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ARTICLE · 06 MARCH 2017

"Going Once, Going Twice" – BC Hydro Revises Available Energy Volumes Under SOP And Micro-SOP

McCarthy Tétrault
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The newly-published figures show available energy volumes of zero, three, eight and zero GWh/year for projects with Target CODs in 2016, 2017, 2018 and 2019, respectively.

CanadaEnergy and Natural Resources

On February 21, 2017, BC Hydro released new figures for its Standing Offer Program ("SOP") and Micro-Standing Offer Program ("Micro-SOP") showing that it has assigned nearly all of the available annual volume for projects with target commercial operation dates ("Target CODs") in 2016, 2017, 2018 and 2019. BC Hydro had previously allocated up to 150 GWh/year of available energy volume for each of these Target COD years (under both the SOP and Micro-SOP), on a first-come, first-served basis. The newly-published figures show available energy volumes of zero, three, eight and zero GWh/year for projects with Target CODs in 2016, 2017, 2018 and 2019, respectively (see table below).

As of February 21, 2017, BC Hydro has awarded electricity purchase agreements ("EPAs") for 26 SOP projects and has accepted applications for 13 SOP projects and two Micro-SOP Projects, with another eight applications in the queue.

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