The news is in Hour 21(9pm) of Monday the 26th, which saw Ontario importing more electricity than it was exporting. That's the first hour of 2012 that we have been a net importer.
Demand was down from last year (by about 1900MW per hour!), negative pricing occurred frequently, and steam bypass at Bruce B units not only occurred, but was sustained for days.
The IESO is likely to post the 2nd estimate of the Global Adjustment for March on Monday. The first estimate was $49.50/MWh, but with the HOEP down to $15.41, the plants we pay for capacity (CCGT) running at under 15% capacity factors for the month, the curtailment of non-utility generators one weekend, idling of nuclear units in addition to steaming off production .. I'll estimate it at $58.
I don't account for all those factors in the spreadsheet I estimate with - but here is the stats part of the estimate:
|GA With $30M||$56.42|