Colin Andersen to head the Ontario Power Authority
Mr. Andersen joins the OPA after a distinguished career of more than 20 years in the Ontario Public Service, serving in a variety of senior financial and policy positions.
Currently, he is the Deputy Minister of Finance, Secretary of Treasury Board, Deputy Minister of Revenue, Chair of the Ontario Electricity Financial Corporation and Chair of the Ontario Financing Authority. In 2003, he was appointed Deputy Minister of Policy, Cabinet Office. Prior to that role, he served in several capacities in the Ministry of Health and Long Term Care, including Acting Deputy Minister, Associate Deputy Minister and Assistant Deputy Minister.
In these and other senior management positions he has had in the Ontario Public Service, Mr. Andersen has provided the government with advice and assistance on all aspects of fiscal and financial policy and planning, expenditure management and overall stewardship of the financial resources of the province. This has included playing a lead role in strategic asset management initiatives, extensive intergovernmental negotiations at the federal and municipal level, and large-scale infrastructure and procurement projects.
Mr. Andersen succeeds Dr. Jan Carr, founding Chief Executive Officer, who is leaving after three-and-a-half years of leading the OPA.
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Electricity Demand In The Time Of COVID-19
NEW YORK - On March 27, Bloomberg New Energy Finance (BNEF) released a report on electricity demand and wholesale market prices impact from COVID-19 fallout. The model compares expected load based largely on weather with actual observed demand.
So far, the hardest hit power grid is New York, with load down 7 and prices off by 10 percent. That’s expected, given New York City is the current epicenter of the US health crisis.
Next is New England, with 5 percent lower demand and 8 percent reduced wholesale prices for the week from March 19-25. BNEF says the numbers could go higher following…
