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In Ontario the published rates also omit the 'delivery' fees and additional charges added on top (per kWh) which are unavoidable. The real rate actually paid i
by discretion22 3y ago
In Ontario the published rates also omit the 'delivery' fees and additional charges added on top (per kWh) which are unavoidable. The real rate actually paid is typically double the supposed rate.
Factoring in the actual price people really pay, the rate is more like that of Barbados, Greece etc, right towards to most expensive end of the table.
Despite the essentially unlimited hydro generation possible thanks to the Great Lakes running through Ontario, there has been a huge push towards shifting generation to wind and solar as part of 'carbon emission reductions'. Prices have increased rapidly as a result and the Provincial Government now has to subsidize everyone's electricity bill in order to try and keep electricity affordable - the subsidies are funded by borrowing so build up huge debt burdens with little planning on how those will ever be repaid.
- Scoundreller 3y agoOntario is mostly nuclear in installed capacity. “Hydro” has been a misnomer for a while. https://ieso.ca/ https://ieso.ca/ While we are definitely overpaying for wind and solar capacity, there isn’t enough of it to really justify the prices we pay (and arguably, solar performs best when demand is highest, so its cost-benefit isn’t as bad as many believe)