The billions of dollars already spent on intermittent wind and solar power generation along with price volatile natural gas generation have contributed to rising electricity prices in Ontario.
Consumers face further price increases as a result of billions of dollars in hidden costs for the transmission and distribution infrastructure needed to integrate and manage this intermittent wind and solar generation.
Wind and solar generation must be backed up by carbon-emitting natural gas generation when the wind isn’t blowing or the sun isn’t shining—more than 70 percent of the time.
Ontario’s Auditor General estimates Ontario’s electricity prices will rise 46 percent by 2015. To lessen this price shock and the push back from ratepayers, the Ontario government introduced a $1 billion dollar-a-year taxpayer-funded rebate called the “Clean Energy Benefit”.
By comparison, a recent analysis by Strategic Policy Economics showed that refurbishing Ontario’s nuclear reactors and building two new reactors would deliver $27 billion dollars in savings to ratepayers compared to developing more wind generation.
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