BC Hydro will move forward with a call for new sources of renewable, emission-free electricity to power British Columbiaâs growing clean economy and create new jobs throughout the province.
The call is expected to launch in spring 2024.
In addition, the Province is providing $140 million to the B.C Indigenous Clean Energy Initiative (BCICEI) to support Indigenous-led power projects, create economic opportunities for First Nations, and advance community self-determination.
âAs we face the threat of a record fire season across Canada, the need to switch to clean power to fight climate change has never felt more urgent. The good news is that from electric cars to electrified heavy industry, British Columbians are taking action,â said Premier David Eby. âTo guarantee the affordable power for this important transition, weâre working in partnership with First Nations and BC Hydro to generate more of the clean electricity that British Columbia needs to build our economy, and grow our role as a clean-energy superpower.â
Electricity demand is expected to increase by 15% between now and 2030. This is due to economic and population growth, and as more homes, businesses and industries switch from fossil fuels to clean electricity. In the past six years, the number of electric vehicles on B.C.âs roads has increased by nearly 2,000%.
Updated demand forecasts filed by BC Hydro with the B.C. Utilities Commission today confirm that new sources of electricity will be required sooner than previously expected. To ensure that itâs ready to procure new power supply, BC Hydro is moving forward with the development of a competitive process to acquire more clean electricity. This will be BC Hydroâs first call for power in 15 years, and will target larger, utility scale projects.
BC Hydro will only acquire 100% clean, renewable electricity, including wind and solar. The call for power process will be designed by BC Hydro and the Province following engagement with First Nations, industry and stakeholders. The engagement will include development of options regarding minimum requirements for Indigenous participation in new projects. The newly formed BC Hydro task force will also provide strategic advice.
The BC Hydro task force draws on further Indigenous and external energy experts to provide strategic advice on advancing Indigenous ownership and/or equity interest opportunities. The task force has three key priorities:
- speed of permitting and delivery;
- oversight to protect ratepayers and enable economic and climate priorities; and
- identifying, enabling and accelerating economic opportunities.
Over the next 12 months, the task force will focus on identifying and implementing short- and medium-term actions that can advance these priorities.
âFirst Nations are key partners as we work to power B.C.âs growing clean economy with clean, renewable electricity,â said Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation. âFunding for the B.C. Indigenous Clean Energy Initiative will open up new opportunities for First Nations in clean-energy projects, including wind and solar, create local jobs, and support Indigenous self-determination.â
The Provinceâs $140 million contribution to the BCICEI will support smaller Indigenous-led power projects that may otherwise not be competitive due to their smaller size.
The BCICEI is a clean-energy funding partnership between the Province of British Columbia, the Government of Canada, and the New Relationship Trust. It provides support and capacity-building funds to First Nations communities toward the planning and implementation of clean-energy projects. The BCICEI is administered by the New Relationship Trust, an Indigenous-led non-profit organization that delivers federal and provincially funded programs in support of Indigenous capacity development and reconciliation.
BC Hydro expects to initiate a call for power in spring 2024 in order to acquire new sources of electricity as early as 2028. This may be followed by subsequent calls as the transition to clean energy continues to accelerate, and BC Hydro requires additional resources in order to electrify B.C.âs growing economy and meet the provinceâs climate targets.
Quick Facts:
- BC Hydro gets 98% of its power generation from clean or renewable resources, making BC Hydro the leader in North America when it comes to clean energy.
- BC Hydroâs residential electricity rates are also the second lowest in North America.
- Zero-emission vehicles represented 18.1% of new light-duty passenger vehicles sold in B.C. in 2022, the highest percentage for any province or territory, and well ahead of CleanBC targets.
- The number of registered light-duty electric vehicles rose from 5,000 in 2016 to more than 100,000 today â a 1,900% increase in the past six years.
- There are approximately 200,000 heat pumps installed in BC Hydro residential customer homes. This is equivalent to about 10% of homes.
- The BCICEI has delivered $26 million to support more than 100 Indigenous clean-energy projects in B.C. since 2016.
- In 2021-22, Canada provided a $6.4-million top-up to the BCICEI.
- In 2022-23, Canada renewed the BCICEI for 2022-23 and 2023-24 with an additional $3.6 million.
