I posted the latest weekly reporting figures this afternoon, and the data, fittingly, indicates a new record. Week 16 is notable as the first week with Ontario demand growth over the previous year (Easter weekend was in 2011's week 16) - but the growth average for Ontario's demand was only 305MW/h, whereas the growth in net exports was 828MW/h. The increase in net exports, combined with pricing remaining a third lower than in 2011, caused the export subsidies, by my estimation, to surge to record levels - for the third week in a row.
The Canadian Press shared this important bit of news this week:
TORONTO - Energy Minister Chris Bentley hasn't abandoned the idea of having a "real name" for the merger of the Ontario Power Authority and the Independent Electricity System Operator after all.In rearranging the Ontario Power Authority and the Independent Electricity System Operator, Minister Bentley kept on 4 of the words: Ontario Electricity System Operator (OESO) is the working title.
Bentley complained the energy sector is full of agencies known by acronyms like the OPA and IESO when he announced the planned merger of the two electricity planning agencies.
The minister said at the time he wanted the new agency to have a real name, but in legislation introduced today, it is known as the Ontario Electricity System Operator, or OESO.
These words the Minister extinguished.