Ontario’s green energy numbers don’t add up:
Wholesale Average Weighted Cost (YTD) of Ontario electricity: 3.35 cents/kWh
Guaranteed 20-year contract price per kWh for solar panels (ground level): 64.2 cents/kWh
Guaranteed 20-year contract price per kWh for solar panels (roof-top): 80.2 cents/kWh
Guaranteed 20-year contract price per kWh for wind turbines: 13.5 cents/kWh
(link to microFIT rates, pdf)
Cost to the province in 2011 to reduce bills by 10% to hide increases caused by green energy programs until after the election: $1.1 billion
Ontario has promised to pay renewable energy producers up to 23 times the actual price for electricity which is the driver for increased bills and time-of-use billing. At risk of belaboring a point, sustainable subsidies are not sustainable. Premier Dalton McGuinty has pulled the plug on offshore wind projects - it’s time to end the FIT programs before they bankrupt us.
The opposition understands math, even if Dalton doesn’t.
Prior fun with numbers:
Had some great laughs. Thoroughly enjoy your world play. Came here from nofrakkinconsus. You are now in favourites. Keep it up.
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Thanks for the kind words, glad you enjoy the snark.
“Germans can polish the turd all they like, but it’s still a turd.” (From Part 2)
Wishing I had more time to leave comments, I can assure you that your work and genius with words is greatly appreciated. Please keep it up!
When you look at the schedule for payment http://microfit.powerauthority.on.ca/pdf/microFIT-Program-price-schedule.pdf You find this under %escalated o for solar but 20% for wind, waterpower, biomass (woodstoves), biogas (cow farts), and landfill gas (swamp gas).
“OPA will review the FIT price schedule on a regular basis (approx every 2 years)… 20% of the price will escalate annually based on increases in the Consumer Price Index.” Which itself is partialy based on energy prices, which now itself is now partialy based on CPI, which is based on energy, which……. in finitum (sp?)….
Where I’m from this is an old fashioned circle-jerk… always has been.
All the best….. Jeff
Brilliant . . . Liberal/Progressive arithmetic = bankruptcy for everyone.