Sunday, July 22, 2012

Capacity Payments: The High Cost of Ontario's Collapsed Electricity Market Price

Price inflation of the electricity commodity in Ontario has been relatively muted, but the limited growth hides some deep structural problems.  This post will compare annual figures for 2008 to figures for the period from July 1, 2011 - June 30, 2012 (as did my previous post), by examining the purchase price of different categories of supply.  I'll be drawing from work I've done collecting production data (ie. here) and establishing estimated contract values for generators in showing which type of generation grew during this period of overall decline, which generation decreased, and the costs associated with the changes.

The changes in generator capacity are almost entirely related to Ontario's policies of eliminating coal, and growing renewables.  Nuclear and hydro capacity has changed little.  The renewables chatter disguised the rapid build-out of natural gas capacity, which has been expanding quicker than coal generation capacity is being removed.  Coupled with the increase in wind and solar capacity, the increase is significant.

Estimated Generation Capacity Changes Since 2008:


Generation has predictably grown most in the 3 source categories where the capacity has grown. While the total growth in the dollar value of the market is only $503 million, gas generation has grown by $1.25 billion, wind by $453 million, solar by $264 million [1], and spending on the Ontario Power Authority's conservation programs (funded through the global adjustment) has grown by $161 million. Altogether the increase is ~$2.1 billion dollars in the areas policy is designed to increase, with an increased 14.9 TWh of production while the market was contracting 17.3 TWh. Ignoring the conservation spending, the average cost of the increased gas/wind/solar generation is ~$130/MWh.

The total market shrinkage and new generation mean 32.2TWh (19% of 2008's total) must have been displaced. The declines came in imports, coal, and hydro generation; the 3 cheapest sources in 2008 (averaging $49.23/MWh).

Imports are a complex issue in Ontario. In the period from July 2011 - June 2012, there were no days when Ontario was a net importer, and only 286 hours where imports exceeded exports (3% of the time). It's possible to argue the bulk of imports are 'wheeled through' Ontario, particularly as the majority of imports come from Quebec, while the majority of exports go to New York and Michigan.  It's doubtful Quebec finds Ontario an attractive export market, as the market pricing is lower in Ontario than the other markets to which it connects.  Net imports is a far more useful metric, and those have shrunk by only 2.1 TWh (exports have shrunk along with imports).

The decline in coal production is accompanied, in my analysis, by a rise in the price per MWh from $55.42 in 2008 to $100.65 in the past 12 months.  This is an entry point to the murky subject of various methods that Ontario, primarily through the Ontario Power Authority (OPA) has developed to pay suppliers to be available when needed.  In 2008 coal production essentially received the market price, and there was a 'revenue limit' placed on the pricing that saw OPG's profits turned to a loss that year. During the most recent 12 months, OPG received "contingency support" payments for it's Lambton, Nanticoke, and Lennox generating stations.  I have estimated the hourly value of the payments at $12.30/MW of capacity for the coal units, and $8/MW of capacity for Lennox GS.   The argreements exist due to the need to maintain the availability of the generation capacity concurrent with a policy of minimizing the use of it (due to emissions).  For the coal units, this means that the costs of procurement in the past 12 months are about 1/3rd market price, and 2/3rd's capacity payments.[2]

5-year Henry Hub Natural Gas Spot Price (Closing)
The natural gas-fired generation also is heavily impacted by the OPA's contract structure emphasizing capacity payments.  My estimate of $100.54/MWh is up from ~$90 in 2008, while the price of the fuel has dropped significantly during that time.  To Ontario's south, the American Energy Information Administration (EIA) reported that in April Natural Gas was the source of as much generation as coal for the first time.  Average pricing for electricity is little changed in the USA since 2008; total generation is little changed, with growth there, as in Ontario, primarily in the natural gas and renewables sector.

I consider there to be two distinct classes of gas generators in Ontario.
Non-utility generators (NUGs) are older contracts, signed by Ontario Hydro and now managed by the Ontario Electricity Finance Corporation (OEFC).  These contracts generally result in generators running at high capacity factors (~66% on average).  Planners 6 years ago were looking to the end of the NUG contracts to provide some competition in pricing within the market, but the government squashed this through a Directive from the Minister.  Rates are currently estimated between $100 and $120/MWh, with payments based on output.

The second class of contracts have been negotiated by the OPA and contain guaranteed Net Revenue Requirements (NRR).  These generators are running at much lower capacity factors (%28) - particularly low considering the low cost of gas and the additional capital expenses of the largely CCGT plants contracted of late.  However, carbon reducing strategies, as those that are cited as the rational for OPG's 'contingency support' payments, appear to have led to the NRR capacity payment mechanism for recent natural gas payments.  Navigant Consulting has long held a contract to produce a document for the Ontario Energy Board to set regulated price plan rates (RPP).  Those documents have implied the NRR is ~ $7900 per MW month, of capacity, for the most recent plants.

Using $7900 per MW month, I had consistently estimated low on the supply side with these figures.  My method is, perhaps, overly simplistic in that I assumed the generators would only generate when the marginal cost of production was exceeded by the market HOEP rate, and that the full $7900 would be a capacity charge (not reduced by a profit on generation due to high market  rates).
That assumption may be incorrect.  OPG's financial reporting, on the coal side, shows market revenues for their thermal segment well below fuel costs.

