EDP wind turbine and home at South Branch project, Brinston, Ontario. Photo by Ray Pilon.
October 21, 2016
Portugal-based power developer EDP Renewables is holding an Open House for its Nation Rise wind power project on Tuesday, October 25, from 4-8 PM in Finch Ontario, at the Finch arena.
The 100-megawatt power project is located completely in the Township of North Stormont; it was one of five to receive a contract from the Independent Electricity System Operator (IESO) earlier this year, and one of three projects to win a contract despite being proposed in an unwilling host community.
The contract is worth $436 million over 20 years.
In September, the IESO announced that Ontario has a surplus of power and that the new contract process scheduled for 2017 is now suspended. The IESO did not announce plans to cancel any of the contracts for more unneeded wind power announced a few months previous, despite IESO representative statements that the contracts are contributing to Ontario’s electricity bills.
Citizens of the area have formed a community group Concerned Citizens of North Stormont, and vowed to fight approval of the project, including legal action in future if necessary.
People gather at EDP Renewables open house in August, 2015
The Mayor of North Frontenac has written to Energy Minister Glenn Thibeault on behalf of all the 115 municipalities demanding change to the Large Renewable Procurement process. While relieved the next round of bids is “suspended,” he says, the municipalities say more can be done to stop the dramatic rise of Ontario electricity bills.
October 5, 2016
Mayors across Ontario who united together as a result of a resolution being supported to have municipal support mandatory for industrial wind turbines are relieved that procurement of future wind power has been cancelled for now. The Mayors still feel however that the government needs to take very aggressive actions to address the ongoing crisis caused by high electricity costs in this province. Taking steps to not add $2.45 per month in 2020 does not address the real hardship being felt by our residents now. It is also not clear that the other measures announced by the government will even offset the ongoing increases in hydro rates that can be expected in the short term unless additional changes are made.
It was important that the Minster of Energy’s statement confirmed that the province has a “robust” supply of electricity and the procurement process could be cancelled without increasing greenhouse gas emissions. This provides room for more aggressive actions that will address increasing costs. Our tracking of wind turbine contracts shows that there are still many wind turbine projects in the pipeline that will add at least another $7.9 billion to electricity generating costs. This is equivalent to another $82 per annum for each Ontario electricity user. Seven of these projects are under construction but will not be connected to the grid until sometime this fall or in 2017. Another five have not been issued ‘Notices to Proceed’ as they are, or have been until recently, involved in Environmental Review Tribunal proceedings or other legal appeals of Renewable Energy Approvals. The final six projects are in the pre-MOECC submission stage. These include the five contracts issued in early 2016 plus one outstanding project from earlier FIT offers.
In all of these cases, the IESO has the option of terminating the agreement for any reason with very limited cost liabilities relative to the 20 year commitment to electricity that is not required. We respectively ask that all industrial and solar wind projects be cancelled to avoid ongoing costs to our residents.
Bids were to be accepted beginning early in 2017. But Ontario now says it has enough power and wants to take steps to reduce electricity bills, so it doesn’t need the new renewable power capacity.
September 27, 2016
Moments ago, the Wynne government announced it is suspending its controversial Large Renewable Procurement program for sources of power such as wind and solar.
“Ontario will immediately suspend the second round of its Large Renewable Procurement (LRP II) process and the Energy-from-Waste Standard Offer Program, halting procurement of over 1,000 megawatts (MW) of solar, wind, hydroelectric, bioenergy and energy from waste projects. …
On September 1, 2016, the Independent Electricity System Operator (IESO) provided the Minister of Energy with the Ontario Planning Outlook, an independent report analyzing a variety of planning scenarios for the future of Ontario’s energy system. The IESO has advised that Ontario will benefit from a robust supply of electricity over the coming decade to meet projected demand.”
Wind Concerns Ontario(and two Auditors General for Ontario) has been saying for years that a cost-benefit analysis of the renewable energy program was never done, and should have been.
“Now, the impacts of this program are clear,” says President Jane Wilson.”We have unsustainable and punishing rises in electricity bills for the people of Ontario, with a corresponding rise in rates of energy poverty, while there is no evidence of any environmental benefit. In fact, there are widespread concerns about the damage being done to the environment from this high-impact form of power generation.”
Wind Concerns Ontario says that in addition to suspending the Large Renewable Procurement program, contracts for power projects not yet under construction need to be cancelled immediately.
