Denmark Opinion | Windmills damage welfare and employment

Henrik Lando, professor in contract economics at Copenhagen Business School, "argues that Denmark has invested in a failed premise"

Opinion | Windmills damage welfare and employment | The Copenhagen Post | The Danish News in English:

...windmills fail to help with unemployment. This is demonstrated in the possible outcomes of investing billions of kroner elsewhere. For example, we could support energy renovation in older homes. This would benefit the environment while not be encompassed by the quota scheme and it would spur employment since energy renovations are already profitable and cost less amount for each job that is created. Morten Albæk from Vestas wrote in Berlingske newspaper earlier this month that wind energy is cost-competitive due to the fact that conventional energy receives more subsidies than wind energy. But this is the usual manipulation of numbers by the windmill industry. Albæk’s figures only serve to show that developing countries subsidise energy consumption for political reasons. It is not indicative of the cost competitiveness of wind energy.
Wind energy is not just uneconomical in its few jobs per subsidy krone. The subsidies are paid for by households and companies through electrical bills. As a consequence, it stifles employment by diminishing Danes’ purchasing power and lowering the competitiveness of the nation's companies.
Denmark’s focus on wind energy relied on the premise that wind energy on its own would be competitive. That premise was wrong. Wind energy is not beneficial to the climate, puts a strain on Danish economy and increases unemployment. The sooner the energy settlement can be renegotiated the better for the Danish economy.

The entire article may be read at The Copenhagen Post:
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Hudak pitches electricity subsidy for manufacturers

A PC white paper, Advanced Manufacturing for a Better Ontario, appears to offer a more transparent way to offer lower rates to industry when compared to the current government's Class A global adjustment mechanism and Industrial Electricity Incentive Program

The PC paper opposes throwing money away on more wind

Hudak pitches electricity subsidy for manufacturers | Toronto Star:

Tory Leader Tim Hudak says Ontario must subsidize electricity costs for manufacturing if the province is to keep and attract jobs.
And in order to do that a Progressive Conservative government would end the $4 billion to $5 billion in subsidies to wind and solar power, Hudak told reporters at Queen’s Park in spelling out the details of his party’s latest policy paper on job creation.
“The world has changed a lot when it comes to manufacturing. There are five millions new jobs that the Americans are going to get so let’s get our fair share — at least 300,000 — and part of that equation (is) making sure we have affordable hydro,” he said.

Continue reading at the Toronto Star
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Energy Minister Chiarelli: Bringing Ontario a New Energy Vision

According to the latest press release from Energy Minister Bob Chiarelli, “everything old is new again”, if we are to believe any of the diatribe contained in it. One day after the highest demand day in 2013 the Minister has a “new” vision for our energy system. July 15, 2013, hour 17, the 2,017 MW of wind turbine generators were producing 47 MW of power to contribute to that peak demand hour's energy needs of 24,025 MW. Wind was providing less then 2 tenths of 1%. Not to worry though as the Ontario Power Authority has contracted for an additional 3,000 MW of wind development and when they are up and running Ontario might get as much as one half a percent from wind generators on those peak summer demand days.

Perhaps because of that miserly production Minister Chiarelli suddenly became aware that the “old” energy plan has severely harmed Ontario! That evidence may have convinced him that if he simply relabels the “plan” as the “New Energy Vision” things will get better. In the release he has discovered conservation and given it his “Top Priority” perhaps recognizing that wind sure isn't the panacea the environmentalists had promised. Read more »
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Wind Forecast Order Jeopardizes Industry, Tata Power Says

This is an important development from India.

Hat tip to Quixotes Last Stand on finding it (they offer a "Tip of the hat to S.T.E.M.M.")

Wind Forecast Order Jeopardizes Industry, Tata Power Says - Bloomberg: 

India’s move to stabilize its power grid by asking wind farms to accurately predict their output a day in advance or face fines will deepen the slowdown in Asia’s second-biggest wind market,Tata Power Co. (TPWR) said.
A directive took effect this week ordering wind farms with a capacity of 10 megawatts or more to forecast their generation in 15-minute blocks for the following day. Missing estimates by more than 30 percent will incur penalties.
“Forecasting at 15-minute intervals is very challenging,” and could cost a 100-megawatt farm an estimated 250 million rupees ($4.2 million) a year, Tata Power said in an e-mailed response to questions. “Developers will see this as a further handicap” and penalties will “jeopardize” the industry’s growth, the nation’s second-biggest developer said.
India’s wind market is already reeling from a 42 percent plunge in turbine installations in the last financial year after the government withdrew subsidies. Some of the biggest developers including Tata Power, CLP Holdings Ltd. (2), and Goldman Sachs Group (GS) Inc.-backed ReNew Wind Power Pvt. have slowed plans for new projects, while turbine sales plunged forSuzlon Energy Ltd. (SUEL) and Gamesa Corp Tecnologica SA. (GAM)
The order from India’s Central Electricity Regulatory Commission took effect yesterday

