On June 15, 2023, the Government of British Columbia announced that BC Hydro would be moving forward with a call for new sources the Call to Power of 100 percent clean, renewable emission-free electricity from large-scale projects, notably including wind and solar. As part of phase two of BC Hydro s engagement process, on January 8, 2024, BC Hydro issued a draft Request for Proposals and draft specimen Electricity Purchase Agreement. The Call to Power is part of BC Hydro s response to the province s growing electricity demand.
Electric grid operators across the country continue to announce expanded procurements for non-emitting electricity to ensure supply adequacy in a transforming energy landscape. These announcements continue procurement trends from recent years as provinces turn to private developers to meet growing demands for electricity supply and storage while aiming to achieve aggressive carbon emissions reductions targets.
The Canadian government released its long-anticipated draft Clean Electricity Regulations Regulations on August 10, 2023,1 setting out its approach to mandating a net-zero emissions power grid by 2035. In this note, we offer our insight on this federal regulatory initiative that will have implications on the electricity industry across Canada and is certain to be controversial in some regions of Canada, setting the stage for jurisdictional challenges and regulatory uncertainty, all of which must be addressed in order to establish a strong basis on which to invest.
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