Ontario’s Power Trip: Happy FIT day | Parker Gallant

Wind and solar now cost $4-billion a year

Ontario’s Power Trip: Happy FIT day | FP Comment | Financial Post:

Pop the champagne, Ontario. September is the third anniversary of one of the most expensive and least useful experiments in top-down central planning in the province’s history. Three years ago, the Ontario Power Authority (OPA) released the original pricing model for the Feed-In Tariff (FIT) and MicroFIT programs after the passing of Bill 150, the Green Energy and Economy Act, in the spring of 2009. Under FIT, the Ontario government set sky-high prices for wind and solar power: wind generation at 13.5¢ per kilowatt hour and solar generation as high as 80.2¢ per kWh.

The original pricing model was revised down slightly earlier in the current year, a move that has done little to stem the flow of applications. As of last month, OPA reports applications for 12,000 megawatts for wind and 8,500 MW for solar, numbers that dwarf the government’s long-term target of 10,700 MW by 2030 for wind and solar combined — a clear indication that FIT and MicroFIT pricing has caused developers to salivate at the returns being offered.

As for the revenue, under Ontario’s magic FIT program, the $14-million will be paid by all Ontario electricity ratepayers. In effect, Ontario electricity consumers will help defer Toronto’s municipal tax increases. Essentially, the city of Toronto’s solar-panel revenue becomes an indirect tax on all Ontarians. In addition, the power that will be produced at 48.7¢ a kWh is power that Toronto currently buys at 7.2¢ per kWh (based on its filing with the Ontario Energy Board). Had the city purchased the $15 carbon credits along with the electricity at the foregoing rates, it would have saved ratepayers $1-million per year.

Continue Reading at the Financial Post:

Comments

Logan J. Skew
Reply

FIT is a really great thing Parker Gallant came up with, Happy FIT day

MicroFIT Solar

Anonymous
Reply

Hi there! This is my first comment here so I just wanted to give a
quick shout out and say I genuinely enjoy reading your articles.
Can you suggest any other blogs/websites/forums that deal with the same subjects?

Many thanks!

Also visit my webpage :: studio shoes on zappos

Anonymous
Reply

Greetings from Carolina! I’m bored to tears at work so I decided to check out your site on my iphone during lunch break. I really like the knowledge you present here and can’t wait to take
a look when I get home. I’m surprised at how quick your blog loaded on my phone .. I’m
not even using WIFI, just 3G .. Anyhow, superb site!

Take a look at my web blog … maternity running clothes nike
My web page > yoga clothing for men london

Anonymous
Reply

Your site seems to be having some compatibilty issues in my safari browser.
The text seems to be running off the page pretty bad.
If you want you can email me at: kinaobrien@t-online.de and I will shoot you over a screen shot of the problem.

Stop by my weblog :: sports bra sale canada

Anonymous
Reply

Have you ever thought about including a little bit more than just your articles?
I mean, what you say is important and all.

Nevertheless think of if you added some great images or video clips
to give your posts more, “pop”! Your content is excellent but with pics and
videos, this site could undeniably be one of the greatest
in its field. Good blog!

My page: analog tv resolution

Anonymous
Reply

Hello! This is my 1st comment here so I just wanted
to give a quick shout out and say I really enjoy reading your articles.
Can you suggest any other blogs/websites/forums that deal with the same topics?
Thanks a lot!

Also visit my web site; allied electronics coupon

Anonymous
Reply

Hello fantastic website! Does running a blog like this
require a lot of work? I’ve very little expertise in coding however I had been hoping to start my own blog in the near future. Anyway, should you have any ideas or techniques for new blog owners please share. I understand this is off topic however I just needed to ask. Kudos!

My homepage: usb host to host bridge windows xp

Anonymous
Reply

Admiring the persistence you put into your
blog and in depth information you offer.
It’s nice to come across a blog every once in a while that isn’t the same outdated rehashed information.
Fantastic read! I’ve saved your site and I’m including your RSS feeds to my Google account.

My web-site – http://gardenville.tv

Anonymous
Reply

Hey I know this is off topic but I was wondering if
you knew of any widgets I could add to my blog that automatically tweet my
newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

my weblog: silicon wafer manufacturing companies

Anonymous
Reply

Do you mind if I quote a few of your posts as long as I provide credit and sources back to your
weblog? My blog is in the exact same area of interest as yours and my users would definitely benefit from a lot of the information you present here.
Please let me know if this okay with you. Thank you!

my blog post seattle public schools enrollment

Anonymous
Reply

I don’t know if it’s just me or if perhaps everyone else encountering issues
with your site. It appears like some of the written
text within your content are running off the screen.
Can somebody else please provide feedback and let me know if this is happening to them
too? This might be a issue with my internet browser because I’ve had this happen previously. Thanks

Also visit my homepage; cpk semiconductor definition

Anonymous
Reply

Hello there! Would you mind if I share your blog with my facebook group?
There’s a lot of folks that I think would really enjoy your content. Please let me know. Thank you

Feel free to visit my site ballet shoes to buy online

Anonymous
Reply

Wow that was strange. I just wrote an incredibly long comment but after I
clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again.
Anyways, just wanted to say great blog!

my web site; http://www.xfire.com

Anonymous
Reply

Hi there! I just discovered your internet site: Blogger: Wind Concerns Ontario Blog when
I was exploring delicious.com. It looks as though someone loved your blog so much they decided to bookmark
it. I’ll unquestionably be returning here more often.

Also visit my blog post semiconductor news 2013

Anonymous
Reply

I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you?
Plz reply as I’m looking to design my own blog and would like to find out where u got this from. kudos

Here is my website … investment property insurance calculator

Anonymous
Reply

Hi! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s
new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back often!

my web blog :: opto isolators ppt

Anonymous
Reply

Very good information. Lucky me I discovered your website by accident (stumbleupon).
I have saved as a favorite for later!

My web-site golf gloves

Anonymous
Reply

If you are going for most excellent contents like me, simply go
to see this website every day as it offers feature contents, thanks

Take a look at my web-site :: best golf short game school

Anonymous
Reply

You really make it seem so easy with your presentation but I find this matter to be really something that I think I
would never understand. It seems too complicated and extremely broad for me.
I’m looking forward for your next post, I will try to get the hang of it!

My page: golf lessons kids calgary

Anonymous
Reply

I was recommended this blog by my cousin. I am not sure
whether this post is written by him as nobody else know such
detailed about my problem. You are wonderful! Thanks!

My blog kitchen remodel contractors seattle

Anonymous
Reply

Thanks a bunch for sharing this with all folks you actually recognise what you are talking
approximately! Bookmarked. Please also consult with
my site =). We can have a hyperlink change contract among us

Feel free to visit my blog; kitchen appliances brands in vietnam

Anonymous
Reply

Hi there would you mind sharing which blog platform you’re using? I’m looking to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m
looking for something completely unique.
P.S My apologies for getting off-topic but I had to ask!

my web blog http://orangecountyirina75.bravesites.com

Leave a comment

name*

email* (not published)

website