Here from energy economist Robert Lyman, an analysis of what’s going on with the price of electricity in Ontario… and what’s to come.
The Ontario Electricity Tragedy – The Numbers for 2013
The average resident of Ontario has a difficult time even understanding his or her electricity bill, let alone comprehending all the costs borne by the Independent Electricity System Operator (IESO), the Crown Corporation that manages provincial electricity supply and demand.
Fortunately for the rest of us, one man spends a lot of time monitoring IESO’s purchases and costs. His name is Scott Luft, and he reports his analysis on a blog entitled “Cold Air.” He takes publicly available data from IESO and translates it into something meaningful. Two tables recently published by Scott Luft tell us a great deal about what has happened to the “commodity cost” of electricity in Ontario since 2006, and especially about the breakdown of costs in 2013. The commodity cost is the charges that IESO pays for the actual power that it purchases from generators plus additional costs that are added on by order of the provincial government. It excludes the cost of electricity transmission and distribution and other special charges like HST.
Read the full article here.Ontario’s Electricity Tragedy by the Numbers (revised)