Powerex Delivers on Its Clean Energy Trade Standard

Vancouver, B.C. – Powerex Corp. announced it has successfully met the requirements of its four-year commitment under the Clean Energy Trade Standard, a standard introduced in January 2021. This milestone underscores Powerex’s commitment to ensuring the clean electricity it provides to wholesale customers across the West is surplus clean supply. The Clean Energy Trade Standard ensures the clean energy that Powerex’s customers receive is not backfilled with fossil-fueled generation from elsewhere on the grid. 

Powerex developed the Clean Energy Trade Standard to address a critical challenge in the market: avoiding the “backfilling” of clean electricity sales with fossil-fueled generation on the Western grid. Powerex wanted to provide its customers with the confidence that electricity sold as “100% clean” represents surplus clean generation, above and beyond the clean energy that is needed for BC Hydro’s domestic customers.  

Over the Clean Energy Trade Standard’s first four-year period from 2021-2024, British Columbia experienced both wet and dry years, including a multi-year drought starting in mid-2022. Powerex’s achievement in meeting the standard over this period, despite the record drought conditions experienced in the province, demonstrates Powerex’s strong commitment to environmental accountability, market transparency, and operational excellence.  

Independent verification of the first four-year term of Powerex’s Clean Energy Trade Standard can be found at https://powerex.com/environmental/clean-energy-trade-standard.