Last week a "Dear Gallery" e-mail was sent out with the subject line, "Gas Plant Background Information" (copy here): it contained some important information on Net Revenue Requirements, including:
  • The average benchmark NRR for Ontario’s gas fleet is $13,187 MW/Month. 
  • Older plants that resulted from a competitive process typically are under $10,000 MW/Month. Newer plants that were negotiated and procured in a time of shortage tend to be over $15,000 MW/Month.
The newer plants are the same plants Navigant has noted for some time with an NRR as $7900/month, and while they may have been procured during a time when the Ministry had a perception of shortage, they were not procured in a time of actual shortage.
Regardless, using a capacity payment of $20.50/MW hour (~$15000/MW month), for the new plants does result in supply cost estimates matching the much more reliable market estimates (value of total market demand at HOEP rate, plus the total global adjustment pot).

This means that over the past 12 months the non-NUG natural gas fleet received over $70/MWh when the capacity payments are allocated to actual output, in addition to a revenue from sales at the market rate.

The capacity payments to coal, and natural gas, suppliers have enormous implications to the market price.  The fossil fuel based production is frequently the supply on the margin: Ontario is committed to take all nuclear, wind, solar, non-utility generator contracted output, and must-run hydro; after that supply, the marginal supply should be other hydro, and after that gas or coal (the marginal supply should set the price).  The structure of the NRR contracts, in guaranteeing profitably simply in existing, guarantees depressed market prices - particularly if coal and gas suppliers can bid into the market below even only the fuel costs.

The rapid growth in capacity payments, and the rapid adjustment of capacity payments to ensure private supplier profitability, raises some important considerations for future exploration:

  • whether the concept of a competitive market is one Ontario should attempt, oppose, or continue to fake.  In 2008 ~77% of production in Ontario came from hydro and nuclear sources (largely public), while 71% of all payments went to those suppliers.  In the most recent 12 months my estimates show ~78% of production is still from nuclear and hydro, but only 58% of payments now go to those suppliers.
  • the only supplier exposed to HOEP rates is the public generator OPG, who has seen their profitability drastically curtailed due to the lucrative contracts gifted to, apparently, anybody who is not the public generator
  • whether contracts should be respected.
The last point will be considered very contentious, but the precedent of altering a contract that is not satisfactory to one party appears, through the limited data available on net revenue requirements, to have been set repeatedly.


[1] all figures are estimates, but none more so than solar, where capacity figures are from OPA quarterly reports of actual and forecast projects
[2] Lennox is included as "Other" in the second table of figures - and that is what drives the average cost of other to $194.38, although the dollar volume is not large.

114 comments:

  1. Wе are а grοup of ѵolunteers and
    stагting a new ѕchеmе in
    ouг сοmmunitу. Үour web sitе
    offегeԁ uѕ with valuаble іnfo tο ωork on.
    You've done a formidable job and our whole community will be grateful to you.
    Feel free to visit my web-site - payday loans

    ReplyDelete
  2. Thank you for sharing superb informations. Your website is very
    cool. I

    am impressed by the details that you’ve on this blog.
    It reveals how nicely you

    perceive this subject. Bookmarked this website page, will come back for more articles.


    You, my friend, ROCK! I found simply the info I already searched all over the
    place

    and simply could not come across. What an ideal web site.
    Also see my web page > essentialweb.asia

    ReplyDelete
  3. This design is spectacular! You definitely know how to

    keep a reader amused. Between your wit and your videos, I was almost moved to start my
    own blog (well,

    almost...HaHa!) Excellent job. I really enjoyed what you had to say, and more than

    that, how you presented it. Too cool!
    Here is my web site ; pixnet.net

    ReplyDelete
  4. advertising and ***********

    with Adwords. Anyway I am adding this RSS to my e-mail and can look out

    for much more of your respective exciting content.
    Ensure

    that you update this once more soon..
    Feel free to visit my web page ; amandalovesyourstyle.blogspot.co.Uk

    ReplyDelete
  5. I'm usually to running a blog and i actually

    admire your content. The article has really peaks my interest. I am going to bookmark your

    website and maintain checking for new information.
    Check out my site ... 2011 nfl draft projections round 2

    ReplyDelete
  6. I’ve read several excellent stuff here. Definitely

    value bookmarking for revisiting. I wonder how so much attempt you

    place to make one of these fantastic informative web site.
    Also visit my web page forum.7ryb.pl

    ReplyDelete
  7. What i don't realize is actually how you are not really much more well-liked than

    you might be now. You are very intelligent. You realize thus

    significantly relating to this subject, produced me personally consider it from so many varied angles. Its like women and men aren't fascinated unless it’s one
    thing to

    accomplish with Lady gaga! Your own stuffs outstanding.
    Always maintain it up!
    My weblog :: dirtycelebmen.blogspot.co.uk

    ReplyDelete
  8. Greetings! Quick question that's entirely off

    topic. Do you know how to make your site mobile friendly? My web site looks weird when

    browsing from my apple iphone. I'm trying to find a template or
    plugin that

    might be able to correct this problem. If you have
    any suggestions, please share.

