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Posts Tagged ‘wind power and hydro costs Ontario’

More news: this ship is sinking fast. Note Duguid’s comments about the 50,000 jobs being created by “green energy”—none of that is true, and the jobs that are being created come at a price tag–according to Randall Denley of The Citizen, and the experience of other countries like Germany and Spain–of over $300,000 PER JOB.

A new wind action group was born in Ontario this week, too. The citizens of Whittington Ontario are fighting for democracy.

October 14, 2010

Green power driving up prices: Hudak
By ANTONELLA ARTUSO, QMI Agency
 

TORONTO — Ontario Progressive Conservative leader Tim Hudak said he won’t rip up signed energy contracts, but the days of attracting solar and wind power to the province with pledges of highly lucrative rates would end under a PC government.

A Hudak government would also seek out “willing hosts” for energy projects and allow people to opt back to flat electricity rates, he said.

“Energy policy is about economics and stop treating it like a social program,” Hudak said in breakfast speech Thursday hosted by the Ontario Energy Association. “Quite frankly, we cannot continue to pursue green energy policies that unnecessarily drive up the cost for consumers and have punitive impacts on our broader economy.”

With the provincial election less than a year away, and the Ontario Liberals taking heat on rising hydro rates, many players in the power sector were interested to hear Hudak’s vision for energy.

The PC leader said he would hit the green light on new nuclear and water power.

Hudak said he would also put a consumer advocate into the Ontario Energy Board — the body that regulates the province’s electricity and natural gas sectors in the public interest.

While he isn’t dismissing renewable energy, Hudak said wind and solar power can’t continue to be purchased at guaranteed prices well above the market rate for electricity.

The Liberal policy on green energy is driving up hydro prices, he said.

Hudak said one of the measures most needed in electricity is consistency and long-range planning, criticizing both the Liberals who just pulled the plug on a natural gas Oakville power plant after inking a deal, and on his own government under former Conservative Premier Ernie Eves who pulled a “180” when it abruptly abandoned its own plans for the electricity sector.

Energy Minister Brad Duguid said Hudak’s vision is backward-looking and would return the province to a time when it was forced to rely on dirty sources of energy.

It’s the Liberal government’s commitment to finding additional cleaner sources of energy that has given the system the option of nixing the Oakville plant, which is no longer needed to meet electricity demand, he said.

“With (Hudak’s) policies, there’s no question there would have to be a gas plant in Oakville because we wouldn’t have the flexibility to consider any other options,” Duguid said, predicting the Tory leader’s views on hydro would kill many of the 50,000 jobs that the Liberal’s Green Energy Act is creating.

To contact the North Gower Wind Action Group, email northgowerwindactiongroup@yahoo.ca

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The IESO has this cute little graphic indicating the current production of energy from industrial wind turbines in Ontario, always with a pithy description like “Enough to power homes in Parry Sound” or some such. The truth is more like, well, we COULD have powered 100,000 homes today but really, we generated enough for about six hairdryers.

Here from the IESO website, is the total energy production in Ontario for yesterday, June 13th. Listed is the capability and actual. Wind power is a complete joke…it simply doesn’t work. And June 13th is not an anomaly, either: every day indicates similarly disappointing results.

(Sorry, the entire spreadsheet won’t fit: to see it, go to http://reports.ieso.ca/public/GenOutputCapability/PUB_GenOutputCapability_20100613.xml )

//

Hours 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
 
WIND Total
Capability
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
1085
Output
59
62
64
42
19
24
33
56
80
62
51
51
46
44
42
30
27
31
35
34
18
19
34
34
AMARANTH
Capability
200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200
Output
20 17 11 14 5 2 6 19 22 15 4 14 7 1 0 1 1 1 3 4 2 1 1 1
KINGSBRIDGE
Capability
40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40
Output
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1
PORT ALMA
Capability
101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101
Output
3 3 6 5 2 2 1 0 2 4 5 9 14 18 25 17 21 24 18 8 1 0 0 0
PORT BURWELL
Capability
99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99
Output
2 0 0 0 0 0 0 0 0 0 0 0 0 3 4 3 2 3 1 0 0 0 0 0
PRINCEFARM
Capability
189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189 189
Output
7 12 13 6 1 0 1 0 0 0 0 0 0 0 0 0 0 2 12 11 6 4 10 6
RIPLEY SOUTH
Capability
76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76
Output
0 1 2 2 0 0 0 1 0 0 1 1 1 1 1 1 1 1 1 0 1 1 1 1
UNDERWOOD
Capability
182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182 182
Output
10 1 4 0 0 0 1 17 41 21 11 0 0 0 0 0 0 0 0 0 0 0 0 0
WOLFE ISLAND
Capability
198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198 198
Output
17 28 28 15 11 20 24 19 15 22 30 27 24 21 12 8 2 0 0 11 8 13 21 25

Look especially at Wolfe Island which is 2 1/2 hours south west of us near Kingston: it is an area with greater wind potential than North Gower, but look how little is being achieved. Why is North Gower even a candidate for wind power when the wind potential here is marginal? Why is $20 MM being spent for very little return (except to the corporate wind developer)?

