As the cost of producing energy from wind and sun continues to drop, power produced by the Site C dam will be an increasingly bad bargain, according to leading U.S. energy economist Robert McCullough.
In a report comparing the cost of nuclear, hydro and natural gas energy with power produced by solar and land-based wind farms, McCullough concludes that renewables cost less than half the cost of hydro.
“While there would be costs associated with suspending or halting construction of Site C, I remain of the view that BC Hydro could save $112.74-million on an annual basis by instead (Read more…) wind and solar. This amount could be higher if tax credits for renewable energy were considered,” McCullough wrote in a cover letter to Ken Boon, Peace Valley Landowner Association president.