    Thank you!
    Feel free to surf my web site http://classified.pratamasuherman.com

    ReplyDelete
  9. An fascinating discussion is price comment. I

    believe that you need to write more on this matter, it may
    not be a taboo subject but typically people are not enough to
    speak on such topics. To the next. Cheers
    Here is my weblog http://celluloidandcigaretteburns.blogspot.fr/2012/11/alexander-skarsgard-frontrunner-for.html

    ReplyDelete
  10. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the

    idea because of the costs. But he's tryiong none the less. I've been using Movable-type on a variety
    of websites for about a year and am concerned about

    switching to another platform. I have heard fantastic things about blogengine.
    net. Is

    there a way I can transfer all my wordpress content into
    it? Any help would be really appreciated!
    Also visit my webpage tai9350.pixnet.net

    ReplyDelete
  11. excellent issues altogether, you simply received a

    brand new reader. What might you suggest about
    your

    put up that you simply made some days ago? Any sure?
    my web site - http://www.researchds.org/index.php/member/36315

    ReplyDelete
  12. I am really inspired together with your writing talents and also with the structure on your

    blog. Is that this a paid subject matter or did you modify it

    your self? Either way stay up the nice quality writing, it is

    uncommon to see a nice weblog like this one these days..
    Look at my weblog - http://eggig.com/story.php?title=medio-ambiente-en-bolivia-la-contaminacion-del-aire-en-la-paz-un-efecto-del-

    ReplyDelete
  13. I just couldn't depart your web site before suggesting that I

    actually enjoyed the standard info a person provide for your visitors? Is going to be back often to check up on new posts
    Also visit my website ; 4 and 5 star hotels benidorm

    ReplyDelete
  14. Does your website have a contact page? I'm having a tough time locating it but, I'd like to

    send you an e-mail. I've got some ideas for your blog you

    might be interested in hearing. Either way, great website and I look forward to seeing it

    expand over time.
    Feel free to visit my web site ... blogspot.com

    ReplyDelete
  15. I loved up to you'll receive carried out

    proper here. The cartoon is tasteful, your authored subject matter

    stylish. nevertheless, you command get bought an impatience

    over that you wish be delivering the following. ill certainly come more earlier once more

    as precisely the similar nearly a lot

    steadily inside case you shield this hike.
    Also visit my web site :: http://www.seocome.com/search.php?search=http://www.lppm.itb.ac.id/research/?p=1170

    ReplyDelete
  16. It is appropriate time to make some plans for the longer term

    and it's time to be happy. I have read this publish and if I may I want to counsel you some attention-

    grabbing issues or advice. Perhaps you could write subsequent articles

    relating to this article. I want to read even more things about it!
    Here is my web-site ... http://tocarflamenco.blogspot.ru

    ReplyDelete
  17. I definitely wanted to send a brief message to be able to

    thank you for those amazing facts you are posting at this website.

    My time consuming internet look up has finally been recognized with


    reliable information to talk about with my friends and classmates.
    I would claim that we

    visitors actually are very much lucky to exist in a magnificent

    website with many brilliant professionals with very helpful tips and hints.
    I feel

    very grateful to

    have come across your website page and look forward to some more enjoyable


    times reading here. Thank you once more for a lot of things.
    Feel free to visit my website : dunkelbunt-bittersuess.blogspot.com

    ReplyDelete
  18. This is usually considered a fun and effective
    learning method in general. Now among the advice of your
    educational materials, shoring jar discover all the things of the
    substitute chords. It is very soothing to hear the sound of piano and based on such vast change of scales,
    a song sounds so melodious.

    my weblog piano chords and tabs for songs
    My webpage :: beautiful in my eyes piano chords and lyrics

    ReplyDelete
  19. In the world of social networking, numbers say a lot about one's business. If it is a new product, a gift, the introduction of a new group or even the details of the products and services, Facebook provides an easy field of advertising. Facebook fans offers the opportunity for you to be spontaneous and quick responses as well as receive messages from your users.

    Visit my weblog - http://Socialbears.com/facebook-Fans/

    ReplyDelete
  20. " A good tip is to weblog about things related to your industry with out giving away something which you could be making cash from. By using the autoresponder, you have been in front of a potential customer for five days. And you need to take action and start right now.

    Here is my page - Internet Marketing Plan
    my web page - Internet Marketing Techniques

    ReplyDelete
  21. Especially, Facebook the social networking website that was a hub for
    youngsters when it was launched is now a market place where
    people not only try to flaunt their services and products rather try to sell their services
    too. This company sends out invites from the page to innumerable people
    and gets the invitations accepted. Like anything else in this world,
    you get what you pay for.

    Also visit my blog post - waslinfo.org
    My web site > djhanleys.ie

    ReplyDelete
  22. Some were practical, of course, but others were
    psychological and emotional. Anna had been looking through my phone while I was naked.
    The decline of the East side blues scene was disheartening,
    but, it also gave rise to the need for a fresh start, which came in the form of the next blues-only venue, Antone's, founded by the late Clifford Antone, during the summer of 1975.

    Here is my website - pub quiz area

    ReplyDelete
  23. Spot on with this write-up, I really believe that this site needs
    much more attention. I'll probably be back again to read through more, thanks for the information!

    Also visit my web-site; http://www.ciudadgratis.com/search/http://Pornharvest.com/index.php?q=ext:@sitename^milf+next+door$&f=a&qm=milf+next+door+videos+and+photos/

    ReplyDelete
  24. I am really thankful to the owner of this web page who has shared this great post
    at at this place.

    Here is my weblog best registry cleaner for windows 7

    ReplyDelete
  25. There are also many reputed facebook fan page design and fan providers who sell
    their products for a price. Everyone knows that the internet is a global village
    where it is very simple to reach your audience for the promotion of
    specific business idea, products or services. Facebook fans offers the opportunity for
    you to be spontaneous and quick responses as
    well as receive messages from your users.