Continue reading at Bloomberg
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Spain Cuts Green Energy Losses

A second post of the day on Spain's events

May be overkill - may contain advice on how to extract ourselves from our own mess

Spain Cuts Green Energy Losses | The American Interest: 

Spain is the latest European country to regret its foray into green energy production. On Friday the Spanish government announced some contentious reforms to its regime of green energy subsidies, which were among the most generous in Europe.
...power utilities will suffer and banks will probably have to write off millions in bad loans to solar companies, but the government had few alternatives:

“The measures in this reform aren’t easy for anyone, but they’re absolutely necessary,” [Industry Minister Jose Manuel] Soria said at a press conference in Madrid today. “If we did nothing, the only two alternatives would either be bankruptcy of the system or an increase of the price to consumers of more than 40 percent.”

While environmentalists will no doubt be upset, Spain made the clear choice. High electricity rates are an unnecessary and regressive tax on citizens and a serious drag on industry, and green energy has yet to prove itself competitive without substantial subsidies. Spain is right to cut its losses on its costly green energy boondoggle and to refocus its limited resources on the country’s more pressing problems.

The entire article may be read at The American Interest
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Ontario Liberals: 10 years of Mismanagement of the Energy Portfolio

At the advent of the five (5) by-elections in Ontario and as we close in on the 10th anniversary of the current Liberal's tenure as the governing party in Ontario it is time to look back on their management of the “Energy” portfolio. It is particularly appropriate to examine their past as the energy issue is bound to be on voter's minds. Additionally, the current Minister of Energy, Bob Chiarelli, has embarked on what he refers to as a “review” of the Long-Term Energy Plan (LTEP) which was never a “plan”! When the LTEP was released in the fall of 2010 by Energy Minister, Brad Duguid it was to be a “guide” to the Ontario Power Authority (OPA) so that they could produce IPSP II. The original IPSP (Integrated Power System Plan) was thrown to the curb by George Smitherman when he held this portfolio and Chiarelli's predecessor, Chris Bentley tossed LTEP II in the trash!

So let's examine the list of energy events brought to us by the Ontario Liberal Party after they condemned the predecessor governments of Premier's Harris and Eves for their management of that portfolio! Please note that the costs of the Liberal policies over the past 10 years are estimates based on the best information available. Here they are:Read more »
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Requiem For Spanish Wind?

Requiem?

Maybe after appreciating some silence.

Requiem For Spanish Wind? - Forbes:

The pain in Spain cannot be sustained. That’s the conclusion of the  Spanish government, which is slashing its subsidies for wind power and other renewable energy as part of a deficit-fighting move. Spain is the latest European country to cut subsidies for clean energy — following similar moves in the U.K., Germany and Italy — because they’re driving up costs for consumers.
Power companies decried the elimination of the subsidies, which will cost them an estimated $3.5 billion. The government will absorb another $1.2 billion or so.
It’s a sad end for a program once heralded as a model by the Obama administration for its own renewables initiative. Yet it’s also not a surprising one. Despite its promise, wind energy has struggled to overcome economic barriers. Without government subsidies, it simply isn’t a viable business.

The entire article may be read at Forbes:
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U.K. Wind farm subsidies cut by 25 per cent/ The dirty secret of Britain's power madness

First from reporter Robert Mendick in the Telegraph, then from James Delingpole

Wind farm subsidies cut by 25 per cent - Telegraph:

