January 23rd, 2024

On January 16th, 2024 Premier David Eby announced a major funding package to expand British Columbia’s electrical system. These funds are intended to support community and regional infrastructure as part of BC Hydro’s 10-year capital plan between 2024-2025 and 2033-2034. The plan includes increasing distribution capacity to address growing demand, in particular:

• “Building or expanding substations and installing new equipment to support residential housing growth and transit electrification in high-growth areas across the Lower Mainland and Vancouver Island;”

The $36 billion investment represents a 50% increase over BC Hydro’s previous capital plan.

UDI has been working with BC Hydro on several policy and process changes that would support more predictable charges for builders. We are pleased that the Province is making these much-needed investments in infrastructure with a specific focus on high-growth areas where developers have faced distribution capacity gaps.