Change Ontario
Ontario exports cheap Energy
Cheap energy makes us everybodies friend!
What’s really annoying is finding out that our neighbours in Buffalo are engaged in an industry attraction effort that is meeting with some success. A recent article about the NY government subsidized building ($750 million) of SolarCity’s “gigafactory” in Buffalo to manufacture solar panels indicates they are on the comeback trail and attracting investments. One of the reasons is because they are able to offer a “huge benefit: the electricity rate for manufacturers averages just 4.79 cents per kilowatt-hour, which is possible because of cheap hydroelectric power generated from Niagara Falls.”
More information at http://www.windconcernsontario.ca/ontario-cheap-power-exports-make-us-everybodys-friend/#comments
The September 2015 summary report from IESO demonstrates that once again, Ontario ratepayers picked up additional costs for exporting surplus power. The September results, gleaned from examination of the “monthly summary” indicates it cost $100 million to subsidize Ontario-generated electricity exports to New York, Michigan, etc., in September.
That totals $1.5 billion for the first nine months of 2015. The 16.2 terawatts exported in those nine months could have supplied power to 1.7 million average Ontario households for the full year.