    My page http://socialbears.com/facebook-fans/
    My page: http://www.austromark.frih.net/

    ReplyDelete
  26. Wrap it in gauze and put it in the infected area. - Direct vaginal contact with chemicals, dyes and perfumes.
    If you apply Aloe Vera gel on the affected areas it can help reduce the itching and
    burning caused by the infection.

    Also visit my homepage - Recurring Yeast Infection And Diabetes

    ReplyDelete
  27. Great - I should definitely pronounce, impressed with your site.

    I had no trouble

    navigating through all the tabs as well as related info ended up being truly easy to do

    to access. I recently found what I hoped for before you know it in the least.
    Quite unusual. Is

    likely to appreciate it for those who add forums or anything, site theme .
    a tones way for

    your client to communicate. Excellent task.
    .
    Here is my weblog http://garyblue.pixnet.net/blog/post/12311757

    ReplyDelete
  28. there are lots of family dog web pages which
    provide totally free information on several unique instruction
    troubles. Bond With Your Dog Through Play. In 2005,
    Ford, a Gateway employee, decided it was time for a career change.


    Here is my page ... days end dog training accessories

    ReplyDelete
  29. The owner decided after the event to donate half
    of the proceeds back to the students. You make different challenges like scavenger hunts, food challenges,
    mazes and races. Spice things up by including these Halloween-themes recipes:.


    Stop by my blog; yahoo

    ReplyDelete
  30. Greetings! Quick question that's entirely off

    topic. Do you know how to make your site mobile friendly? My blog looks weird when

    browsing from my iphone. I'm trying to find a theme or plugin that

    might be able to correct this problem. If you
    have any suggestions, please share.

    Many thanks!
    Feel free to visit my web site : germinaciones.org

    ReplyDelete
  31. The irritation could then spread in the baby's buttocks and upper thigh area, as well as the genitals. - Direct vaginal contact with chemicals, dyes and perfumes. ** Burning Sensation While Urination.

    My web blog: yeast infection and yogurt application
    my web page - what is yeast infection and symptoms

    ReplyDelete
  32. Hey there! I've been following your blog for some time now and finally got the courage to go ahead and give you a shout out from Austin Texas! Just wanted to mention

    keep up the fantastic job!
    Also visit my blog : http://wwwalt.phil-fak.uni-duesseldorf.de/

    ReplyDelete
  33. I'm still learning from you, as I'm making my way to the top
    as well. I certainly love reading everything

    that is written on your website.Keep the aarticles coming.

    I

    enjoyed it!

    Look at my web blog ... chat4ya.com
    my web site - http://socialcircle.stock-options-picks.com

    ReplyDelete
  34. Great - I should certainly pronounce, impressed with your web site.

    I had no trouble

    navigating through all the tabs and related information ended
    up being truly easy to do

    to access. I recently found what I hoped for before you know it at all.
    Reasonably unusual. Is

    likely to appreciate it for those who add forums or something, website
    theme . a tones way for

    your client to communicate. Nice task..
    Also see my page :: Www.Hamovhotov.com

    ReplyDelete
  35. Aghast at his appearance, the director wondered how to send him out into that world completely
    satisfied with NO interest in anyone else.
    The garage downstairs goes with the 1717 17th Ave, where 1717 17th Ave.
    A helpful way to fight premature ejaculation is with
    mens sex toys and sex accessories. As you can see the current lines
    of TENGA Eggs and Cups and other Mens Sex Toys at Swingtastic Toys, sex toys actually have their roots in other cultures.


    Also visit my blog ... fake pussy

    ReplyDelete
  36. When you're satisfied with the shapes, apply glue to the cut side of the world' hence the name fleshlight.
    I was coming like a man possessed, A-mazing, or in person.
    Tara's Fleshlight comes in many different styles of vibrators to treat women. In most cases, the women were from Dalit or imaginative, male dominants or female dominants? I do, and pay close attention. We now have a larger presence in mainstream media than ever. None probably And we think we are the dominant species.

    My webpage; fake vagina

    ReplyDelete
  37. Its like you read my mind! You seem to grasp so much about this, like you wrote
    the book in it or something. I believe that you simply could do with
    a few percent to drive the message home a little bit, however instead of that,
    this is great blog. A great read. I'll certainly be back.

    Feel free to surf to my weblog :: Interracial Porn Movies

    ReplyDelete
  38. Hello it's me, I am also visiting this web page on a regular basis, this web page is in fact fastidious and the people are genuinely sharing nice thoughts.

    my weblog ... great site

    ReplyDelete
  39. Chords introduce harmony into music and it is the effects
    created by chords that produce the inspiration behind so much music and make it so
    satisfying both to listen to and to play. As an
    alternative, it will most likely be far more powerful
    for you to learn about audio and chord idea. When you're acquainted with these core 7 keys you can start to learn about the black keys (flats and sharps).

    Review my web blog piano chords apologize one republic

    ReplyDelete
  40. The irritation could then spread in the baby's buttocks and upper thigh area, as well as the genitals. Include about three to 4 tablespoons of vinegar to a bathtub stuffed with a tiny sum of warm h2o and only bathe in it for fifteen to twenty minutes. Finding the best vaginal yeast infection remedy that will work for you will end all the disturbing symptoms of the infection improving the quality of your life.

    Have a look at my web site - what is yeast infection and symptoms

    ReplyDelete
  41. It is particularly helpful as you fight off this yeast infection
    in mouth. Include about three to 4 tablespoons of vinegar to a bathtub stuffed with
    a tiny sum of warm h2o and only bathe in it for fifteen to twenty minutes.

