Idiots are running Ontario. (Ruining … running … same difference)
Ontario continues its buy-high, sell-low policy for electricity by wasting cheap hydro in favour of expensive, intermittent wind. And the government is contracting for more, says Parker Gallant.
Wind generation cost @ $133/MWh (1.7 TWh @ $133 million per TWh = $226 million)
+ gas generation backup of 330 MW (assuming an average of $12,500 per MW per month and 60% capacity generation per MW) = $150 million
+ the cost of spilled hydro @ $44 million per TWh = $75 million for 1.7 TWh.
The total cost (without inclusion of steamed-off nuclear, cost of solar power, losses of revenue for exports, etc.) is
$451 million for the 1.7 TWh OPG spilled.
Cost to Ontario ratepayers for the 1.7 TWh OPG spilled cost ($451 million/1.7 TWh) = an average of 26.5 cents per kWh.
What this means: the Green Energy Act and its many flaws has created a situation where publicly and privately owned generators suffer no consequences from producing power “out of sync” with demand, and as a result, electricity ratepayers are penalized by paying six times the actual cost for a kilowatt of electricity (including a built-in profit).