Electricity Exports Help Keep OntarioÂ’s Supply Strong

subscribe

OntarioÂ’s electricity market generated over $30 million in May through net exports by trading electricity with other states and provinces, bringing total net export revenues to over $136 million this year.

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 itÂ’s not needed by Ontario families and businesses and benefit from these revenues.

Since 2006, the electricity market has generated $1.5 billion through net exports, which is in stark contrast to 2002 and 2003 when Ontario paid $900 million to import power. Over the last year, the province exported power at positive prices 99 per cent of the time.

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

OntarioÂ’s Green Energy Act will create 50,000 clean energy jobs by the end of 2012. Over 13,000 jobs have already been created as a result of our plan.

Related News

offshore windpower

Covid-19 crisis hits solar and wind energy industry

WASHINGTON - Swinerton Renewable Energy had everything it needed to build a promising new solar farm in Texas. It lined up more than 2,000 acres for the $109 million project estimated to generate 400 jobs while under construction. By its completion date, the solar farm was expected to produce 200 megawatts of energy — enough to power about 25,000 homes — and generate big tax breaks for its investors as part of a government program to incentivize clean energy.

But the coronavirus pandemic put everything on hold. The solar farm’s backers aren’t sure they will make enough money from other investments…

READ MORE
 Jeremy Norman

SaskPower eyes buying $300M worth of electricity from Flying Dust First Nation

READ MORE

PEI wind power

Minister approves 30-megawatt wind farm expansion in Eastern Kings

READ MORE

electric vehicle charging

Michigan utilities propose more than $20M in EV charging programs

READ MORE

russian-missiles-and-drones-target-kyiv-power-grid

Russian Missiles and Drones Target Kyiv's Power Grid in Five-Hour Assault

READ MORE