“The government admits it has adequate power,” Wilson says. “There is no need to continue this assault on Ontario citizens, on our economy, and on the natural environment for little or no benefit.”
The Windlectric wind power project on tiny Amherst Island has no hope of meeting its “drop-dead” Commercial Operation date, so Ontario’s Independent Electricity System Operator (IESO) can cancel the Feed In Tariff (FIT) contract right now, with no penalty, says the Association to Protect Amherst Island.
See the letter to IESO Chair Tim O’Neill here and below.
Dear Dr. O’Neill,
In August 2015 The Association to Protect Amherst Island requested that the IESO exercise its ability to cancel the Fit Contract dated February 25, 2011 with Windlectric Inc. (Algonquin Power) without penalty because of the inability of the company to achieve its commercial operation date.
In its 2016 Q2 Quarterly Report, extract attached, Algonquin now advises that construction is expected to take 12 to 18 months and that the Commercial Operation Date will be in 2018. This timeline is contrary to what was submitted to the Environmental Review Tribunal and to the Ontario Energy Board. A COD of 2018 is seven years from the date of award of the contract.
Cancellation of the contract at this time would enable the IESO to achieve cost avoidance exceeding $500 million over the next 20 years based on the high cost of power generation at 13.5 cents per kilowatt-hour set out in the contract with Windlectric and based on the IESO’s commitment to pay Windlectric to not produce power when capacity exceeds demand. Cancellation of the Windlectric contract could be achieved without penalty due to noncompliance and would address in part the IESO’s budget challenges and energy poverty in Ontario.
Accordingly, the Association reiterates its request that IESO cancel the FIT Contract with Windlectric Inc.
Rick Conroy, in the attached article from the Wellington Times, explains the Kafkaesque and cruel nature of allowing the Amherst island project to continue especially in light of the unused power capacity of the nearby Lennox Generating Station and the Napanee Gas Plant under construction.
• Windlectric cannot comply with the Commercial Operation Date in its FIT Contract.
• At a time of skyrocketing hydro rates and financial challenges the IESO could save $500 million over the next 20 years by cancelling the Windlectric Contract without penalty.
• Existing nearby generating capacity is almost never used and will increase when the Napanee Gas Plant comes online. Intermittent and expensive power from wind turbines on Amherst Island is not necessary
Finally, please provide the IESO’s understanding of the Commercial Operation Date for Windlectric, any extensions awarded by the IESO, and the number of days granted due to Force Majeure and judicial matters.
Ontario gives away $4.5B in ratepayer dollars; Energy Minister Chiarelli persists in directive to add more intermittent, expensive wind power
Electricity costs up 97 percent in Ontario: power surplus exports rising
February 8, 2016. Reposted from Wind Concerns Ontario
The GA or Global Adjustment first made its appearance on IESO’s Monthly Market Report in January 2007. As noted in the chart below, that year, the GA finished 2007 at $3.95 per megawatt hour (MWh) which means it cost Ontario’s electricity ratepayers about $600 million for the full year. In, 2015 the GA was just shy of $10 billion.
To be fair, the GA includes the price of “contracted” power, less the value given to it on the hourly Ontario electricity price (HOEP) market. As a result of Ontario’s high surplus of generating capacity and the intermittent presentation of wind and solar in periods of low demand, has resulted in the HOEP showing declining values. Despite declining values the cost of a kilowatt hour (kWh) of electricity increased from an average of 5.43 cents/kWh to 10.7 cents/kWh from November 1, 2007 to November 1, 2015 — up 97%. The upsetting part, and a driving force behind the 97% increase is surplus generation sold to our neighbours. We sell excess output to New York and Michigan, etc. without inclusion of the GA. The GA lost on those sales is charged to Ontario ratepayers and has become increasingly large. The chart indicates the “intertie flows” (exports/imports netted) initially cost Ontario ratepayers $20 million for 2007, but that has increased, and representing more $1.3 billion for 2015.
It is anticipated the annual cost of subsidizing surplus exports will continue to climb.
Scott Luft notes results for January 2016 are 20% higher than January 2015 for the cost of electricity as the HOEP was lower despite what Ontario’s Liberal government says about pricing stabilizing. With plans to add 500 MW of capacity for wind and solar, the climb will continue for at least another two years. Energy Minister Bob Chiarelli recently stated: “Our government’s focus is now on preparations for the next long term energy plan and the ways in which we can continue to drive down costs for Ontarians”. (Note to the Minister: a 97% increase does not “drive down costs”!)
