As the government loses control of electricity pricing, the Ministry of Energy continues to put out a monthly press release on exports that would make Baghdad Bob blush.
April 12, 2012 1:00 PM
2012: 2nd highest year for volume, lowest revenue in 5 years
Ontario's electricity market generated over $14 million in March by exporting electricity to other states and provinces, bringing total net export revenues to over $55 million this year.
This revenue helps Ontario:
Keep costs down for families
Build and maintain a clean, reliable and modern electricity system
Following the reference to the data that is the basis of their claim, it is based on 0.9 TWh of exports, which would be 1.6 cents/kWh (and that is exaggerated due to rounding). This is far below the rate net exports claimed in previous years, and far below the rates we pay generators to produce the exported power.
The rate for Ontario's businesses will rise to around 7.8 cents/kWh for March 2012. 5 times what export customers paid.
Looking at the historical data from the IESO, since 2005 the McGuinty government has been helping Ontario's families by jerking up rates in Ontario while dropping the rates for export customers.
|Rate caps didn't allow the charges in 2003-04|
But not as expensive as the cheapest procurement contract this government has signed since 2008.
Ontario's energy policies continue to raise rates within Ontario, while dropping them outside of Ontario.
Ignoring the issues causing that to happen will not make them go away.