Why are Ontario’s Electricity Rates going Up?

For those who believe wind is free!

The increase in electricity prices is due to a number of factors including:

New renewable and natural gas generation projects coming into service;

 • The expected cost of Ontario Power Authority (OPA) conservation initiatives;

 • A decrease in the variance account surplus, which reduces the amount of the credit included in RPP prices;

 • The end of the OPG Rebate as of April 30, 2009;

 • The estimated impact of the Government’s directive to reduce carbon dioxide emissions from coal fired generation by a further 1/3 by 2011, which equates to meeting a limit of 19.6 million tonnes in 2009; and

 • An allowance to reflect Ontario Power Generation’s (OPG) application for increased payments for electricity generated by nuclear and large hydro plants.

Ontario Energy Commission de l’énergie

P.O. Box 2319 C.P. 2319

2300 Yonge Street 2300, rue Yonge

27th Floor, Suite 2701 27e étage, bureau 2701

Toronto ON M4P 1E4 Toronto ON M4P 1E4

Telephone: 416 481-1967 Téléphone : 416 481-1967

Facsimile: 416 440-7656 Télécopieur : 416 440-7656

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s