October, another month with climbing electricity costs

Parker Gallant Energy Perspectives

IESO just released their October 2019 Monthly Market Report and it contained more bad news for taxpayers and ratepayers in the province.  The all-in cost to Class B ratepayers, without inclusion of delivery and regulatory charges, produced a “weighted average” cost of $144.05/MWh or 14.41 cents/kWh for the “Electricity” line on your bill. The HOEP was $7.25MWh and the GA $136.80/MWh.

Consumption by Ontario ratepayers dropped by 366 GWh (gigawatt hours) or 3.2% compared to October 2018 but the cost per kWh jumped 1.03 cents/kWh (up 4.7%). Net Exports, compared to October 2018 were almost flat and totaled 1,405 GWh versus 1,381 GWh!  Our net exports in 2019 however cost us quite a bit more as the HOEP price was 7.25/MWh versus $13.84/MWh in 2018 and the cost to Ontario Class B ratepayers, reflected in the GA, came in at $136.80/MWh in 2019 versus $120.59/MWh in 2018.  The differences added…

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