers, the Crown corporation said Tuesday….that price… includes payments as high as $133.80 for firm power purchases during the peak winter season when electricity demand in B.C. is at its highest. Hydro includes the payment costs in a new report on its 2008 Clean Call for new sources of green energy. In the report, Hydro said the “levelized” price for firm or premium quality electricity among 27 successful bidders averages $124.30 once the comparative size and electricity output of each project is weighted in. Link to full article
Maselpanik Creek Project and other Development Projects
BC Hydro held a webcast on July 15 to provide an update on the Standing Offer Program Review in order to provide the revised pricing and pricing structure and BC Hydro’s current position on key aspects of the Standing Offer Program taking into consideration feedback received through engagement activities including dialogue sessions held in April and May 2010, a First Nations session held in June 2010, interviews with Standing Offer Program applicants and responses to the online questionnaire. Link to presentation
British Columbia’s largest industries today will get their first look at proposed new regulations governing greenhouse gas emissions…B.C. was a key participant in an announcement earlier this week by the Western Climate Initiative, a group of 11 North American provinces and states, that some members by 2012 will impose cap and trade regulations upon large industrial emitters of carbon dioxide and greenhouse gases. Link to full article
Renewable energy technologies are declining in cost but continued efforts are required to further reduce this, according to energy ministers from the 21-country Asia-Pacific Economic Cooperation. Solar, wind, geothermal and bioenergy for electricity, and biofuels for transport, are diversifying energy supply, and energy ministers urged “continued technology development efforts to further reduce their costs, standardise products, develop supply sources, and share best practices to accelerate their use in electricity generation, buildings and transport sectors.” Link to full article
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