Further reference to the chart points out addition of more wind and solar over the past nine years has driven up the percentage of renewables exported. The “Net Intertie” (net exports) increased from 19.6% in 2007 to over 57% in 2015.
What the Energy Minister needs to accept is this: we don’t need more intermittent and unreliable power.
That message is not getting through, despite evidence presented by the Auditor General of Ontario on several occasions and by numerous critics in the media.
Costing ratepayers $4.5 billion in after-tax dollars to help our neighbours is what’s happened. Perhaps Minister Chiarelli could suggest to Finance Minister Charles Sousa, that the money extracted from ratepayers provides no benefits to Ontarians. Perhaps a tax receipt is in order — that would help cash-strapped citizens, but there is a better idea.
The Energy Minister needs to immediately recall his directive to the IESO to acquire another 500 MW of contracts for intermittent wind and solar power.
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.
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.”
Because some of our power generated from Niagara Falls1. and other sources in September was sold as surplus power for just 3.19 cents per kilowatt-hour (kWh), we’re actually helping Buffalo offer those attractive electricity rates.
This fact should remind all Ontarians of the promises made to us by the Ontario Liberal government when it enacted Bill 150, the Green Energy and Green Economy Act (GEA). The April 8, 2009 Standing Committee on General Government transcript on Bill 150, with the then Ontario Energy Minister George Smitherman on the stand, elicited this response to a question posed about the effects of the GEA on electricity prices:
“We anticipate about 1% per year of additional rate increase associated with the bill’s implementation over the next 15 years. Our estimate of cost increases is based upon the way that we actually amortize costs in the energy sector.”
Let’s look back to September 2009, the year the Legislature passed the GEA, when Ontario demand for electricity was 10,932,000 megawatt hours (MWh) and compare to September 2015 when Ontario demand was slightly higher (+3.8%), reaching 11,362,000 MWh. IESO’s monthly summary for September 2009 indicates the “average weighted cost” (all-in) to consumers was $82.73/MWh whereas the “average weighted cost” for September 2015 was $125.35/MWh.
That translates to an increase of $42.62/MWh or 4.26 cents per kilowatt-hour (kWh), and cost ratepayers $453 million extra for just one month. Looking at this in a slightly different way, the extra MWh we consumed for September 2015 versus 2009 came at a cost of $1,196 each or $11.96 per kWh, had generation and delivery costs remained the same through those six years.
It is clear costs to ratepayers have already become a multiple of the Smitherman promise … and we still have nine years left in his forecast.
The Auditor General pointed out the Energy Ministry failed to complete a cost/benefit study before implementing the GEA. There was never any acknowledgement or accounting for the intermittent nature of renewable energy, the fact power is produced when it’s not needed, and the need for renewables to be backed up with other generation (along with transmission line costs to bring it to where it’s needed) was apparently never considered.
And now, in spite of the evidence of the past six years, the march continues to add more wind and solar to the Ontario grid, which means Buffalo and other jurisdictions will reap the rewards.
As Buffalo adds manufacturing jobs, Ontario is shedding them. Ontario’s electricity ratepayers are wondering, what will the next nine years bring?
The Ontario Energy Board (OEB) reported their semi-annual bad news via the News Release that always contains depressing announcements about upcoming rate increases. Couched in words meant to assuage the reader, is this statement: “The price is increasing by approximately $4.42 per month on the ‘Electricity’ line, and about 3.4% on the total bill, for a household that consumes 800 kWh per month.”
The OEB doesn’t issue a press release when your local distribution company increases their rates, part of the “total bill,” so that reference is meaningless.
If you look at the actual price rise from November 1, 2014 to November 1, 2015 the increase is considerably more than 3.4%. In fact the increase on the charge for the “Electricity” line is 12.8% excluding the HST applied on that increase. The charge for electricity for the “household that consumes 800 kWh per month” increased by a total of $130.31, not the $53.04 that the OEB infers. Even using the “average” RPP (regulated price plan) posted on their site and comparing November 1, 2014 to November 1, 2015, you get an increase of 12.5%!
