2006 IEP: IEP Process
Creating an Integrated Electricity Plan (IEP) involves six key steps:
1. Establish planning objectives
In this step, BC Hydro develops clear objectives for the Integrated Electricity Plan. Some sample objectives include:
- Ensuring a reliable electricity supply
- Providing customers with low cost electricity
- Supplying electricity in an environmentally and socially responsible way.
2. Develop a First Nations and Stakeholder Engagement Plan
The First Nations and Stakeholder Engagement Plan [PDF, 163 KB] outlines how interested parties will be engaged throughout the IEP process. The plan explains how interested parties will be informed about the IEP process and how their feedback will be elicited, documented and incorporated into the planning process.
First Nations, stakeholders and the public were engaged in the 2006 IEP process in five different ways:
- Public Engagement Opportunities
- Regional Engagement
- Technical Resource Option Workshops
- The Provincial IEP Committee (PIEPC)
- First Nations Engagement
3. Develop a demand-supply outlook
BC Hydro then develops a 20-year load forecast by projecting how much electricity customers will need during the next 20 years (demand) and how much electricity we can reliably supply during that time (supply). BC Hydro assesses how existing and committed electricity resources can be used to meet the projected electricity demand and then determines the magnitude of gaps between the projected supply of available energy and customer demand.
- Energy and Capacity Info Sheet [PDF, 248 KB]
4. Identify resource options
In this step, BC Hydro identifies, describes and defines new resource options available to fill the gap between projected demand and supply. Resource options include:
- Supply-side resource options (for example, a new hydroelectric facility or natural gas-fired generation plant)
- Demand-side resource options (for example, Power Smart conservation programs).
- Resource Options Info Sheet [PDF, 64 KB]
5. Evaluate portfolios and choose a preferred portfolio
A portfolio is a mix of resource options (e.g., natural gas, coal or wind). BC Hydro creates potential portfolios, and evaluates and compares them against established criteria based on planning objectives. BC Hydro also considers key risks and uncertainties.
Taking into account input from regional workshops, the Provincial Integrated Electricity Plan Committee (PIEPC), intervenor meetings, First Nations meetings and the public, BC Hydro then selects a preferred portfolio that most closely meets planning objectives, while mitigating risk and considering uncertainty.
6. Create an action plan
Once a preferred portfolio has been identified, an action plan is created to set out the short-term steps to develop projects and programs identified in the portfolio. These steps could include, for example, putting out a call for tenders for new resources or constructing a new transmission line.
BC Hydro will file a Long Term Acquisition Plan (LTAP), a 10-year plan to acquire the resources associated with the IEP’s preferred portfolio. The LTAP bridges the gap between the 2-year Resource Expenditure and Acquisition Plan (REAP) and the 20-year IEP.