On February 10, 2015, BC Hydro announced that it is making
available yearly target energy volume information to help
developers with project planning under its Standing Offer Program
(SOP). As part of the "Clean Energy Strategy" included in
BC Hydro's 2013 Integrated Resource Plan, the SOP's annual
target energy volume was increased from 50 GWh/year to 150
In addition to facilitating project planning, the disclosure of
yearly target energy volumes clarifies that the 150 GWh/year target
volume applies to all SOP EPA-awarded projects that reach COD in a
specified year. Accordingly, BC Hydro may in a given SOP program
year award EPAs whose aggregate contracted energy exceeds 150
GWh/yr provided that those projects achieve COD in different years,
and so long as the aggregate contracted energy for all SOP
EPA-awarded projects that reach COD in any given year does not
exceed 150 GWh. According to BC Hydro, the 150 GWh target volume
will generally be satisfied by about three or four 15 MW projects
reaching COD each year.
Available target volume for projects that will reach COD in
between 2015 and 2018 is as follows (current as of February 10,
TARGET COD YEAR
Available energy volume (GWh)
Additional information regarding current SOP applications and
available target volume is available on BC Hydro's website here.
BC Hydro is currently developing its SOP target management
process as part of its broader Standing Offer Program Review and
will published it upon completion of the review.
About the Standing Offer Program
The SOP promotes the development of new, small scale, renewable
energy projects located in British Columbia. Project generators
must have a nameplate capacity greater than 0.1 MW but not more
than 15 MW, and produce energy that is generated from a "Clean
or Renewable Resource" pursuant to the Clean Energy
Act (British Columbia), including biomass, biogas, geothermal
heat, hydro, solar, ocean, wind or any other prescribed resource.
Projects with existing generation are not eligible for the SOP.
Developers of projects eligible to participate in the SOP enter
into a Standard Form Electricity Purchase Agreement (EPA) with BC
Hydro, pursuant to which a developer is required to sell all energy
from the eligible project to BC Hydro during the term of the EPA,
which is of 20 to 40 years from commercial operation date (COD),
with no requirement to deliver a specified quantity of energy to BC
Hydro at specified times (BC Hydro accepts energy if and when it is
delivered by the developer to the point of interconnection).
General information regarding BC Hydro's Standing Offer
Program, including program rules, is available here.
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The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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