Well once again Ontario ratepayer’s and taxpayer’s generosity was in full swing as those IWT (industrial wind turbines) were in full motion throughout the day. IESO forecast they would generate 60,760 MWh or about 52% of their capacity (enough to supply over 2 million average Ontario households) but accepted 51,130 MWh meaning about 9,630 MWh were curtailed.
The cost of the foregoing at $135/MWh for what was accepted was $6,902,550 plus another $1,155,600 for the curtailed power at $120/MWh bringing the total cost to $8,058,150 for the IWT output. The big problem with yesterday’s IWT output was; we didn’t need it as demand throughout the day was less than what our baseload (nuclear and most hydro) provided and peak demand only reached 14,757 MW at Hour 21.
What the foregoing resulted in was seeing all that surplus generation exported while driving down the market price (HOEP) which averaged only $3.40/MWh over the day. As a result, IESO data disclosed our net exports (exports minus imports) to Michigan, New York and Quebec were 57,732 MWh. Going further, the IWT accepted generation of 51,130 MWh represented 88.6% of what we gave away. If we included the IWT curtailed generation those IWT could have generated 105% of what we sold off for pennies of their guaranteed “first-to-the-grid” costs.
The results from having those IWT generate their intermittent and unreliable power is costs to Ontarians for just yesterday’s unneeded generation was just shy of $7.9 million.
The above clearly shows how layering unreliable and intermittent generation like wind and solar drives up the costs of our energy consumption.
Despite the obvious there clearly is no intention IESO will reduce those costs as a Press Release from them yesterday illustrates they are going to add yet another layer. They announced the “largest energy storage procurement ever in Canada“ and the bulk of it will be battery storage allowing the IWT owners to double down on the revenue grab from us ratepayers. Those battery storage systems will allow them to buy their intermittent wind generation (we are obliged to purchase) for the cheap market price and sell it back into the grid at higher prices when the wind isn’t blowing or the sun isn’t shining.
We should all wonder; when will commonsense ever return or is this meant to drive more of us into “energy poverty” to save the world from “global warming”!
PS: The overnight temperature in most of Southern Ontario in mid-May was around zero (0) degrees Celsius which suggests we may have solved the UNIPCC crisis!