Originally Posted by DeepFrz
Not quite this simple. One of the reasons for the excess power is that the Nuclear plants can't be throttled back. Another is that Ontario sold off some 51% of the power system to private companies. Isn't free enterprise wonderful? You forgot to mention that Toronto has not had a "smog" alert since 2015 (I believe) since they shut down the coal-fired plants (or converted them to natural gas). The savings in health care
costs will be huge. That doesn't just benefit Toronto residents but the whole population of southern Ontario. Bring on the green revolution.
The nuclear supply was a constant known value and has nothing to do with the daytime oversupply in Ontario. Ontario sold 49% of Ontario Hydro on the market and limited any individual company or person to a very small percentage of ownership
. Most of the shares were purchased by gullible citizens of the province as no company would buy shares in a company that would still be controlled by the government and be run in such a haphazard way.
Because of the political boondoggle in shutting down the coal fired plants and the cancellation of contracts to appease nimbyism for 2 new gas fired plants in Toronto to win a provincial election, Ontario Hydro is a mess. Add to this the misguided subsidization of solar and wind
that offered up to 0.81$ kwh at its peak and required purchasing
domestically produced equipment
for these installations that resulted in the Government being sued by foreign manufacturers under various free trade
agreements and it resulted in a huge increase in debt for Ontario Hydro as well as all those new solar panel manufacturing plants shutting down. No other industry in Canada
would be forced to bear the costs of such political decisions. Of course all these costs were then added to the bills of consumers.
My sister pays .05$ kwh in Alberta and Quebec
consumers pay even less. Manufacturers are leaving Ontario and Companies are setting up facilities in Quebec
where power is less than half of what it is here.
It is estimated that up to 3000 new coal fired plants will be built throughout the world by 2020 and none of these in the developed economies. Manufacturing moves to these sources of cheap
power and labour resulting in loss of jobs and livelihood for Western Countries. At the same time we introduce carbon taxes which cannot be imposed on foreign corporations due to free trade
agreements with developing countries. At the same time we continue to give billions to foreign countries to subsidize their own green energy programs (lol) so that we can appease the Greens in our own country.
Smart meters were introduced in Ontario several years ago which penalized consumption of power during the peak day time use period. Power produced during the day is now cheaper than power produced at night and yet we are still paying higher rates during the day. Why are we giving away our excess power or actually paying the US to take our power during the day and yet we are still charging
consumers a higher rate for daytime power. Makes a lot of sense.
Before we put in the solar system and are now able to store our produced power on Ontario Hydro's grid (not really true but) our monthly hydro bills would be as high as $800.00 month, especially in mid winter or summer when heating
with electricity. Now our annual bill is approximately
$1,200.00 saving us a minimum of $5,000.00 per year. This required a $45,000.00 investment but hey money
is cheap today and the system will last at least 20 years before upgrading and by then solar technology will have at least doubled the capacity of the same size array.
Thank You Ontario taxpayer!!!