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How is the Standing Offer Program different from a Call for Tenders (CFT)?

April 26, 2017cft different Offer program tenders

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How is the Standing Offer Program different from a Call for Tenders (CFT)?

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The difference between the Standing Offer Program and previous CFTs is that developers are not competing against each other for an EPA in the Standing Offer Program. Developers who are offered an EPA in the Standing Offer Program will be paid a pre-determined price. Unlike a CFT process, the Standing Offer Program will not create any legal obligations for the parties until BC Hydro has offered an EPA to a developer in the Program and that offer has been accepted by the developer.