Green power bids flooding in to BC Hydro
Thursday, November 27th, 2008Independent producers are expecting to flood BC Hydro with offers of green electricity for the 2008 call for clean power. BC Hydro could be looking at five times the 5,000 gigawatt hours of new green power it was seeking when it opened the call process earlier this year — and the independents are speculating that the bid price for each new megawatt hour of power will be substantially higher than the last call in 2006.
…Independent Power Producers association of British Columbia president Steve Davis described the call as competitive, saying the sheer volume of interest guarantees that Hydro’s customers — the people of B.C. — are getting the best price on new sources of electricity. “It’s certainly competitive, 169 projects registered [earlier this year] to bid,” Davis said in an interview. “BC Hydro’s target is 5,000 gigawatt hours [but] I think they will receive something in the order of 25,000 gigawatt hours.”
Run of river hydro and wind power projects are expected to comprise the bulk of the bids.