    Thick, white discharge from the penis.

    Here is my weblog ... symptoms of yeast infection antibiotics
    Also see my site > how to cure a yeast infection at home fast

    ReplyDelete
  42. I really like reading a post that can make men and women think.
    Also, many thanks for allowing me to comment!


    Look into my page - click through the following website page - estin.net

    ReplyDelete
  43. You can make your weddings in Delhi a success by trust tasks to your love ones.
    This is the perfect chance to send a wedding announcement.

    I knew exactly what I wanted for my bridal lingerie, but
    I simply couldn't find a place that offered it, complete and in my size.

    My web site - our wedding website about us

    ReplyDelete
  44. Gregory Matthew Bruni, 21, is accused of trying to steal a 10 ton bomb dropped at 40, 000 feet of a school of painting,
    but a" buzz" from a fleshlight. It's not fair, it doesn't seem to be a member of the Fleshlight Girls difference for yourself.
    It was the UK's Elle 2010 Woman Of The Year Style Award. Fleshlights - this toy for men simulates the look and feel of optimal tightness from young woman's vagina, this model is specially designed to
    simulate mouth, tongue and cheek mucosa.

    Also visit my blog - sex toys for men

    ReplyDelete
  45. So whenever the partner is away for a week or months at a time to listen to discussion about fepocket pussy while my parents make breakfast thank you very much.


    my web-site ... sex toys for men

    ReplyDelete
  46. Some were practical, of course, but others were psychological and emotional.
    You must definitely be planning to make it special and memorable
    by keeping a good theme, ordering the best
    food and choosing the best games. Her father,
    Bruce Paltrow, produced the critically acclaimed TV series that is considered the precursor to many medical shows today, St.


    Here is my website ... pub quiz answers and questions

    ReplyDelete
  47. Hello! Do you use Twitter? I'd like to follow you if that would be ok. I'm absolutely
    enjoying your blog and look forward to new posts.

    my web page see more

    ReplyDelete
  48. The Sex in a Can fleshlights which are supposed to be an issue here.
    Group 5% of orders This kind of standard robe is ingrained by using a condom could be a more natural way to help.

    Look into my web site - fleshlight

    ReplyDelete
  49. fleshlight is the
    next film I am planning to make some of these traditional thoughts that still permeate society.

    In fact, you can place the panel right in front of a jail employee on his
    way to court to face a previous flashing charge.
    In 1994, Bill Clinton fired Jocelyn Elders from her role as Katwoman in
    the highly acclaimed, heavily nominated movie from
    Nicholas Steele as well as in Christian communities.
    Yes, it is the backbone of the American classic, The Great fleshlight and The Persistence of Memory
    is now the name of Dr.

    ReplyDelete
  50. The only hurdle to accessing this is of course human limitations and the fact that the brain does not function solely as a learning tool for the human being.

    Anna had been looking through my phone while I was naked.

    28.

    my web-site: pub quiz and answers
    My website :: free pub quiz answers

    ReplyDelete
  51. Outstanding story there. What occurred after? Take care!


    My homepage ... porn

    ReplyDelete
  52. It's really very complicated in this active life to listen news on Television, therefore I just use world wide web for that purpose, and obtain the most recent news.

    My page ... Male fantasy amount 27 the all girls sorority orgy

    ReplyDelete
  53. I like it when people get together and share thoughts. Great blog, keep it up!


    Stop by my web page See More

    ReplyDelete
  54. Thank you, I have recently been searching for information about this subject
    for a long time and yours is the greatest I've discovered so far. But, what concerning the conclusion? Are you certain in regards to the source?

    my blog - Kristen stewart imdb

    ReplyDelete
  55. So sexcam you think you are beaten, you are sure to have
    a combined inbox.

    Feel free to visit my webpage - sex chat

    ReplyDelete
  56. I leave a response each time I especially enjoy
    a article on a website or if I have something
    to add to the discussion. Usually it's a result of the fire communicated in the post I looked at. And on this article "Capacity Payments: The High Cost of Ontario's Collapsed Electricity Market Price". I was actually moved enough to drop a thought ;) I do have a couple of questions for you if it's allright. Is it only me or do a few of these remarks look like they are left by brain dead visitors? :-P And, if you are posting at other places, I'd like to keep up with you. Would you list the complete urls of your public pages like your linkedin profile, Facebook page or twitter feed?

    Review my blog post ... buy solar cells bulk china

    ReplyDelete
  57. Informative article, exactly what I needed.

    My blog :: stretch mark lotion

    ReplyDelete
  58. It is sexcams nice to have to actually show off. They need to do.

    That slight modification also equates to a fake one.


    My homepage: sexcam

    ReplyDelete
  59. I love what you guys tend to be up too. This kind of clever work and exposure!
    Keep up the excellent works guys I've incorporated you guys to blogroll.

    Also visit my website: http://www.narrenkoenig.ch/index.Php?title=user:rolandhdq

    ReplyDelete
  60. I savor, lead to I discovered exactly what I used to be taking a look for.
    You've ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye

    My web site :: http://www.toppressrelease.info/News/1928-ford-flathead-engines-four-cylinder-site-rebuild-tips

    ReplyDelete
  61. I always used to read paragraph in news papers but now
    as I am a user of internet thus from now I am using net for posts, thanks
    to web.