Learn More:
To read BC Hydroâs 2021 Integrated Resource Plan, including recent updates, visit:Â www.bchydro.com/cleanpower2040
To follow the B.C. Utilities Commission review of the Integrated Resource Plan, visit:Â https://www.bcuc.com/OurWork/Proceedings
For more information on the New Relationship Trust and the B.C. Indigenous Clean Energy Initiative, visit:Â https://newrelationshiptrust.ca/
To meet the members of the new BC Hydro Task Force and learn about its work, visit:Â www.gov.bc.ca/BCHydroTaskForce
Three backgrounders follow.
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Backgrounds:
Chris OâRiley, president and CEO, BC Hydro â
âIt will take all of us working together to build a more sustainable economy as we broaden our clean and renewable sources of energy through this call for power. BC Hydro is committed to meeting the growing and changing needs of our customers and will be working with all levels of government, Indigenous communities, stakeholders and the private sector to make this happen.â
Chief Jen Thomas, sÉlilwÉtaÉŽ (Tsleil-Waututh Nation) â
âAn investment in clean energy is an investment in a healthier future. Tsleil-Waututh Nation is committed to reducing our carbon footprint and to addressing climate change, such as sea level rise, which is a concern in our community. We have taken steps to reduce emissions by adopting renewable energy such as solar, and our climate action and community energy plans as well as our recently approved energy-efficient and low-carbon buildings policy will provide a pathway to a renewable energy future for our Nation. We will continue working collaboratively with external partners to meet our clean-energy goals.â
Walter Schneider, CEO, New Relationship Trust (NRT) â
âThis historic investment in First Nationsâ clean energy represents an essential step in advancing Indigenous-led clean-energy projects to the benefit of low-emission economies, reconciliation goals and the provinceâs future power needs. We are confident that NRTâs leadership in program delivery and strong working relationships will continue to empower a new energy road map where First Nations are leading the way in the transition toward a low-carbon future.â
Cole Sayers, executive director, Clean Energy BCÂ â
âB.C. is a leader in First-Nations-led and partnered development in clean energy. I commend the Provinceâs efforts in supporting First Nations in the clean-energy sector. The call for power and a $140-million clean energy investment is an exciting opportunity to advance economic reconciliation, implement the UNDRIP, and usher in a new era of clean energy that is led by First Nations.â
Dan Woynillowicz, principal, Polaris Strategy + Insight, and external energy adviser, BC Hydro Task Force â
âWe know our clean-electricity system needs to grow to become the energy backbone that powers our economy and day-to-day lives. More clean power will enable people and businesses to switch from fossil fuels to electricity, reducing pollution and energy bills in the process. BC Hydroâs call for power is an important next step toward a net-zero future where electricity will meet most of our energy needs.â
Murray Rankin, Minister of Indigenous Relations and Reconciliation â
âCollaborative relationships with First Nations are the way of the future. Participation by First Nations in the clean-energy sector is vital as we work together on a low-carbon future. By supporting the BC Indigenous Clean Energy Initiative, we are supporting vital clean-energy work by First Nations, which contributes to achieving CleanBCâs climate targets and a better future for all.â
George Heyman, Minister of Environment and Climate Change Strategy â
âCleanBC combines environmental action with economic opportunity. As we work with Indigenous communities to create new sources of clean power, weâre building resiliency, creating new low-carbon jobs, and walking together in reconciliation.â
Patty Hajdu, federal Minister of Indigenous Services â
âReconciliation is everyoneâs business. This is a concrete example of how governments can work in partnership with Indigenous organizations to advance the clean-energy economy, create good-paying jobs for Indigenous communities, and move toward real reconciliation. The British Columbia Indigenous Clean Energy Initiative supports First Nations-led clean-energy efforts and is a model to follow. I commend B.C. for taking this important step forward.â
Harjit S. Sajjan, federal Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan)Â â
âFrom the very beginning, PacifiCan has been an enthusiastic champion and supporter of the B.C. Indigenous Clean Energy Initiative, which has created thousands of jobs and launched 100 clean-energy projects. These projects have generated enough clean energy to power over 3,600 homes and reduced enough CO2 emissions to take the equivalent of 128,000 cars off the road for a year. Todayâs investment in BCICEI will continue to create lasting economic development that advances reconciliation.â