Costs from renewables are one-third of the increase
Looking further that what’s in the OEB News Release, we find that they attribute the increase as follows: “Increased costs from Ontario Power Generation’s (OPG) nuclear and hydro-electric power plants make up about 40% of this increase. Costs from renewable generation sources are another driver, representing about one-third of the increase.” I emphasized the last sentence as it doesn’t reflect certain facts about renewable generation (principally wind and solar), including the need to pay OPG for spilled (unused) hydro power, payments to gas plants to idle (ensuring power is available when the wind dies down or the clouds cover the skies), or directions to complete marginal generation (Mattagami’s project cost was $2.6 billion) which produces power when it’s not needed, in the Spring and Fall periods when Ontario’s demand is low.
Millions lost in one day
You need only look back to October 13, 2015, a windy day when the industrial wind turbines were cranking out unneeded power. The reported 3,450 MW of wind capacity was spitting out an average of 2,200 MW per hour, at a cost for the whole day of $6.5 million. Ontario was busy exporting 2,228 MW every hour that day, being paid 1.8 cents a kWh and at the same time, paying wind developers an average of 12.3 cents per kWh—we lost more than $5.5 million. That’s just one day!
Now if the OEB were really transparent, they would bring these issues to the forefront.At a minimum, the people who write news releases for the OEB should also be required to take some remedial math courses!
Ontario electricity customers should demand that the Ontario Energy Board, whose mission is to “regulate prices in the public interest,” demonstrate factual reporting and provide consumers with the truth about rate increases.
Ontario ratepayer fatigue: covering the costs of bargain basement sale of surplus power from wind and solar
When will it end?
Another month goes by and another $168 million from Ontario ratepayer’s pockets went to subsidize surplus electricity exports to our neighbours in New York, Michigan and Quebec. The month of August saw another 1,759,000 megawatts (MWh) or 1.76 terawatts of excess electricity generation exported. That cost Ontario’s electricity ratepayers $209 million—the Independent Electricity System Operator (IESO) sold it for $41 million.
The 1.76 terawatts (TWh) sold at the big discount was enough to supply 183 thousand “average” Ontario households with power for a full year. That sale brings our exports to 15.09 TWh for the first 8 months of 2015, enough to supply almost 1.6 million “average” households with power for a full year!
The costs of those export losses fall to all ratepayers; for the eight months ended August 31st, that means a “green energy tax” of $1.4 billion, or about $300 per average household. Quick math will disclose that the average monthly cost is $177 million meaning the total cost for Ontario’s ratepayers in 2015 may reach $2.1 billion or roughly $460 per ratepayer. The 23 TWh we will probably export would have provided 2.4 million ratepayers with their average annual power needs.
What about wind power in all this? In August, wind produced 3.5% (459.3 gigawatts or GWh) of total generation (13.05 TWh) and just over 26% of our exports; solar produced about 29 GWh (not including “embedded generation”). Combined, they represented 27.7% of our exports which begs the question—what benefit do they provide and why do we keep adding more generation at subsidized rates, if we lose money because we must export our surplus generation?
That question is unfortunately not going to be answered any time soon, if we look at the recently released IESO 18 month outlook (Oct 2015 to March 2017). The IESO report notes:
“About 1,900 MW of new supply – mostly wind and solar generation – will be added to the province’s transmission grid over the Outlook period. By the end of the period, the amount of grid-connected wind generation is expected to increase by 1,300 MW to about 4,500 MW. The total distribution-connected wind generation over the same period is expected to be about 700 MW. Meanwhile, grid-connected solar generation is expected to increase to 380 MW, complementing the embedded solar generation capacity of about 2,200 MW located within distribution networks by the end of the Outlook.”
According to the IESO report, Ontario will add 1,700 MW of generation from wind and solar generation over the next 15 months, which brings wind turbine capacity to 5,200 MW and solar to almost 2,600 MW. This is clearly not needed or dependable.
The IESO report also highlights what we have been told by various business associations that have expressed concern about the effects of rising electricity costs: “For the three months, wholesale customers’ consumption posted a 5.9% decrease over the same months a year prior with Pulp & Paper, Iron & Steel and Petroleum Products accounting for most of the reductions.”
That’s evidence that our primary processors are exiting Ontario, in large part because of high electricity prices, taking jobs with them.