Long-term subsidies for wind farms are to be cut by a quarter, the Government will announce this week.
...
Ed Davey, the Liberal Democrat Energy Secretary, will announce the cut in subsidies for new wind farms as part of a radical overhaul of the electricity market.
He will say that the subsidies, which are added on to household electricity bills and paid for by consumers, will last for 15 years rather than 20 – effectively a 25 per cent cut. The plans, which will affect all wind farms built after 2017, will be outlined in an Energy Bill now before Parliament.
...
Opponents of wind farms have long argued that the subsidies, introduced by the Labour government to encourage the industry, were far too generous. The Renewable Energy Foundation (REF), a think tank critical of the wind power industry, has estimated that consumers currently pay more than £1 billion a year in subsidies, and this is expected to rise to £6 billion a year by 2020 to meet targets for providing 30 per cent of electricity through green energy.
Dr John Constable, director of REF, said: “DECC’s reduction of subsidy entitlement from 20 to 15 years is a tacit admission of two key points, firstly that current subsidies are overgenerous, and secondly that wind turbines are in any case unlikely to have an economic life much over a decade.
“DECC needs to face up to the fact that subsidising existing renewable technologies hurts the consumer without delivering any significant benefit to climate change or creating a renewables industry that can actually stand on its own feet.”

Continue reading at the Telegraph:

The dirty secret of Britain's power madness: Polluting diesel generators built in secret by foreign companies to kick in when there's no wind for turbines - and other insane but true eco-scandals | Mail Online

• Moving to wind power is expected to cost £1 billion a year by 2015

• Official figures on the size of the green economy are extremely misleading

• They exaggerate the worth of the sector by up to 700 per cent

image from source article

 

Thousands of dirty diesel generators are being secretly prepared all over Britain to provide emergency back-up to prevent the National Grid collapsing when wind power fails.

And under the hugely costly scheme, the National Grid is set to pay up to 12 times the normal wholesale market rate for the electricity they generate.
One of the main beneficiaries of the stopgap plan is the Government itself, which stands to make hundreds of millions of pounds by leasing out the capacity of the generators in public-sector property including NHS hospitals, prisons, military bases, police and fire headquarters, schools and council offices.
But the losers will be consumers who can expect yet further hikes in their electricity bills in the name of ‘combating climate change’.

The scheme is expected to cost £1 billion a year by 2015, adding five per cent to energy bills.

Please continue reading James Dellingpole's Mail Online column

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On the generator theme, I'll note Parker Gallant and I wrote on an article in December 2011 which included:

The Liberal government altered the murky Global Adjustment mechanism for Ontario’s largest consumers of electricity shortly after Premier McGuinty penned an article where he noted; “The previous government’s plan was to use emergency diesel generators — again, a stopgap, dirty air solution.“ These very large customers are now charged a share of the Global Adjustment based on their share of usage only during a limited number of peak hours.  It has been estimated that these large wholesale customers can save $250,000 for every MW not consumed off of the grid during only 5 peak hours.  For large electricity users with standby diesel generators the functional message is clear: “Smoke ‘em if you got ‘em”

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Spain Power Reforms to Cost Companies 2.7 Billion Euros

Spain has announced a package of sector cutbacks to address it's enormous tariff deficit.

Spain Power Reforms to Cost Companies 2.7 Billion Euros - Bloomberg:

Spain slashed profit for renewable energy companies and the electric grid operator, part of Prime Minister Mariano Rajoy’s effort to eliminate a 4.5 billion euro ($3.9 billion) deficit forecast this year for the industry.
Industry Minister Jose Manuel Soria said the measures will cost utilities 2.7 billion euros and consumers 900 million euros. The government will absorb a further 900 million euros of costs. The changes take affect tomorrow.
...
Deputy Prime Minister Soraya Saenz de Santamaria said today’s announcement will be the “definitive reform” of the electricity system, after a series of stop-gap measures that failed to end the deficit.
Rate Cap
The debt has grown for a decade because regulators cap rates, also known as tariffs, at levels not high enough to reimburse services such as power transmission and generating from more expensive renewable sources.
Renewable energy operators that earn about 9 billion euros a year in subsidies were already hit by a 7 percent tax on their revenue in December and a lower allowance for inflation in February. Spain’s bigg

Read more »
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Plant asks, "Does Ontario's GEA blow?"

"[When you] look at what the US, Quebec and Manitoba provide to their manufacturers, the energy file is not looking too positive for Ontario manufacturers.”

