A damning report out of Ontario about immense losses in electricity production. From the Toronto Sun:
In a recent post on the website www.windconcerns.ca, Gallant points out the government paid $200 million in June to dump electricity at a loss.
Gallant, vice-president of Wind Concerns, estimates 1.9 terawatts (TWh) of Ontario’s electricity production (15.2% of Ontario’s demand of 10.6 TWh) was exported to Michigan, New York and Quebec, in June.
Ontario was paid $29.1 million for those exports. Unfortunately, it cost provincial ratepayers $249.9 million to produce that same electricity.
Here’s the math: Ontario exported the power at the Hourly Ontario Electricity Price (HOEP) of $15.31/megawatt hour (MWh) or 1.53 cents per kilowatt hour (kWh) for $29.1 million. However, the cost to produce and transmit that 1.9 TWh, was $131.43/MWh (13.14 cents/kWh) — or $249.9 million.