BC Hydro launches new call for power to increase renewables

Key Takeaways:

• The province, in partnership with BC Hydro, is implementing a major clean-energy strategy that includes acquiring up to 5,000 gigawatt-hours of renewable power annually, developing firm electricity capacity, and advancing electrification across sectors to reduce reliance on fossil fuels.
• The plan emphasizes collaboration with First Nations and investment in made-in-B.C. clean-energy technologies, including $12 million in funding to support innovation and create sustainable jobs, while expanding First Nations ownership in new renewable projects.
• Alongside a $36-billion 10-year infrastructure plan, the strategy includes measures to streamline grid access for new developments, maintain stable electricity rates, and promote energy efficiency for homes and businesses to ensure affordability and support economic growth.

The Whole Story:

The Province, in partnership with BC Hydro, is launching an ambitious plan to harness clean electricity for economic growth.

“With this work, we are securing our energy and our economy for the future by expanding one of our greatest assets: abundant clean electricity,” said Premier David Eby. “We are boosting our clean-energy supply, powering our growing communities and industries, and creating thousands of family-supporting jobs – all while advancing reconciliation and reducing pollution. Perhaps most importantly, this will help build a strong foundation for our province and our country at a time of external threats to our sovereignty and prosperity.”

The Clean Power Action Plan aims to leverage B.C.’s clean-electricity advantage. With five transformative initiatives, the plan aims to accelerate economic growth, while securing long-term energy stability for generations to come:

• launching a second call for power to acquire a target of up to 5,000 gigawatt-hours per year of energy from large, clean and renewable projects in partnership with First Nations and independent power producers – enough to power 500,000 new homes. This builds on the success of the 2024 call for power, which resulted in 10 new renewable-energy projects, with First Nations asset ownership between 49% and 51%, capable of powering about 500,000 new homes;
• opening up the opportunity to explore B.C.’s power potential through a request for expressions of interest exploring capacity and firm, baseload electricity projects to deliver for peak demand periods and to provide back-up intermittent energy resources;
• ushering in an expanded era of energy efficiency by partnering with innovators through a request for expressions of interest to deliver market-ready demand-side management technologies that help people and businesses save energy and money;
• investing more than $12 million from the B.C. Innovative Clean Energy (ICE) fund in a targeted three-year call for new, made-in-B.C. clean-energy technologies that will combat climate change and create sustainable jobs; and
• streamlining connections to B.C.’s grid to enable new homes and businesses to access clean electricity faster and less expensively.

“Uncertain times demand bold, decisive action, and we need to respond with urgency and with confidence and turn adversity into opportunity,” said Adrian Dix, Minister of Energy and Climate Solutions. “Our commitment to strengthening energy security and building a resilient electricity system will unlock critical economic opportunities, foster innovation, deepen collaboration with First Nations and reaffirm B.C.’s leadership in climate action.”  

These initiatives build on actions underway, including setting BC Hydro rate increases at 3.75% for the next two years to provide stable, affordable rates, while enabling significant investments, offering new optional rates to help residential customers save, and implementing BC Hydro’s $36-billion 10-year capital plan to expand and reinforce electricity infrastructure throughout the province.

Beyond driving economic development and ensuring energy security, the Clean Power Action Plan also supports electrification – the transition from fossil fuels to clean electricity in homes, businesses, industry and transportation.

“Through collaboration with government, First Nations, and the clean-energy sector, BC Hydro is making significant investments and seeking new partnerships to secure B.C.’s clean-energy future,” said Chris O’Riley, president and CEO, BC Hydro. “The initiatives in the Clean Power Action Plan will set the stage for an increased renewable, reliable and resilient energy supply to support our growing province in the years ahead. At the same time, we remain committed to affordability by offering customers more ways to save energy and money, while maintaining stable, predictable rates.”