Wind Generated Electricity’s Big Fall Discount for Our Neighbours

Yesterday, October 2nd, 2022, once again, demonstrated how IWT (industrial wind turbines) generate wasted costs for Ontario ratepayers and taxpayers. Their “first-to-the-grid” rights is akin to us simply going outside and throwing our after-tax dollars into the wind! The contracts IWT owners have continues to drive up our energy costs due to their propensity to deliver unneeded power more frequently than they deliver “needed” generation! Reliable Power is not something we should expect from IWT as is again evidenced by how they perform!

During the first 16 hours yesterday the IWT were humming and produced 32,400 MW and also had another 8,300 MW curtailed which collectively was about 52% of their capacity. Combined those IWT owners will see $5.470 million delivered to their bank accounts for those 16 hours as they are paid $135/MWh for grid accepted generation and $120/MWh for curtailed generation. 

During those same 16 hours none of the wind generation was needed as when demand peaked over those hours at Hour 16 it was only 13,296 MW and the daily peak at Hour 20 only reached 15,320 MW!

The unneeded 32,400 MW those IWT generated in the first 16 hours, along with the curtailed power, drove down the market price or HOEP (hourly Ontario electricity price) to an average of $1.57/MWh.

The low price was loved by our neighbours in New York, Michigan and Quebec as they snapped up 38,743 MW generating a miserly $60.8 thousand for what cost us Ontario ratepayers/taxpayers north of $5.4 million just for the IWT generated power.

We Ontarians were also dinged for the remaining 8 hours but the HOEP was at least higher averaging $39.57/MWh meaning it didn’t cost us the $166.94/MWh we had to absorb for the first 16 hours of the day selling off the IWT generation. During those 8 hours wind delivered another 10,223 MW (26% of capacity) so we were forced to absorb another $404K.

We should continue to wonder; why doesn’t the Ford led Ontario Conservative Party end the madness (stupidity) of those IWT contracts by passing legislation eliminating their “first-to-the-grid” rights?

Author: parkergallantenergyperspectivesblog

Retired international banker.

4 thoughts on “Wind Generated Electricity’s Big Fall Discount for Our Neighbours

  1. If the ratepayers of Ontario refused to pay the subsidies for industrial wind turbines, would the wind companies survive?

    Here’s a great series on exposing the staggering corruption and hidden costs of industrial scale wind.

    View at Medium.com

    With this level of corruption in the wind industry is it any wonder that the rural residents who have been reporting harm from trespassing noise, inaudible pulsations/infrasound radiation and shadow flicker have been dealing with incompetence and corruption in the Environment and Health Ministries of Ontario?

    Like

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