New resources are required to meet long-term electricity needs in B.C. BC Hydro’s long-term energy planning process has found that Site C provides the best combination of financial, technical, environmental and economic development attributes, compared to other electricity-generation options.
The Site C project will provide key benefits for B.C., including energy, dependable capacity and flexibility, regional economic development, job creation, and benefits for communities and Aboriginal groups.
- Site C will provide 1,100 megawatts of capacity, and produce about 5,100 gigawatt hours of electricity each year — enough energy to power the equivalent of about 450,000 homes per year in B.C.
- It will be a source of clean and renewable electricity for more than 100 years.
- Site C will have among the lowest GHG emissions, per gigawatt hour, compared to other resource options.
- As the third project on the Peace River, Site C will rely on the existing Williston Reservoir for water storage. This means Site C will generate approximately 35 per cent of the energy produced at the W.A.C. Bennett Dam, with only five per cent of the reservoir area.
- Site C will be among the most cost-effective resource options for BC Hydro ratepayers.
- Site C will create approximately 10,000 person-years of direct employment during construction, and about 33,000 total person-years of employment through all stages of development and construction.
- Construction will also provide significant opportunities for businesses of all sizes.
- Construction will contribute $3.2 billion to provincial GDP, including approximately $130 million to regional GDP.
- During construction, Site C will result in a total of $40 million in tax revenues to local governments and, once in operation, $2 million in revenue from grants-in-lieu and school taxes.
- Site C will be a source of affordable power to meet B.C.’s future electricity needs. Over the first 50 years of Site C’s project life, ratepayers will save an average of $650 to $900 million each year, compared to alternatives.