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The province expects reducing rates and lowering connection costs to grid will help reduce greenhouse gas emissions and attract new clear tech industries.
Province helping industry power up with clean electricity
Published 4:32 PST, Fri January 29, 2021
Last Updated: 2:13 PDT, Wed May 12, 2021
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In partnership with the federal government, the province and BC Hydro are reducing rates and lowering the costs of connecting to the electricity grid to help industries, public transportation agencies and neighbourhood energy systems reduce greenhouse gas emissions and attract new clean tech industries to B.C.
"From the shock of a global pandemic to the threat of a changing climate, the challenges we face today also present opportunities as we build a brighter future after COVID-19," said Premier John Horgan. "Today we are announcing plans to make it more affordable for industries to power up with clean B.C. electricity—helping spur new investment and job creation while reducing carbon pollution."
BC Hydro will provide new CleanBC industrial electrification rates that will offer a discount on BC Hydro's standard industrial rates to:
• new clean industries setting up or expanding operations in B.C., including hydrogen and biofuels;
• eligible existing customers that install new equipment that uses electricity rather than fossil fuels; and
• eligible new customers that can demonstrate they could have used fossil fuels rather than electricity to power their facilities.
In addition, the province has directed $84.4 million from the Investing in Canada Infrastructure Program to create a new CleanBC Facilities Electrification Fund that will provide support to customers to reduce the costs of connecting to the electricity grid or upgrading their connections to use more electricity and reduce air pollution.
"We're making it easier and more affordable for mines, clean technology companies and other sectors to use more of B.C.'s clean, reliable hydroelectricity instead of fossil fuels," said Energy Minister Bruce Ralston. "Fast-tracking electrification across our economy will support economic recovery and cleaner public transportation.”
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