More details on how Libs are hiding debt
I have tracked electricity sales for decades and written much about the subject at In-Sights. My charts report BC Hydro’s sales to these customers:
- Light industrial and commercial
- Large industrial.
Those represent every consumer category and I believe power sold by BC Hydro to customers within the province is the only relevant element of demand.
BC Hydro’s primary purpose is meeting needs of British Columbia consumers. Selling surplus power outside the province makes sense if it is profitable. But, it is a costly mistake to create surpluses with high marginal cost power that must be dumped outside provincial borders at a fraction of what BC Hydro paid to acquire it.
An example is shown by the three month statement to December 31, 2016, the third quarter of Fiscal Year 2017. Independent power producers were paid $319 million at a rate of 9.6¢/KWh. Meanwhile, BC Hydro was selling power to large industrial users…
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