Suspicious about how those IWT (industrial wind turbines) were generating unneeded power for the past couple of days, a review of IESO data for May 19th and May 20th disclosed the awful truth!
Ontario households and businesses took a nasty hit as those IWT were producing nothing but unneeded power for the last couple of days as is their habit in the Spring and Fall. On May 19th IESO accepted 31,052 MWh and curtailed 1,200 MW from the IWT generators and then on May 20th IESO accepted 42,542 MWh and curtailed 6,681 MW.
As is quite frequent during this time of the year the demand for power in Ontario wasn’t needed so IESO were busy getting rid of it selling it off for pennies of its cost to Michigan, New York and Quebec with net exports (exports minus imports) on May 19th of 55,382 MWh and 56,382 MWh on May 20th. As one can easily understand those net-exports on both days were well in excess of what those IWT delivered meaning they were not needed as peak demand on the 19th reached only 14,413 MW at hour 18 and 15,561 MW on May 20th at hour 20.
The parties buying and selling the excess energy surely had a field day as the average HOEP (hourly Ontario energy price) or market price averaged only $10.96 (about one cent per kWh) on May 19th and even less on May 20th as the HOEP averaged $5.92/MWh (less than one cent per kWh).
The net result was IWT generation (accepted and curtailed) on May 19th cost $4,336,020 and May 20th IWT generation (accepted and curtailed) cost $6,544,820. Collectively the two days brought those IWT owners’ gross revenue of $10,880,540 due to their “first-to-the-grid” rights under their contracts with IESO.
Over the two days the HOEP sale price of that unneeded IWT generation earned a miniscule $591,515 (5.4% of their cost) putting the net cost of that power (our neighbours happily snapped up) to $10,289,315.
The weight of the McGuinty/Wynne GEA (Green Energy Act) pushed by Gerald Butts continues to hammer Ontarians with costs providing no value except to the owners of those IWT and our neighbours!
Those who voted for the Ford led government surely hoped their gaining a majority in the Provincial Parliament would somehow result in a different outcome. Electricity costs of energy are essential to the daily needs of households and businesses but for some reason their rising costs are not dealt with.
Just another problem brought to us by the “climate change” fanatics our politicians seem unwilling to challenge as we watch our costs rise and energy poverty increase!