From PLANT's print edition: Does Ontario's GEA blow? | Canadian Manufacturing:

“Already, the GEA has caused major price increases for large energy consumers, and we’re anticipating additional hikes of 40% to 50% over the next few years,” says Ross McKitrick, a Fraser Institute senior fellow and author of Environmental and Economic Consequences of Ontario’s Green Energy Act, in a statement announcing the report.
...
The report contends the manufacturing and mining sectors will be particularly hard-hit by rising energy costs. It predicts returns to investment for manufacturing will likely decline by 29%, mining by 13%, and forestry by less than 1%.
“We’ve always had concerns with the economic modelling of the Green Energy Act,” says Ian Howcroft, vice-president of the Ontario division of Canadian Manufacturers & Exporters (CME). “We supported looking at alternate energy; we thought the energy mix should include solar, nuclear, gas and other opportunities, [but] you have to look at the economics of this, you can’t have a subsidized rate starting at 62 cents for solar and then sell that for between 5 and 11 cents, it just doesn’t make sense, its not sustainable. I think we’re finding that out right now.”

Read more »
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Spanish government plan takes wind out of sails of country's renewable energy sector

Public Radio International reports on Spain's renewable subsidies - subsidies that are likely to see another revision, downwards, later in July.

"Spain had a thriving renewable energy sector, until the bottom fell out of the economy. In the Spanish government's efforts to find funds to operate, it decided its subsidies for renewables were too high. Not only did it reduce subsidies, it actually went after subsidies already awarded in previous years."

Spanish government plan takes wind out of sails of country's renewable energy sector | PRI.ORG:

Economist Mike Rosenberg says... Spain ran out of money after the housing and banking crashes four years ago.
“And these subsidies, which were thought to be very generous, were seen as no longer affordable,” he said.
The Spanish government has reduced the subsidy for green energy 13 times since 2010, for big and small investors alike. Most investors say they figured the initial support was too generous, so they expected reductions over time.
But earlier this year, the Spanish government did something no one saw coming.
At a small office by the rail lines in the port of Tarragona, solar entrepreneur Mark Segura recalls the day he read the single word that he says sank the future of green energy here: retroactivity. The government announced that its subsidies would shrink — not just in the future, but going back to the beginning of the program.

Read the entire article, and listen to the audio report, at PRI.ORG: 

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New Study Concludes Ontario will $56 billion better off without more wind turbines

From the press release:

TORONTO, ON July 8, 2013 – A new detailed analysis concludes that investment in Ontario’s nuclear generation capacity will deliver the greatest benefit to Ontario ratepayers and the economy while dramatically reducing future potential greenhouse gas (GHG) emissions.
Ontario is in the middle of a review of its 2010 Long-Term Energy Plan (LTEP). Many observers have speculated that with slower than forecasted growth in energy demand in Ontario, building out the full capacity contemplated by the LTEP could result in higher than anticipated costs to ratepayers and an unacceptably large surplus of power generation capacity. New decisions on the future supply mix for Ontario may have to be contemplated.
To inform the LTEP review, the Power Workers’ Union (PWU) and the Organization of Canadian Nuclear Industries (OCI) commissioned Strategic Policy Economics Inc. (Strapolec) to assess the economic and GHG emission impacts associated with two supply mix options. One scenario – Retained Wind − assumes that planned new wind generation goes forward while investments in nuclear power generation are curtailed. Under this scenario, additional gas-fired generation is needed as a backstop to the intermittency of wind generation. The other scenario – Retained Nuclear − assumes that the planned refurbishment of existing nuclear reactors and the building of new reactors would proceed while the proposed development of new wind generation would not.
The study shows that retaining the nuclear generation capacity as planned in the 2010 LTEP while reducing contemplated wind generation would:

• Produce $56 billion in direct benefits to Ontario’s economy through $27 billion in savings to ratepayers and $29 billion in direct investment in Ontario. This represents a $60 billion net incremental benefit to Ontario as compared to the Retain Wind scenario.

The remainder of the press release can be read at The Power Workers' Union, as can the entire study, Ontario Electricity Options Comparison: Illustrating the Economics of Ontario Energy Supply Options | Marc Brouillette | Strategic Policy Economics



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The future of UK energy is in the wind

The future of UK energy is in the wind | The Times:

The Government will be forced to abandon its renewable energy programme unless it is more honest with consumers about the soaring cost, the owner of British Gas has warned.
Sam Laidlaw, the chief executive of Centrica, said that consumers were not sufficiently aware of the £104 levy on each household’s energy bill they will be paying by the end of the decade to fund renewable subsidies.
If consumers are not prepared to pay higher energy bills to tackle climate change, a backlash could result when the escalating costs become apparent. This could force the government of the day to retrospectively scrap the subsidies as Spain has done in recent years. The move has destroyed investor confidence in the Spanish energy sector, a prospect already unnerving energy companies in the UK, Laidlaw told a panel discussion entitled “How to keep the lights on in Britain and how other countries fare better”.
“We need more education about cost to consumers,” he told the summit. “There needs to be honesty from politicians too ... It’s not clear if consumers are sufficiently committed [on climate change]. If the electorate is not with us we could have a repeat of the situation in Spain. That makes people very nervous.”