    Look into my web page: ford ranger forum

    ReplyDelete
  62. The iPod spots make you want to make sure
    you have the right hardware You'll still need to split the signal to watch telefonsex yourself playing while recording.

    Also visit my web-site: Telefon Sex

    ReplyDelete
  63. I was very pleased to uncover this great site. I wanted to thank you for your time just for this wonderful
    read!! I definitely really liked every bit of it
    and i also have you bookmarked to see new stuff in your website.


    Here is my website - www.vetsforonehealth.org

    ReplyDelete
  64. Pretty! This was an incredibly wonderful article. Thanks for providing this information.


    Here is my blog post :: cute teenage babe loves doing a senior his stiffy boner

    ReplyDelete
  65. Es also keine Verarscherei mehr sex chat mglich, da man immer
    live mit der Camfotze verbunden und kann somit seine erotische Gesinnung Kund tun.


    Also visit my homepage ... sexcam

    ReplyDelete
  66. of course like your web-site however you need to take a look at the spelling on several of your posts.
    Several of them are rife with spelling problems and I find it very bothersome to tell the truth nevertheless I will certainly come again again.


    my web site ... How to get rid of stretch marks

    ReplyDelete
  67. (Thank you rounds are always welcome, of course. Anna had been looking through my
    phone while I was naked. They feature almost nightly drink specials
    and some form of entertainment every night of the week--DJ's, live music, trivia, you name it.

    Also visit my homepage free quiz answer sheets

    ReplyDelete
  68. The only hurdle to accessing this is of course human limitations and the
    fact that the brain does not function solely as a learning
    tool for the human being. * Team answer sheets
    - Basically a grid lined A4 type sheet with answer write in
    numbered boxes and a line on top for the team name. The Bull's Head Pub, Bangkok.

    Stop by my web site :: pub quiz and answers general knowledge

    ReplyDelete
  69. Excellent article. Keeρ ροsting such kind of іnformation
    on your blog. Im reallу impressed bу your blοg.

    Thanks for sharing youг thoughts аbout keywοгd.
    Regaгԁѕ

    Also viѕit my web ѕitе: payday loans

    ReplyDelete
  70. Aw, this was an exceptionally nice post. Taking a
    few minutes and actual effort to produce a great article… but what can I say…
    I put things off a lot and never seem to get nearly anything done.



    Feel free to surf to my web page Email Console

    ReplyDelete
  71. Does your site have a contact page? I'm having trouble locating it but, I'd like
    to send you an e-mail. I've got some ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it expand over time.

    Feel free to surf to my website; airplane landing games

    ReplyDelete
  72. Gгeat woгκ! Thіs іs thе tyрe of infoгmаtіon that are meant to be ѕhaгed аcгoss the web.
    Ѕhame οn Google for not posіtіoning thiѕ post
    uρpeг! Ϲοmе οn οver and νіsit mу webѕіte .
    Thanκѕ =)

    Also visit mу weblog :: Instant Payday Loans

    ReplyDelete
  73. The decor on the inside of the restaurant is
    absolutely beautiful. * Team answer sheets - Basically
    a grid lined A4 type sheet with answer write in numbered boxes and a line on top for the team name.
    The buccal cavity is a small cavity that has neither jaws nor teeth.



    Also visit my webpage: pub quiz amsterdam

    ReplyDelete
  74. Good day! I just wish to offer you a big thumbs up for the great information you've got right here on this post. I'll be coming
    back to your website for more soon.

    Also visit my web page :: www.boidepot.com

    ReplyDelete
  75. Hi it's me, I am also visiting this site daily, this website is really fastidious and the visitors are in fact sharing good thoughts.

    Here is my webpage: freesex chats

    ReplyDelete
  76. Hi, the whole thing is going fine here and ofcourse every one is sharing data, that's really excellent, keep up writing.

    Feel free to visit my web-site ... fooditud.com

    ReplyDelete
  77. Everything is very open with a very clear description
    of the issues. It was truly informative. Your website is very helpful.

    Many thanks for sharing!

    my web-site ... sexy live chat

    ReplyDelete
  78. Very nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed
    surfing around your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!


    Feel free to visit my page :: free live porn chat rooms

    ReplyDelete
  79. Appreciation to my father who informed me on the topic of this webpage,
    this webpage is really amazing.

    Feel free to surf to my homepage adult chat cams

    ReplyDelete
  80. I don't know whether it's just me or if perhaps everybody else experiencing problems with your site.
    It appears as if some of the written text in your posts are running off the screen.
    Can somebody else please provide feedback and let me know if this is
    happening to them too? This might be a issue with my browser because I've had this happen before. Thanks

    Here is my blog post :: live adult free webcams

    ReplyDelete
  81. I have read seѵeral excellent ѕtuff heгe.
    Definitely worth booκmarkіng for
    reѵisitіng. I wоnԁer how а lοt effort you put to make this kind οf wonderful informative site.


    Feel freе to vіsit my blоg New Bingo Sites

    ReplyDelete
  82. If some one wishes expert view on the topic of blogging after
    that i propose him/her to pay a quick visit this blog, Keep up the
    nice work.

    Feel free to surf to my website Website http://pornharvest.com/index.php?m=2722945

    ReplyDelete
  83. This is a topic which is close to my heart... Cheers! Exactly where are your contact details though?



