The BCSEA welcomes the provincial government’s proposed Feed-In Tariff (FIT) for renewable electricity, and accepts the need for it to be a limited version of FITs adopted elsewhere in the world, since BC is close to producing 100% of its electricity from renewable sources.
If a fully-fledged FIT created the same level of uptake for renewables in BC that it is creating elsewhere, it may generate more power than BC needs, causing the surplus to be sold for export at a lower price than was paid for it, even to a possible high tariff green California power market. In an earlier published article, we called this “The BC Paradox”.
However, we also believe that BC should reduce its consumption of fossil fuels, and this would tend to increase electricity demand. We therefore recommend an approach to the FIT that is expanded beyond the current proposed regulation, so as to stimulate BC’s renewable energy industry at what we believe to be a critical time in its development. We have 10 recommendations regarding the proposed FIT.
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