Phase 1 of the Comprehensive Review of BC Hydro
- A new five-year (April 1, 2019 – March 31, 2024) rates forecast that reflects cost and revenue strategies to keep rates affordable; and
- A regulatory framework that enhances the BC Utilities Commission’s (BCUC) oversight of BC Hydro.
For further information on the outcomes, please read the Comprehensive Review of BC Hydro: Phase 1 Final Report (PDF, 828 KB).
Among other things, the Phase 1 Final Report has informed BC Hydro’s April 1, 2019 – March 31, 2021 Revenue Requirements application, which was filed with the BCUC at the end of February 2019.
Indigenous Engagement on the Standing Offer Program
As a result of Phase 1, in February 2019 the Province announced the indefinite suspension of BC Hydro’s Standing Offer Program (SOP). The Province recognized that a significant number of Indigenous nations in British Columbia had expressed interest in developing or partnering on clean energy projects under this program, and as a result, the Ministry of Energy, Mines and Low Carbon Innovation launched an engagement with Indigenous nations and organizations to explore how the indefinite suspension of the SOP would affect the economic interests of individual Indigenous nations, and to explore alternate opportunities to meet those interests, where they exist. In response to the Province’s invitation to engage, 39 Indigenous Nations and three Indigenous organizations responded with a request to participate. The engagement related to the indefinite suspension of the SOP was completed in 2020.