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Jurisdictional review Exploration permits are for one year and can be extended for up to eight years. A permit carries an obligation to explore for geothermal resources, and gives the holder the right to apply for authorization to drill wells. After a well has been drilled and a plan for production submitted, this can be extended to a lease for 20 years with many renewals. Geoscience exploration (such as drilling a test hole) does not require subsurface rights or land tenure (but does require a geophysical licence). The average auction price for geothermal tenure is $3/ha (versus $2400/ha for oil and gas).86 The Geothermal Resources Act does not address problems that may arise from overdevelopment (such as restrictions on the rate of production or conflicts that may arise from multiple development of a single reservoir).87 The fee for the issuance or renewal of a permit is $500. Yearly rent for a permit is $1/ha for Years 1 to 3, $2/ha for Years 4 to 5, $4/ha for Years 6 to 7, and$5/ha for Years 8+.88 A lease can be issued after a permit holder drills a geothermal well and submits a development plan for the location of a well. A lease is given for 20 years and can be renewed. The fee for issuance of a lease is $200. Yearly rent is $10/ha.89 In 2008, in response to a large increase in requests for geothermal tenure, the government struck a Geothermal Task Force to examine whether change to the tenure system was required in B.C.90 The Task Force was in discussion with industry players, who highlighted that accessibility to Crown land for exploration purposes was difficult, and made requests for fiscal and non-fiscal incentives to support a geothermal industry.91 Despite this process, the government has made no major changes to legislation and regulation in the short term.92 The province did make tenure available in four areas of the province where there was existing interest in geothermal resources.93 Royalties There is currently no royalty system in place in B.C. While the B.C. government feels it is necessary to have public benefit 86 Personal communication, Garth Thoroughgood, Ministry of Energy, October 17, 2010. 87 Jessop et al, “Geothermal Energy In Canada.” 88 Government of B.C., Geothermal Resources Administrative Regulation, Reg. 132/83 O.C. 623/83 (). 89 Ibid. 90 B.C. Energy, Titles Division, “Information Letter 08-09: Geothermal.” http://www.empr.gov.bc.ca/Titles/OGTitles/InfoLetters/IssueDate/Pages/TITLES-08-09.aspx 91 B.C. Energy, Titles Division, “Information Letter 09-01: Geothermal Update.” http://www.empr.gov.bc.ca/TITLES/OGTITLES/INFOLETTERS/ISSUEDATE/Pages/TITLES-09-01.aspx 92 Thoroughgood, “Geothermal Energy in British Columbia.” 93 B.C. Energy, Titles Division, “Information Letter 09-01: Geothermal Update.” The Pembina Institute 27 Building a regulatory framework for geothermal development in the NWTPDF Image | geothermal energy development in the NWT
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