VANCOUVER — British Columbia's power utility is facing transformational challenges of drought, rising costs and a trade war with the United States as it works to meet electricity demand that's surging after two decades of relative stability.
An expected demand increase of 15 per cent by 2030 is sparking questions about whether BC Hydro is ready, with one former B.C. environment minister saying the province faces a power gap.
The Crown utility says it imported a net 13,600 gigawatt hours of power in the 2024 fiscal year, a figure representing about 22 per cent of all supply sources according to a service plan forecast issued last February.
But the utility says it has been a net exporter for eight of the past 15 years, and its outgoing CEO is unequivocal: "We have enough power."
Customers "should feel confident that (BC Hydro) will be able to meet their needs in a range of circumstances over time," Chris O'Reily said in an interview after addressing the Greater Vancouver Board of Trade on Thursday.
O'Reily told the board tariffs on Canadian goods launched by U.S. President Donald Trump have been "weighing on everyone's minds."
But Canada's trade challenges are also an opportunity to strengthen energy security, expand clean power and drive long-term prosperity, he said.
https://www.timescol...de-war-10683935
Edited by Victoria Watcher, 20 May 2025 - 12:16 PM.