By Don Butler, Postmedia News Windsor Star
Ontario producers sold a record amount of electricity to neighbouring jurisdictions in December. But if you think that’s good news, think again.
What it really means is that Ontario has so much surplus power, it has to unload it at whatever price it can get. And lately, market prices have been well below what Ontario residents pay for the same electricity.
Because wholesale electricity prices are in the basement, “we’re losing money on every kilowatt hour that crosses the border,” says energy consultant Tom Adams. He calculates that Ontario customers paid $52.8 million last month to subsidize electricity users in the United States and Quebec. Continue reading
Tom Adams, Energy Consultant
Electricity prices in Ontario are “going up like a rocket,” fuelled in part by the Ontario government’s Green Energy Act, says a longtime observer of the province’s energy scene.
“You are going to get screwed, and it’s going to be painful,” said Tom Adams, a Toronto-based consultant and a former executive director of Energy Probe.
“We’re talking about hundreds of dollars a year out of your pocketbook that didn’t need to happen. I’m livid about it. People should be outraged.” Continue reading
Another brilliant piece by Tom Adams….
As even the carpet baggers now exploiting the Green Energy Act subsidies are now publicly warning, the subsidies can’t last. But will McGuinty’s Green Energy Act die a death of a thousand cuts or will it die in a constitutional fireball?
As discussed previously on this blog and in one of my Youtube videos, McGuinty included in his cherished Green Energy Act – engineered to build his legacy – a vicious attack on our most important Parliamentary right, the requirement that our elected representatives must vote in all government spending. How could the Ontario Public Service’s sharp lawyers have allowed this provision, offensive to the Magna Carta Libertatum of 1215, the very foundation of our society, to remain in the legislation?
The story of how this rot started illustrates the vapid core of McGuinty’s imperious energy schemes for Ontario. Read the entire article on Tom Adam’s Blog
Download Tom Adam’s Review of “A rational framework for electricity policy”
The Green Energy Act construct is unstable and unlikely to persist for long. The coming rate shock has recently been analyzed by Bruce Sharp of Aegent Energy Advisors. He forecasts a residential rate hit in the order of 28% by the end of 2011. About half of this overall hit can be associated with Green Energy Act and related influences. The only historic precedent for a rate increase of this magnitude arose in the early 1990 due to the entry of Darlington into the rate base. The rate increases at that time marked a significant drop in public confidence in the power system. Direct policy implications ensued including the arrival of Maurice Strong at Ontario Hydro and his declaration that it was a “utility in crisis”. ~Tom Adams, independent energy and environmental advisor.