Frequently Asked Questions
Who can claim the GEC?
- Residential building owners with more than 4 dwellings units and at least one electric vehicle charger.
- Charger owners who are able to provide electricity usage data from their chargers.
- The organization that provides the electricity to the chargers and pays the electric bill to BC Hydro.
How are GEC created?
- Credits are calculated by using a complicated Government formula using the amount of kWh used in each EV charger per year.
Why do companies buy GEC?
- Companies that wish to offset their carbon emission will purchase GEC.
How much is each credit?
- The value of each credit varies and it is dependent on the credit market’s supply and demand.
