05-17-2016, 06:51 AM
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Apocalypse
Industry Role:
Join Date: May 2007
Location: Limbo
Posts: 3,043
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Quote:
Originally Posted by BlackCrayon
if ontario wants everyone to use electric they need to reduce rates to pre 2006 levels but of course that will never happen. rates will only continue to rise as there is so much work that still needs to be done to the infrastructure to prevent another 2003 blackout from happening aside from pockets needing to be filled.
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Bingo.
Ontario projects steady rise in electricity costs for next 20 years
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The price of electricity is set to rise steadily in Ontario over the next two decades, with the most dramatic increases in the next five years.
The province’s long-term energy plan, released Monday, projects a 42-per-cent jump in home power bills by 2018, climbing to 68 per cent by 2032. The cost for industrial enterprises will also rise, by 33 per cent in the next five years and 55 per cent in the next 20.
[...]
Instead of building new nuclear plants, the plan concludes that refurbishing 10 reactors at Darlington Nuclear Generating Station and Bruce Power, starting in 2016, will be cheaper. Nuclear power would supply 42 per cent of the province’s electricity in 2025, down from 59 per cent this year. Gas-fired generation is also projected to decrease slightly over the next 20 years.
The difference would be made up in part by wind power, which would nearly triple by 2032, with the government scheduled to seek bids for new turbines next year. Hydro-electricity generation is projected to climb a little over 16 per cent.
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From the comments for that article:
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Incompetence, or corruption?
Ask who, if anyone, profited from the pricey green power deals.
Perhaps Mike Crawley, current President of the Liberal Party of Canada, who founded AIM PowerGen Corporation, a wind power developer, owner and operator? Mike sold AIM to International Power Inc. in 2009, and is currently listed as president of International Power Canada, Inc.
The feed-in tariff program that made AIM successful began in 2006 and was revised in 2009, just as Mike Crawley had the good sense to sell out. The feed-in tariff program was then scaled back, because even then, it was apparent that Ontario was headed towards financial distress and the power price increases we're reading about today.
If it is corruption, the fellow who is president of the political party that Justin Trudeau currently leads looks like the most beneficially effected individual.
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But hey, we are all supposed to feel good about it because it's "green".
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