B.C. considers new hydroelectric project on Peace River as electricity demand projected to rise

The British Columbia government is considering a new hydroelectric project in the province as electricity demand is expected to increase significantly over the coming decades.

According to BC Hydro projections, electricity demand in the province could rise by about 20 per cent by 2030 and roughly 50 per cent by 2050. The utility says the trend reflects long-term growth in population and electrification across the province.

Energy Minister Adrian Dix said while presenting the plan that rising electricity demand is a positive indicator for the province’s economic outlook, adding it reflects ongoing development and growth planning in British Columbia.

The proposed Site E project would be located on the Peace River, approximately 60 kilometres from the recently completed John Horgan Dam. Officials have not provided a timeline for construction or regulatory approval at this stage.

BC Hydro also says it will expand its Power Smart program, which was launched in May 2026. The utility plans to invest more than $1 billion over the next three years in the initiative, which is aimed at helping customers reduce electricity use through digital tools, financial incentives and rebates.