WHY is the province spending so much money on wind power generation when it clearly doesn’t work and will NEVER meet Ontario’s needs for power?  Ratepayers and taxpayers are footing the bill for this huge mistake: expensive, unreliable, intermittent and inadequate wind power.

To email us northgowerwindactiongroup@yahoo.ca

News daily at http://windconcernsontario.wordpress.com

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We’ve been asked to provide facts on the wind development industry, specifically as it could affect North Gower. But perhaps a view of the bigger picture is needed, and that is the state of Ontario’s hydro supplier. This was written by a retired banker who actually looked at Ontario Hyrdo’s annual report in detail… and saw some serious warning signs.

The article is from the Financial Post but here it is:

Ontario power risk 
Posted: February 24, 2010, 10:39 PM by NP Editor 
http://network.nationalpost.com/NP/blogs/fpcomment/archive/2010/02/24/ontario-power-risk.aspx 

By Parker Gallant 

On Feb. 11, Hydro One, Ontario`s electricity transmission giant, released the company’s annual report along with a statement from CEO Laura Formusa announcing that all was well. In 2009, Hydro One “met its net income target and made important progress on a number of strategic fronts.” 

End of story, apparently. No major media reported on Hydro One’s annual statement to “investors,” as the company puts it, even though the report is a dog’s breakfast of warning signs and bizarre trends that spell trouble. 

As a retired banker, I had a look at the financial information in Hydro One’s annual report. Comparing results from one year to the next gives clues on where a company is headed and what that means for investors, in this case electricity consumers and Ontario taxpayers. Hydro One’s numbers should alarm both of the affected parties. 

Net income in 2009 of $470-million may have “met target,” but it is down 6% or $28-million from the previous year, even though revenue rose $147-million to $4.7-billion. Why the drop in net income? Rising costs, with operations, maintenance and administration up by 9.5% or $93-million, reflecting increases in salaries and benefits. 

The cost of power also rose by 6.6%, or $145-million. Wind and solar power costs are higher and other producers that supply nuclear and other forms of power are presumably being paid more. 

Then there’s the debt, up 18.7% to $10.4-billion, as Hydro One borrowed $1.6-billion to pay for new transmission lines to hook wind and solar power to the grid and to purchase a fleet of smart meters. More debt is on the way. 

As debt rises, Hydro One’s debt-to-equity ratio weakened from 1.71:1 to 1.91:1. It borrows money to pay for capital costs surrounding the province’s Green Energy Act and puts the company at risk of a debt ratings downgrade, which will drive borrowing costs up. 

Return on equity is down to 8.7% from 9.7% in 2008, indicating an overall decline in the value of the company. Return on assets fell to 3% from 3.5%. As a result, the dividend payment to the province was $188-million, down 27.4%. But the CEO says the company is “on target.” 

Even though revenues and costs are rising, and profit falling, Hydro One handles less electricity — 139.2 terawatts, a decline of 6.4%. The cost of distribution per terawatt was up by 14.9%. Operations and maintenance costs keep rising as power transmitted declines. The number of employees rose 7.7%. Since 2002, when the company had 3,933 employees to distribute 153.2 terawatts, total employment has jumped 38% to 4,400 to distribute 9% less power. Are these additional 1500 staff working in the field or at head office working on rate increase applications? 

If you review the notes in Hydro One’s report you find that they installed 433,000 smart meters in 2009. Hydro One must install those meters, as required by the Energy Conservation Responsibility Act passed in 2006 by Dalton McGuinty’s Liberal government. The notes disclosed that it cost the taxpayers approximately $332-million or over $750 for each smart meter installed during 2009. Hydro One will be levying a charge each and every month to recover those costs as soon as the meters are activated. 

Some Ontario power consumers are already being billed for smart meters and Hydro One has submitted applications to the Ontario Energy Board to increase the monthly fees for smart meters to approximately $2.50 per month this year and $4.50 per month in 2011. With 1.2 million meters already installed, that will increase their revenues by over $65-million in 2011. At those rates it will take them approximately 13 years to recover the costs. Anyone in business will tell you that this length of payback time is not a smart investment. Ontario power consumers should get ready for more increases to cover off these costs. 

This is only the tip of the iceberg. As expensive electricity coming from wind and solar power slowly works its way through the system, many more rate increases will follow. 

For some reason, none of this was news when Hydro One released its annual report earlier this month. At the corporate level within Hydro One, everything is apparently on target. But they don’t tell us what the target is, not just at Hydro One but throughout the whole Ontario power system. Soon, Ontario will have the highest electricity rates in North America. 

Financial Post 
Parker Gallant is a retired Canadian banker who developed an interest in his monthly electricity bill and didn’t like what he was seeing.

Be sure to read ALL Parker Gallant’s articles at The National Post; they appear in the Financial Post “Comment” section, and are online.

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