Using less drives up Electricity Prices again, signaling the Province should act

Parker Gallant Energy Perspectives

The IESO (Independent Electricity System Operator) just released their Monthly Electricity Report for February 2020 and surprise, surprise, costs went up and ratepayers and taxpayers will pay up!

While Ontario consumption was down by 51,938 MWh (what 75,000 average households would consume in one month) in February 2020, we should also note it had 29 days versus 28 days in 2019. That extra day would add approximately another 400,000 MWh of demand meaning daily consumption decreased by about 15,000 MWh.

So, if we consumed less how come the costs of generation went up?  

As Ontarians know the previous McGuinty/Wynne led governments bungled the electricity sector up so badly that it will take years to sort out.  A combination of things made costs of generation increase this February despite reduced consumption.

Let’s start with wind which, according to my friend Scott Luft, generated 1.555 TWh (TX and DX connected) in…

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