Phase 2 of the Comprehensive Review of BC Hydro
The objective of the Phase 2 of the Comprehensive Review of BC Hydro is to create a strategy, for the benefit of British Columbians, for BC Hydro to continue to provide its customers with clean energy at competitive rates through the continuing evolution of BC Hydro in response to changes in climate, consumer demand, technology and B.C.'s commitment to reconciliation with Indigenous Nations.
Following completion of Phase 1 of the Review of BC Hydro in February 2019, Government initiated Phase 2 in July 2019. This second phase will be a broad, transformational review that will examine some of the significant changes and shifts taking place in B.C. and continental energy sectors and will produce recommendations to strategically position BC Hydro and the Province for long-term success, including BC Hydro’s role in achieving the electrification goals set out in CleanBC. Phase 2 will leverage BC Hydro’s strengths and focus on:
- BC Hydro’s role in supporting CleanBC and meeting the Province’s legislated 2030, 2040 and 2050 greenhouse gas reduction targets;
- future opportunities or new roles for Indigenous Nations and for communities in the energy sector;
- integrating new technologies and electricity market trends into BC Hydro’s structure, services and assets while keeping rates affordable; and
- new opportunities for BC Hydro to expand its business in markets outside B.C. to the benefit of ratepayers.
Phase 2 will be guided by the Comprehensive Review of BC Hydro Phase 2 - Terms of Reference (PDF, 121 KB). The Ministry of Energy, Mines and Petroleum Resources will work with BC Hydro; energy industry experts with extensive experience in North American utility operation, technology, regulation and electricity markets; and the Ministry of Environment and Climate Change Strategy, to produce an interim report before the end of the year.
Stakeholders and Indigenous Peoples will be asked to provide feedback on interim Phase 2 results.
A final report with recommendations will be completed in early 2020.