Dive Summary:
- Ontario electricity customers are furious over paying for $585 million for two gas plants that never got off the ground. Consumers are also increasingly weary of green energy subsidies adding $6-$12 billion to household and industrial electricity bills.
- These failed gas plants and skyrocketing bills make up a troubled landscape also stained with shuttered coal plants and costly wind power, 80% of which gets sent to the U.S. power market. In turn, Ontario customers are incurring tremendous losses and bill costs.
- Another example of the problem is that, for every seven megawatts of wind energy developed, six megawatts of back-up gas power generation must be on deck, adding hundreds of millions in extra expenses.
- “The enormous cost of Ontario’s disastrous electricity policies brings into focus a broader and more fundamental governance issue applying to all provinces,” Gwyn Morgan wrote in the Globe and Mail.
From the article:
"Ontario would have encountered vociferous opposition to the green energy act if the government had been required to include the gigantic cost of the power subsidies in its budget."