Electricity exports continue to generate revenue

- Ontario's electricity market generated over $20 million in April by exporting electricity to other states and provinces, bringing total net export revenues to over $75 million this year.

This revenue can help Ontario families keep costs down on power and build and maintain a clean, reliable and modern electricity system.

Ontario is part of an interconnected North American power grid that allows the province to buy and sell electricity with states and other provinces. Being interconnected gives the province the opportunity to export power when it's not needed by Ontario families and businesses and benefit from these revenues.

Since 2006, the electricity market has generated $1.9 billion through net exports compared to 2002 and 2003 when Ontario paid $900 million to import power. Over the last year, the province exported power at positive prices 98 per cent of the time.

Ontario is replacing dirty, coal-fired plants with cleaner sources of power like wind, solar and bio-energy. It is part of the Ontario provincial government's plan to keep costs down for families, while building a clean, modern and reliable electricity system for tomorrow.

Ontario's investments in clean energy and conservation are on track to create 50,000 clean energy jobs. Over 20,000 jobs have already been created as a result of our plan.

Related News

bomb-cyclone-strikes-bc-coast

Tens of Thousands Left Without Power as 'Bomb Cyclone' Strikes B.C. Coast

VANCOUVER - A powerful storm, dubbed a "bomb cyclone," recently struck the British Columbia coast, wreaking havoc across the region. This intense weather system led to widespread disruptions, including power outages affecting tens of thousands of residents and the cancellation of ferry services, crucial for travel between coastal communities. The bomb cyclone is characterized by a rapid drop in pressure, resulting in extremely strong winds and heavy rainfall. These conditions caused significant damage, particularly along the coast and on Vancouver Island, where flooding, landslides, and fallen trees blocked roads, further complicating recovery efforts.

The storm's ferocity was especially felt in…

READ MORE
wind turbines in scotland

Scottish Wind Delivers Equivalent Of 98% Of Country’s October Electricity Demand

READ MORE

Coal-fired thermal power plant Detmarovice

Cabinet Of Ministers Of Ukraine - Prime Minister: Our Goal In The Energy Sector Is To Synchronize Ukraine's Integrated Power System With Entso-e

READ MORE

German coalition backs electricity subsidy for industries

READ MORE

power lines

Electricity prices rise more than double EU average in first half of 2021

READ MORE