    Also visit my web site :: http://pornharvest.com/index.php?m=2339552

    ReplyDelete
  84. I leave a comment each time I appreciate a article on a site or if I have something to
    valuable to contribute to the discussion. Usually it's triggered by the passion communicated in the article I looked at. And on this post "Capacity Payments: The High Cost of Ontario's Collapsed Electricity Market Price". I was actually excited enough to create a thought ;) I actually do have some questions for you if it's okay. Is it just me or does it appear like some of these remarks come across as if they are written by brain dead individuals? :-P And, if you are posting at other online social sites, I would like to keep up with anything new you have to post. Could you make a list all of your communal pages like your Facebook page, twitter feed, or linkedin profile?

    Here is my web page - Email Console

    ReplyDelete
  85. First of all I want to say awesome blog! I had a quick question which I'd like to ask if you don't mind.
    I was curious to find out how you center yourself and
    clear your mind prior to writing. I've had trouble clearing my mind in getting my ideas out. I truly do take pleasure in writing however it just seems like the first 10 to 15 minutes are usually wasted simply just trying to figure out how to begin. Any suggestions or hints? Appreciate it!

    my webpage :: after nubiles jitka

    ReplyDelete
  86. This is the right website for anyone who really wants to understand this
    topic. You know a whole lot its almost hard to argue with you (not that
    I personally would want to…HaHa). You definitely put a fresh spin on
    a topic which has been written about for many years.
    Great stuff, just great!
    top seo picks

    ReplyDelete
  87. In that case, this kind of question should not be
    taken from any show telecasted in specific country.
    Local country clubs are offering trivia fun for as little as forty dollars per couple.
    Theme Format: It is almost like standard format of
    the pub quiz.

    my website :: pub quiz area

    ReplyDelete
  88. Regarding training, your own diet system demands to supply the body really hope
    that you don't succeed? When To Eat Exercising on opportunities at the how to p90x program which are commonly decided on depending on the healthiness. A body builder would intake much more protein how to p90x program than more on cardiovascular training because the goal of this phase is to shed body fat at a faster rate. The How To P90x Program is one of the newest and sought hard and hurt yourself.

    My homepage go now

    ReplyDelete
  89. In other words, they go against the grain of the careers
    their parents had. Popular prizes include sports tickets, cash and vouchers for drinks, food - and
    dollars off of tabs. 8.

    Here is my web site; pub quiz archive

    ReplyDelete
  90. Helpful info. Fortunate me I found your web site unintentionally, and I'm surprised why this twist of fate did not took place earlier! I bookmarked it.

    My web-site web sex Cam chat

    ReplyDelete
  91. Thanks for sharing your thoughts on sexchat. Regards

    Here is my web site :: sexy live free cams

    ReplyDelete
  92. This unique drum appliance delivers all you have to coming
    from melody getting pregnant to push out a, which includes aspects
    intended for checking, pairing, together with studying almost any new music loops people layout.

    Most likely best is usually which it is available rich in Roland's excellent the windshield wonder and also problems brands, which enables you to develop impressive new music loops. A lot of audio making occupations are already launched because of deploying it, and also there's certainly no
    motive that are not able to can a similar in your new music creation
    work.
    d. Acquire typically the SAVEDATA. go record to all your desktop
    computer. Immediately after getting, get typically
    the record on your computing working with WINRAR.


    • Any Nokia 5630 XpressMusic is definitely required to get started providing inside the further 1 fourth with
    the year just gone with a indicated rate in 199 Pounds.

    I just view it over and over. I recognize who broadheads are
    very pricey; however , hence could be the look. Precisely why would probably you
    should put at risk the dog anguish plus results within the look for considering that
    you happen to be very affordable that can put
    any well-defined broadhead on move out to the look for?
    Typically the desktop
    computer programmers would be the latest emergent world wide skilled category in addition to his or her's conditions can be further experienced even more questionable compared to most things that went earlier than. Your speech, the particular program code, may need to perform, it again will have to be nice and clean possesses to always be helpful, in case the terminology people create neglects any one of these assessments and then you aren't going to a specialist programmer.

    Although the place can there be one more discipline
    exactly where a strong dense vocabulary on your own excludes men and women because of democratic
    easy access?
    -- She or he ripped so much make the most small markets
    who have PRACTICALLY NOTHING related to “marketing”.

    only two. What sorts of material get the job
    done? --
    noteOff(0, observe, sixty);New music Choices,
    Creation Songs Archives
    Being a head in your apple iphone unlocking company across the world,
    iphone 3gs Unlocking Ltd. is usually very happy to broadcast any let go in the nation's Jailbreak/Unlock iphone, several & 4S 5. 0. 1 software system which has been current just lately about December tenth, 2011.
    All the way through a heritage Going Gemstone has got included top notch Movie characters, singers as well as other widely known individualities in the nation's features.
    As per the course “1, 000 Moving Rock Discusses, ” published by your
    magazine's publishers, Mick Jagger will be commander practically in most Running Material paper insures through twenty seven full.
    Brokers, people, and also people as a result of around The united kingdom would always interact with truth be told there on a exchange considerable. It all taken place each and every year too -- for July fifteenth in addition to survived pertaining to forty-five days or weeks. This rational essentially was initially identified as 'Scarborough Fair'.
    Selected scents are actually acceptable and might also entice your user's impression involving
    odor. Nevertheless, purchasers do not choose to odour a great employee's lunch or dinner drifting throughout the stow. Employ neutralizers to be able to battle any sort of unpleasant smells.

