Brady Yauch has produced a report, along with Scott Mitchnick, on the cost of selling electricity to exporters for less than it cost to procure the supply:
Ontario electricity customers have paid more than $6 billion to cover the cost of exporting the province’s energy surplus, according to a new study from the Consumer Policy Institute.
Over the last decade, Ontario customers have paid $6.3 billion to cover the cost of selling high-priced electricity to customers outside of the province, according to a new study by the Consumer Policy Institute. A majority of those costs – $5.8 billion – have come since 2009, as demand for electricity in Ontario has fallen, while more generation capacity continues to be added, creating a growing surplus that gets dumped at below-cost prices in places like New York and Michigan.
The quote is from the blog post; the full study is, Power Exports at What Cost? How Ontario Electricity Customers are paying more to dump the province’s excess power.
The numbers match, almost exactly, my estimates using the same calculations I use in charting the cost of exports in my weekly and monthly reports. I recommend reading Yauch’s work because I find it very accessible – more than my own.
