22 March 2011

Selling cheap power to Quebec

The always reliable labradore has unearthed some fascinating information about a power deal between Nalcor and Hydro-Quebec.

Bottom line:

  • Nalcor took forever to publicly announce the deal, and
  • They are selling power into Quebec for about 20%
  • of what Labrador and Newfoundland customers are paying.

Not bad, eh?

They even get a volume discount, something that will not be available to the residential consumers who will be bearing the full cost of Muskrat Falls in the future just so Nalcor can sell more cheap power to customers outside the province.

That’s the only way the “economics” of the current proposal make any sense to the people behind the scheme.

- srbp -