Energy expert Tom Adams takes about five and a half minutes to explain why “buying at high prices from local generators and selling vast amounts of power to neighbouring utilities at rock bottom prices” is a bad idea. [CBC audio file]
Energy supply has been growing in Ontario, especially from expensive sources, while demand hasn’t been going at the same rate. As a result, the province has crap loads of electricity that it buys for one price and sells for much less to people outside the province.
Those inside the province get to pay high rates.
For those who missed it, that’s essentially the Muskrat Falls plan.
- srbp -