Ontario lost up to $1.2 billion selling clean energy at a loss: engineers

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By Antonella Artuso, Ottawa Sun, November 21, 2017

Ontario lost between $732 million and $1.25 billion over the past two years selling surplus clean electricity outside the province, an analysis by the Ontario Society of Professional Engineers (OSPE) estimates.

That’s the difference between what Ontario agreed to pay to produce nuclear, water, wind and solar power, and the bargain basement price it sold it for on the international market.

Energy expert Paul Acchione, OSPE’s past president and chair, said excess clean electricity should be offered first to Ontario businesses and residents at that lower wholesale cost.

http://ottawasun.com/news/provincial/ontario-lost-up-to-1-2-billion-selling-clean-energy-at-a-loss-engineers/wcm/b49f8d04-f04e-4579-935b-00b2f71067d7