Friday’s announcement from the Energy Minister to create a Clean Energy Institute simply amounts to an admission Ontario will continue to create expensive surplus power, Nipissing MPP Vic Fedeli said today.
The Minister highlighted the need to look for methods of storage for that surplus electricity. The Auditor General’s most recent report shows Ontario lost $1.8 billion selling our surplus power to Quebec and the United States over the past six years.
“Our solution, as announced in our PC Energy White Paper, is to look to storage for the surplus wind power that we’re sadly locked into paying for over the next 20 years thanks to this government’s FIT contracts,” said Fedeli.
“While we appreciate the Minister finally talking about storage, it’s also an admission the government plans to continue to develop surplus wind power, which will increase Ontario’s hydro rates,” added Fedeli.
The PC Energy White Paper discusses using green hydrogen as a method of storing energy. Creating hydrogen from our oversupply of wind power could help alleviate strains on the transmission system and curb costly surplus power exports.
Having the second-highest energy prices in North America continues taking its toll in Ontario.
Two weeks ago, General Motors announced it was moving production of the Equinox and Impala from Oshawa to the United States, impacting 2,000 Ontario jobs. High energy costs were cited as one of the factors for the decision by G.M. In all, Ontario lost 31,000 full-time jobs last month and the provincial unemployment rate has been above the national average for 65 consecutive months.
Fedeli reiterated the need to cancel job-killing FIT subsidies and the 9,000 more megawatts of wind power that are being planned right now.
“Expensive wind power has simply replaced affordable hydro on Ontario’s power grid – the cleanest, most reliable source of electricity there is,” said Fedeli.
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