In the process of keeping an eye on BC Hydro, I have been a regular reader of their annual report, and the report for fiscal 2015 is now available on their website. Last year’s report included information on the purchases of power from IPP’s. Volumes and total costs were included for the fiscal year 2013 as well as 2014. Using that information I was able to determine the cost of the additional 350 giga-watt hours purchased in 2014 cost an average of $142.85. I included that information in my slide presentation to both the Pacific Energy Innovation Association and to the Probus Club of North Shore Vancouver. What is more interesting, of course, is that this information is no longer available in their current annual report. Somehow, I am not surprised. I am sure the cost per mWh for the additional IPP power purchased in fiscal 2015 would be an embarrassment to both Hydro and the Provincial Government.
We would have much better information available about BC Hydro’s operations if it were a regulated private company.