The Ontario Wynne government is bent on ensuring Ontario leads the way to the highest prices of electricity in all of North America; they have only a couple of jurisdictions to overtake.
Wind almost 40% of exported power; cost of surplus export $437 million in just 3 months
The first quarter of the current year indicates Ontario is exporting record quantities of surplus electricity.
It appears to be part of the Liberal government plan as this excerpt from Finance Minister Sousa’s budget “Building Ontario Up” claims: “Through our four-part economic plan, we are supporting greater investment in productivity and innovation, providing a renewed focus on international exports, encouraging the transition to a low-carbon economy and creating more jobs for Ontarians.”
It would be better if our surplus electricity was exported profitably, instead of a cost to ratepayers, but alas, that is not the way the Liberal Energy Ministers past and present have structured the portfolio.
The first quarter of the current year saw Ontario export a record 6.65 TWh (terawatts) — that’s enough to power 690,000 average households for a full year.
Export costs up 75% in first quarter
The 6.65 TWh sold to our neighbours was up 75% from 3.81 TWh in 2014′s first quarter. We sold that surplus at prices well below what we received. Exports represented 17.5 % of Ontario’s demand in 2015 versus 10% in the same period in 2014. Wind (generated and curtailed) in 2014 was 2.05 TWh and 53.7% of Ontario’s exports; in 2015, wind grew to 2.61 TWh and was 39.2 % of our exports.
The concept of exporting is one that economists encourage; however, they expect it will be profitable, create jobs, and not burden the rest of the economy though subsidization. Subsidizing exports is often referred to as “dumping” and frequently challenged under the WTO (World Trade Organization) rules.
Cost to ratepayers is shocking
Examining the cost to Ontario ratepayers for the 3.81 TWh exported in 2014 and the 6.65 TWh exported in 2015 using data from the Independent Electricity System Operator’s (IESO) “Market Summaries” is shocking.
The 2014 first Quarter exports cost (average of $102.6 million/TWh) ratepayers $391 million to produce and was sold via the HOEP (hourly Ontario electricity price) market at an average of $75.54 million/TWh. That cost Ontario’s ratepayers $103 million. In 2015, the 6.65 TWh exported cost Ontario’s ratepayers $672 million (average cost of $101 million/TWh), and sold at an average of $35.4 million/TWh, costing Ontario ratepayers $437 million.
To put some context to the latter, the money lost exporting the 6.65 TWh was equal to 6.6 cents per kilowatt hour. The foregoing subsidy does not include other costs Ontario’s ratepayers pick up including: spilled hydro, steamed-off nuclear or payments to idling gas plants. The subsidies supporting exports is double what Energy Minister Bob Chiarelli suggests is needed to assist almost 600,000 “low-income” households to pay their hydro bills. Ontario’s ratepayers will start paying the latter January 1, 2015.
This analysis would not be complete without noting the cost of wind generation (two quarters) in 2014 was $252.7 million (average cost of $123.5 million per/TWh) and $322.5 million for 2015!
Perhaps our Finance Minister should “focus” on the harm to Ontario’s ratepayers instead of dumping our surplus electricity on our neighbours who are happy to take it and not raise the issue with the WTO. If the first quarter of 2015 is indicative of the full year, ratepayers will pick up $1.8 billion in subsidies to supply our neighbours with cheap electricity, while Ontario’s citizens struggle.
Parker Gallant, April 28, 2015
The views expressed here are those of the author and do not necessarily represent Wind Concerns Ontario policy.
EDITOR’S NOTE: Parker Gallant will be on the Rob Snow show on radio CFRA, Friday May 1st, to discuss this. Listen in an AM 580 or online at cfra.com
Ontario ratepayers on the hook for Ontario deficit
“Building Ontario Up”…to a huge disappointment
A letter directed to Energy Minister Bob Chiarelli, dated April 1, 2015, suggesting how he might stop the climb in electricity prices remains unanswered.
The budget preview posted on the WCO site April 19, 2015, however, has been verified. The Ontario Budget, “Building Ontario Up,” released by Finance Minister Sousa April 23, 2015 has lots of bad news for Ontario ratepayers.
Prior to the release of the budget, Sousa released a 191-page report: “Ontario’s Long-Term Report on the Economy,” which got no media attention. The report speaks to the wonders of how the current government plans for Ontario’s future will look, but with a caveat: “It is beyond the scope of projections of this nature to quantify the risks of global political disruptions, extreme weather due to climate change, major health emergencies such as pandemics, disruptive technologies or an increase in international conflicts. Any of these factors, in addition to other unforeseen risks, could significantly impact the long-term outlook for the Ontario economy.”
