Ontario’s $10-million DAY
Ontario throws another $10 million into the wind—in just one day
The wind was howling throughout Ontario November 24, 2014 and the wind turbines were cranking out power that Ontario didn’t need. It cost Ontario’s ratepayers over $10 million dollars for just one day.
Wind generated 45,527 megawatt hours (MWh) that day and another 7,200 MWh were constrained. At $135/MWh the power generated cost about $6.1 million and the constrained wind production cost another $900,000.
At the same time, Ontario was steaming off 6 to 7,000 MWh at Bruce Nuclear paying for that, and paying idling gas plants designed to back up wind and solar generation The former represented a cost to ratepayers of about $400,000 and the latter about $3.7 million. The foregoing costs came to about $11.1 million for just that one day.
While that was happening, Ontario was exporting our excess MWh and that day we supplied Michigan, New York, Quebec, etc. with 65,616 MWh at an average price of $11.18 (not a weighted average) generating revenue of about $700,000. In short, the day cost Ontario’s ratepayers well over $10 million with the other exported 20,000 MWh costs factored in.
Energy Minister Chiarelli should inform Finance Minister Sousa that he knows where that missing $509 million in the underground economy is going and just who is responsible!
© Parker Gallant,
November 26, 2014
The views expressed are those of the author.