Costs stall PEI energy projects
Six companies made submissions in February to build the projects, mostly for wind development. They were assessed by Maritime Electric, the province's main electricity supplier.
Energy Minister Richard Brown announced in the legislature they've all been rejected because the electricity costs were too high.
"We have a wind farm on Prince Edward Island. We know what [cost] we can produce wind for," said Brown.
"Maritime Electric analyzed the bids and, with the current prices that were in them and with the transmission costs and the additional costs that we would have to put in place in terms of infrastructure, the pricing wasn't good enough for Islanders."
Energy critic Mike Currie doesn't understand why a private company should have the power to evaluate energy projects for the province.
"I think that Maritime Electric just doesn't want to do any more wind projects on Prince Edward Island," said Currie. "Why the minister has made them part of the evaluation process is beyond me."
The plan was to sell 30 megawatts on PEI and export the rest.
It's possible that could still happen. The companies have been given 30 days to fine-tune their proposals and resubmit them.
Related News
Is Ontario's Power Cost-Effective?
ONTARIO - Australian opposition leader Peter Dutton recently lauded Canada’s use of nuclear power as a model for Australia’s energy future. His praise comes as part of a broader push to incorporate nuclear energy into Australia’s energy strategy, which he argues could help address the country's energy needs and climate goals. However, the question arises: Is Ontario’s experience with nuclear power as cost-effective as Dutton suggests?
Dutton’s endorsement of Canada’s nuclear power strategy highlights a belief that nuclear energy could provide a stable, low-emission alternative to fossil fuels. He has pointed to Ontario’s substantial reliance on nuclear power as an…