Please continue reading at The Times:
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Today's Forecast: Record High Electricity Prices

The Independent Electricity System Operator (IESO) just released their “2nd Estimate” of the Global Adjustment (GA) for the month of June and it was a new record; topping out at $719.9 million or $79.12 per megawatt hour (MWh). Equivalent to 7.9 cents per kWh and added to the Hourly Ontario Energy Price (HOEP) of 2.4 cents per kWh means the cost of generating a kWh of electricity in Ontario for June averaged 10.3 cents a kWh or 2.1 cents per kWh over the current average time-of use (TOU) electricity rate of 8.2 cents. That 2.1 cent jump, if carried through to the fall when the Ontario Energy Board announce their next TOU prices (effective November 1, 2013) will mean Ontario's ratepayers will see the price per kWh jump by 25.6% and add $288 annually to the average ratepayers bill to accommodate the increased GA. Ratepayers should also expect their delivery rates to increase but that forecast will be left for another day.

To put the June 2013 GA total of $719.9 million in perspective it topped out at $135.1 million (23.1%) higher than June 2012 and the GA per MWh of $79.12 came in at $15.01 per MWh (23.4%) higher than IESO had forecast only 30 days earlier at the start of June 2013. The GA for June 2013 was 45.9% higher then the June 2012 GA of $54.22.

IESO's forecasting is assumed to be based on; history of demand patterns coupled with generator capability (most power in Ontario is contracted for at set prices) and weather forecasts from Environment Canada and others. For the past year IESO's estimates also include their own weather forecasting; as it relates to wind generation.

The latter was the subject of what IESO refer to as SE-91 (Renewable Integration) a “stakeholder” engagement that looked at the vagaries of intermittent renewable energy and how best to integrate it into the grid to ensure stability. The concept was; if IESO could forecast production from those sources (wind and solar) which are weather dependent then they could better schedule peak generators such as; coal, hydro or gas or could curtail, dispatch off or constrain production from wind generators and Bruce Nuclear. The initial focus on wind production and the concept presented was that wind developers would be required to erect meteorological towers at their cost. These “stations” would allow IESO to electronically tap into the data to determine just how much power might have been generated and pay the developers for the constrained power. Read more »
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Parker Gallant: Ontario Green Energy Act a bigger debacle than McGuinty’s power plants

Ontario Green Energy Act a bigger debacle than McGuinty’s power plants | FP Comment | Financial Post: 

Filled with umbrage that his record as steward of Ontario’s electricity market is under parliamentary review, former Liberal Premier Dalton McGuinty more or less passed the buck down to his staff. Appearing before a legislative committee on Tuesday, Mr. McGuinty became irritated and accusatory, saying the search for emails and other documents deleted by underlings is nothing more than a political witch hunt over his decision to cancel two gas-powered generating stations at a cost of at least $585-million.

Picture from source article

Mr. McGuinty is actually getting off too easy. The gas plant cash drain is far outweighed by the burden on Ontarians of Mr. McGuinty’s sprawling green energy fiasco. I say we should forget about the gas plants and the $585-million in wasted money. It’s gone. Instead, let’s order up all the emails and documents — through maybe half a dozen energy ministers under the premier’s control — as they reached the policy and economic decisions that created the 2010 Green Energy and Economy Act (GEA). That act will cost Ontarians 10 to 20 cancelled gas plants.
Let us see the emails and communications and meeting notes between bureaucrats and ministers, between Ontario Power Authority and the government, between all of them and the NGOs and industry activists who lobbied, promoted and sold the GEA policy disaster. There’s the $7-billion deal with Samsung, the false data on carbon emissions, the job creation calculations, the colossal giveaways to wind and solar entrepreneurs who formed lobby groups. On it goes.
And the sham continues....

