TSXV:NKW.H - Post by User
Post by
BayWallon Feb 09, 2022 7:36am
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Post# 34411378
A question
A questionMaybe Bill 17 is influenceing things also. From another forum:
Question: Does Bill 17 mean the government can buy power from other jurisdictions and not have to buy power from First Nations independent power producers?
Yes, Bill 17 means that if and when (at some year in the future) BC Hydro requires additional clean electricity to be able to say that over the next 20 years it will have enough power to meet forecasted load (after conservation and efficiency), BC Hydro will be allowed to buy clean power generated outside of BC to meet this planning requirement.
No, Bill 17 does not prohibit BC Hydro from buying made-in-BC clean power to meet its planning requirements, whether from First Nation IPPs or other IPPs. But, allowing an out-of-province clean generation to compete with BC clean generation will certainly put downward pressure on the prices the sellers can expect to get from BC Hydro. Indeed, that is the Government’s stated rationale.