BCUC Accepts BC Hydro’s Integrated Resource Plan
VANCOUVER, British Columbia, March 06, 2024 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) accepted BC Hydro’s Updated 2021 Integrated Resource Plan (IRP), which anticipates BC Hydro's load and resource needs and guides decisions on its electricity system over the next two decades.
- VANCOUVER, British Columbia, March 06, 2024 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) accepted BC Hydro’s Updated 2021 Integrated Resource Plan (IRP), which anticipates BC Hydro's load and resource needs and guides decisions on its electricity system over the next two decades.
- After a public review process, the BCUC determined that: BC Hydro’s IRP is in the public interest and aligns with the BC government’s energy objectives; BC Hydro provided sufficient information to meet the filing requirements of a long-term resource plan; and its supporting analysis for its near-term actions and range of long-term scenarios was reasonable.
- The BCUC also appreciated BC Hydro’s shift to a more flexible planning and resource development process.
- Long-term resource plans must include an estimate of demand, a plan to reduce demand, and a plan for energy purchases and facilities required to meet demand.