Please Continue reading at the Financial Post
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Green energy job claims are a farce

Lorrie Goldstein continues to call out the Ontario government - and other governments - on job claims

Green energy job claims are a farce | Columnists | Opinion | Toronto Sun:

It’s always good for a laugh when politicians — from U.S. President Barack Obama, to Ontario Premier Kathleen Wynne — brag about green energy as a job creator.
To illustrate, let’s review the number of jobs actually created by the Ontario Liberals’ green energy plan, as opposed to what they promised, while they’ve been sending our hydro bills into the stratosphere.
When ex-premier Dalton McGuinty introduced his Green Energy Act in 2009, he said it would create 50,000 jobs in Ontario by the end of 2012.
But when former auditor general Jim McCarter reported on McGuinty’s green energy plan in December, 2011, he found most of those jobs — 30,000 — were in construction, lasting only one to three years.

Continue reading at the Toronto Sun
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McGuinty’s green-energy ‘vision’ begins to fade

In the The Globe and Mail - from columnist Konrad Yakabuski

McGuinty’s green-energy ‘vision’ begins to fade - The Globe and Mail:

With the bulk of Ontario’s baseload electricity capacity coming from emissions-free nuclear power, commissioning massive amounts of wind and solar energy at guaranteed sky-high rates was a dubious idea from the get-go. With energy surpluses galore, idling nuclear reactors so an overloaded electricity grid can accommodate intermittently produced renewable energy is costing Ontario dearly as it exports unneeded wind power at a fraction of what it pays for it.
“The loss rate will continue to grow with every new wind turbine installation because the mismatch between the timing of wind-powered generation and Ontario electricity demand is structural,” University of Guelph economics professor Ross McKitrick wrote in an April Fraser Institute report.
What’s more, because you can’t restart a reactor on a dime, and because the wind blows when you least need additional power, the province is increasingly forced to meet interim shortfalls with natural-gas-generated electricity. The net result is more greenhouse gas emissions.
So much for green energy supposedly replacing the the dirty coal-fired stuff the province has promised to phase out by next year. 

Continue reading at The Globe and Mail
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A white flag for green energy

A white flag for green energy | Waterloo Region Record:

The Ontario Liberals are striving mightily to portray their disastrous green energy program as a rousing success. Do not believe them. It is an abject failure that inflated electricity costs, alienated rural communities and never lived up to its billing as the engine not just of more jobs but an entirely new manufacturing sector.
This is the context in which to understand last week's announcement that the province had downsized a multi-billion dollar deal it signed with Samsung Group in 2010 to produce electricity from wind and solar projects.
Instead of giving the South Korean corporate giant $9.7 billion for 2,500 megawatts of electricity, Ontario will spend $6 billion for 1,369 megawatts. We pay less. We also get less. Samsung is cutting its investment in new green energy plants and components in Ontario from the $7 billion it originally pledged to $5 billion.
Although the government once boasted that Samsung would create 16,000 new manufacturing jobs, the number of new workers being talked about last week was just 900. That's a flimsy foundation for an economic renaissance.

Contnue reading at the Record
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Wind farms gone wild/ AWED news

AWED Newsletter: June 24, 2013 | MasterResource

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy & environmental policies. Our basic position is that technical matters like these should be addressed by using real science.
Instead of a science-based approach, our energy and environmental policies are typically written by those who stand to economically or politically profit from them.

Some of the links in the newsletter

• America should learn from Europe on wind energy
• Big Wind SLAPPs Critic
• DOE Green Energy Loans: $11.45 million per job
• Falmouth (MA) Real Estate — the Turbine Effect

John Droz Jr. also recommends the compilation of articles published by the Wild Land News (Magazine of the Scottish Wild Land Group) | Wind Farms Gone Wild: Is the environmental Damage Justified? (.pdf)
Read more »
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Kathleen Wynne backing away from McGuinty’s Ontario Green Energy Act

Kathleen Wynne backing away from McGuinty’s Ontario Green Energy Act | Full Comment | National Post:

...the guaranteed rates for wind and solar power that were part of the original legislation have been significantly reduced, and the application process for new projects was reset. Major developers sued the province (unsuccessfully) while smaller wind and solar companies that didn’t want to fight in court instead complained that the system had been plagued by backlogs and that they had been lured into investing in a sector that had already stagnated. Left unsaid by Ontario was that it already has more renewable power than it needs, and even still that amount is set to triple in the coming year.

Read more »
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