Five things about Canada's proposed small modular nuclear reactors
(www.ctvnews.ca)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (20)
sorted by:
If you really dig into the numbers, the high prices in Ontario have very little to do with green energy and are mostly a result of over a decade of ridiculous energy procurement contracts where they agreed to pay a guaranteed rate based on nameplate capacity whether or not the energy was needed. This was pervasive across both renewable and conventional production.
The result is that even if Ontarians use less electricity, they're still on the hook for the whole amount, which is why Ontario has continuously been over-producing electricity and dumping it over the border below production cost in a meager attempt to recoup part of what they are obligated to pay.