From today’s Financial Post, Tom Adams and Kathy Hamilton on the latest Big Ideas for renewable power in Ontario.
Ontario’s latest electricity scheme: Pumped energy storage
Daniel Acker/Bloomberg
As the Ontario government’s $1-billion gas plant relocation scandal slips into history, the province’s electricity ratepayers should not assume that the era of big-ticket rate-boosting power projects of questionable value is a thing of the past. Now comes the “Smart Grid” and a host of other projects.
Smart Grid is the new fad taking over power industry policy everywhere — it’s a flexible concept that gives utilities, contractors and governments room to justify ratepayer spending on “Smart Meters,” electric cars, power line automation and the new hot idea of electricity storage.
None of these ideas comes cheap, including pumped electricity storage, a plan making its way through…
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