The provincial government and BC Hydro have signed a memorandum of understanding with the 160 member Clean Energy Association of BC.
In announcing the MOU Energy Minister Bill Bennett noted the private renewable power industry has grown into an essential component of the BC electricity network, and it currently provides almost a quarter of the annual electrical power production in the province.
That noted and conceded the Minister said the MOU will address and correct the problem.
The MOU impacts more than 100 electricity purchase agreements across a wide range of resource types, including hydro, biomass, wind, natural gas, and solar.
Mr. Bennett says it will also assist the IPP’S with adherence to the government’s climate change policy plans.
Paul Kariya is the Executive Director of the Association, and he says the agreement opens up clear channels of communication, while at the same time, providing more certainty for investors.
Among its eleven stated goals, is one committing the three parties to set as a priority through development of clean energy projects the displacement of diesel power generation in remote communities.
The MOU will remain in effect until December 31st, of 2017, or until it is terminated, with thirty-days-notice, by anyone of the three parties.