Canada

Canada

Average wind bids lower than hydro

CANADA - The winning wind projects in BC Hydro's recently completed call for clean power bid an average C$116.6/MWh (US$105/MWh) for firm energy, according to a report issued by the utility in August.

BC Hydro issued a call for clean power bids
BC Hydro issued a call for clean power bids

The final bid prices from the six projects ranged from C$99 to C$143.9 (US$92-134) per megawatt hour.

Final bid prices for the 20 hydro projects came in at C$95-156/MWh (US$88-145/MWh).

The average bid price for firm energy from hydro was C$139.9/MWh ($130/MWh).

In making its awards, BC Hydro used a levelised price that placed all projects on an equal footing by adjusting for varying escalation factors and a common delivery point.

The average levelised price is C$124.3/MWh ($116/MWh). The six wind farms, with a combined capacity of 542MW, will together supply 1,528GWh of firm energy a year.

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