17 August 2015

$221 million lost in just one month

You ever wonder why Ontarians have the highest electricity bills in North America?
Ontario received payment of those June 2015 exports at the hourly Ontario electricity price of $15.31 per megawatt hour ($29.1 million). However, the cost to produce and transmit that was $131.43/MWh which means it cost Ontario ratepayers $249.9 million.

Perhaps it’s time for Premier Wynne to realize that the losses on our exports represents a “green tax” on all of the ratepayers in Ontario
(h/t reader Rich)

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RELATED: Flirting with bankruptcy

Is Ontario really gonna follow California down the toilet?