“A wizard is never late ... nor is he early, he arrives precisely when he means to.”The Ontario Energy Board (OEB) Market Surveillance Panel (MSP) last week released its Monitoring Report on the IESO-Administered Electricity Markets for the period from May 2013-October 2013. For the most part, the report is painfully boring and treats the irrelevant as if it's important, but it was interesting, to me, that for whatever reasons they spend time attempting to discredit claims that exports are subsidized, particularly as they site an example of those claims as an article by my friend, Parker Gallant.
Spoken by Gandalf in The Fellowship of the Ring -followed by laughter
Over the past year, the role of electricity exports in the Ontario market has been the subject of considerable commentary. Questions have arisen about the value that export transactions provide to Ontario consumers, and more specifically around the question of whether and the extent to which Ontario ratepayers are subsidizing export transactions (in other words, paying costs that are incurred as a result of export transactions). Two recent press reports have claimed that Ontarians paid over $1 billion to subsidize export transactions to neighbouring jurisdictions in 2013. The Panel considered the methodology that was used in arriving at this estimate, and examined in greater detail the costs that are triggered by exports to determine the extent to which those costs are not fully covered by the market price or by other charges paid by exporters.I've added some emphasis to explain the premises required to fulfill the OEB MSP fantasy.
Over the past year professional sycophants may have taken direction from their government master to make something up to counter the reporting of Parker Gallant, and the NDP, but it is closing in on 4 years since I wrote McGuinty Thinks This is Fun?
Re-reading that post now makes me hesitant to continue here - I rebutted this drivel 44 months ago.