With respect to electricity, it had this to say: “This will mean pursuing lower-cost options to meet energy needs when and where they are needed and other initiatives to reduce the cost increases in electricity now and in the future. Compared to the previous plan, the 2013 LTEP is expected to reduce projected cost increases by a cumulative $16 billion in the near term (2013–17), and $70 billion by 2030.”
The take-away from the lack of a response from Energy Minister, Bob Chiarelli is that the Liberal agenda, as it relates to the electricity sector, is written in stone and ratepayers are now regarded as a “revenue tool.” Ratepayers are needed to pay for the agenda, to help balance the budget, and eliminate the deficit, despite the dishonest comment in the preceding quote.
The budget confirmed most of the preview forecast and included areas that extracts after-tax ratepayer dollars, despite the rhetoric in the “Long-Term Report on the Economy.” Non-budget Items, Reduced Spending and Increased Revenue from Ratepayers are three categories reviewed as follows.
►Non-budget Items affecting ratepayers
The budget claims the province is making “investments” falsely by extracting monies from ratepayers as the following quote about the “Northern Industrial Electricity Rate Program” (NIER) notes: “the government is committing to ongoing support for northern industrial facilities beyond March 2016, with continued investment of up to $120 million annually.”
The $120 million referenced will be paid by ratepayers, not taxpayers. It’s just one example. The rest include: the newly announced Ontario Electricity Support Program (OESP) for “low-income” households of $225 million (see below under “Reduced Spending”); the Class A to Class B shift for industrial consumers with peak demand of 3 Megawatts costing an estimated $200 million; the recently approved rate increase by the Ontario Energy Board for the OPG which increased electricity costs $600 million; and the anticipated increases in delivery charges for LDC (local distribution companies) of $600 million. Collectively the foregoing represent over $1.7 billion. This additional cost to ratepayers attracts the Ontario Portion of the HST (see below under “Increased Revenue”).
The Ontario Clean Energy Benefit will officially end December 31, 2015 meaning the forecast in the budget reduces this cost by $220 million; it will be followed in the next budget by a further reduction of $900 million. This reduced spending will than be paid fully by ratepayers and include the HST, raising costs another $145 million putting $90 million into Ontario’s sales tax revenue slot. The budget also shows a cut of $243 million in “Social Service” spending reflecting the advent of the OESP. Total reduced spending next year will be $450 million and in two years, will be reduced by $1.4 billion!
►Increased Revenue from ratepayers
The budget anticipates increased Payments in Lieu of Taxes (PIL) of $315 million. That means the province is anticipating huge profits being generated by LDC that will be directly taken from ratepayers’ pockets. In addition, the province’s portion of “sales tax” (forecast to increase $1.2 billion) on HST revenues will produce another $160 million for the 2015/16 year and in excess of $230 million in 2016/17. Increased Revenue will be $550 million.
Eliminating the double counting on LDC revenue (PIL of $315 versus forecast “Non-budget Item” of $600 million) and “Social Service” spending ($243 million) will saddle ratepayers with costs in excess of $2.1 billionfor budget year 2015/16 and $3.1 billion the following year—that’s without including the costs of the additional industrial wind and solar generation now in the contracting process!
The ratepayers in Ontario should be grateful the reduction in those “projected cost increases by a cumulative $16 billion in the near term (2013–17), and $70 billion by 2030” have been tackled by our incumbent government, or the excesses we have seen, past, present and future from the proliferation of industrial wind turbines and solar panels, would have driven all industry from Ontario and have us freezing in the dark and unable to buy groceries.
As it is, the budget claims: “Ontario remains the leading destination in North America for FDI”(Foreign Direct Investment). That particular claim fails to mention that as much as $25 billion of the “FDI” came from foreign companies rushing to Ontario to sign those lucrative ratepayer-backed wind and solar contracts, guaranteeing them 20 years of subsidies!
The current Liberal government has brought Ontario to the brink of the whirlpool. Unless they change their push for more wind and solar generation “Athens-on-the-lake” (a.k.a. Queen’s Park) and Ontario will be sucked into the abyss.