Q1 ratepayer pain: electricity export costs skyrocket
Wind almost 40% of exported power; cost of surplus export $437 million in just 3 months
The first quarter of the current year indicates Ontario is exporting record quantities of surplus electricity.
It appears to be part of the Liberal government plan as this excerpt from Finance Minister Sousa’s budget “Building Ontario Up” claims: “Through our four-part economic plan, we are supporting greater investment in productivity and innovation, providing a renewed focus on international exports, encouraging the transition to a low-carbon economy and creating more jobs for Ontarians.”
It would be better if our surplus electricity was exported profitably, instead of a cost to ratepayers, but alas, that is not the way the Liberal Energy Ministers past and present have structured the portfolio.
The first quarter of the current…
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