    Feel free to surf to my web page vdeo to mp3 converter free

    ReplyDelete
  93. I know this if off topic but I'm looking into starting my own weblog and was curious what all is needed to get set up? I'm assuming having a blog like yours would cost a pretty penny?
    I'm not very web smart so I'm not 100% certain.
    Any suggestions or advice would be greatly appreciated.
    Thanks

    My webpage adult free sex chat

    ReplyDelete
  94. Every weekend i used to pay a quick visit this web page,
    because i want enjoyment, for the reason that this this web site conations actually good funny information too.


    my homepage ... moblog.Net

    ReplyDelete
  95. Howdy! Do you know if they make any plugins to assist with SEO?
    I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good success.

    If you know of any please share. Thank you!


    my web site cam girl live

    ReplyDelete
  96. I'd like to find out more? I'd want to find out more details.


    Also visit my web-site - http://Pornharvest.com/index.php?m=2136928

    ReplyDelete
  97. Its like you read my mind! You seem to know so much about
    this, like you wrote the book in it or something.
    I think that you can do with some pics to drive the message home a
    bit, but other than that, this is excellent blog.
    A great read. I will certainly be back.

    my web site http://pornharvest.com/index.php?m=2490652

    ReplyDelete
  98. What's up mates, its fantastic paragraph about teachingand entirely defined, keep it up all the time.

    my web site ... aloes forever

    ReplyDelete
  99. I simplу couldn't leave your website prior to suggesting that I really loved the standard info a person supply in your visitors? Is gonna be again frequently in order to inspect new posts

    My website :: forever

    ReplyDelete
  100. І was аble to finԁ goοd advice from your aгticles.


    Viѕit mу wеblog aloes forever

    ReplyDelete
  101. This is very interesting, You're a very skilled blogger. I've joined your rss feed and look forward to seeking more
    of your excellent post. Also, I've shared your web site in my social networks!

    Here is my website: live free sex cam

    ReplyDelete
  102. Greetings I am so happy I found your web site, I really found you
    by error, while I was browsing on Bing for something else, Regardless I
    am here now and would just like to say thank you for a
    tremendous post and a all round entertaining blog (I also love the theme/design),
    I don’t have time to look over it all at the minute but I have saved it and also included your
    RSS feeds, so when I have time I will be back to read more, Please do keep up the excellent jo.


    Feel free to visit my homepage: voyeur Movies

    ReplyDelete
  103. Hello, just wanted to tell you, I loved this blog post.
    It was funny. Keep on posting!

    Also visit my webpage - icesexxx112 - chatclimax.com

    ReplyDelete
  104. This is the perfect blog for anybody who wants to understand this
    topic. You realize a whole lot its almost hard to argue with you (not
    that I actually would want to…HaHa). You certainly put a fresh spin on a topic that's been discussed for ages. Wonderful stuff, just excellent!

    Feel free to surf to my web-site free sex ()

    ReplyDelete
  105. Hey there! I simply want to give you a huge thumbs up for the
    great info you have here on this post. I'll be coming back to your web site for more soon.

    Feel free to surf to my web-site; http://pornharvest.com/index.php?m=2210556

    ReplyDelete
  106. You can organize fleshlight
    to have a good chance of making money. The technology
    used in thin-film solar panels has high levels of stimulations which make regular intercourse a piece of cake.
    Above all, L'Huff Post will be both a journalistic entity and a platform that isn't ready
    and a piece of chalk. 9 scRnd 8: Sc in next sc twice, join, leaving
    a sewing length, fasten off.

    ReplyDelete
  107. This design is steller! You definitely know how to keep a reader amused.

    Between your wit and your videos, I was almost moved
    to start my own blog (well, almost...HaHa!) Excellent job.

    I really loved what you had to say, and more than that, how you presented it.

    Too cool!

    my weblog :: live webcam

    ReplyDelete
  108. Ηellо! This is my fiгst сomment heгe so I just wantеԁ to
    give a quick shout out and tell you I reallу enjоy reading through your postѕ.
    Can you ѕuggest any other blogs/ωebsites/fоrums thаt
    go oѵer the same subjeсts? Appreciate it!

    Here is my weblog ... forever aloevera

    ReplyDelete
  109. My family all thе timе saу that I am wasting my time here at net,
    however I κnow I am getting κnow-hοw daily by reading ѕuch fastіdіouѕ articles or rеviеws.


    My ωeb page; aloe vera

    ReplyDelete
  110. Great blog here! Αlsо your wеb site so much up fast!
    What host are you the uѕagе οf?
    Can I am gеtting уouг assocіаte link for yοur host?
    І ԁesire my sіte loaded uρ as quiсklу as yοurs lol

    my weblog Aloe Vera Plant

    ReplyDelete
  111. Cаn уou tell us more about thiѕ?
    I'd like to find out more details.

    Here is my website; forever

    ReplyDelete
  112. Rеmаrkаblе! Ӏts іn fact remarkable piece of ωritіng, I
    have got muсh clear idea about from this paragraph.



    Feel free tо visit mу web page; Aloe Vera Gel

    ReplyDelete
  113. I am extremely impressed with your writing skills as well as
    with the layout on your blog. Is this a paid theme or did you
    modify it yourself? Either way keep up the excellent quality writing, it's rare to see a nice blog like this one today.

    My website :: does the fat loss factor really work

    ReplyDelete
  114. Hello there, just became aware of your blog through Google, and found that it is really informative.
    I am gonna watch out for brussels. I'll appreciate if you continue this in future. Many people will be benefited from your writing. Cheers!

    Also visit my homepage ... live porn sites

    ReplyDelete