TheSpec - Ontario a power trader in electricity market
I am annoyed by this article in the Hamilton paper.
This Premier is not being an honest man. We exported 15TWh at around $36/MWh. The 142 TWh we used within our borders we paid $65/TWh for. The NDP example - which is independent verification of data I first noted - is of the highest winter demand day in 2 years, which was met by the second highest production period in all the IESO's data, saw to high exports of, obviously, coal and gas generated supply - at low prices. We know the explanation. You've already contracted the supply and the depressed price that day was less depressed that it has been most of the months. So answer the question honestly. We have committed to burning fossil fuels as we procured too much firm supply, at prices well above our, or any adjacent, markets. Mr. Duguid and Premier McGuinty both seem not only determined to tailor their message to imbeciles, they get quite annoyed if somebody pays them the complement of asking an intelligent question.
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