Call it whatever you like — “green” or alternate or renewable energy. Wherever governments interfere in power markets to reduce greenhouse emissions, the results are always higher taxes and skyrocketing power bills, with few environmental benefits.
The latest proof came Thursday when Ontario’s provincial Tories released secret documents showing that despite efforts by the governing Liberals to bring down Ontarians’ electricity bills this summer, Premier Kathleen Wynne and her cabinet already know that after next year’s election, power bills will have to go up – way up – until they almost double by 2028.
In their obsession with closing coal-fired power plants and replacing the electricity produced at them with wind, solar and biomass (a blind fixation shared by Alberta’s NDP), Ontario’s Liberals have made a series of awful deals with wind turbine operators and solar farm owners.
They have signed numerous long-term contracts to buy “green” power at well over the market value. And they often dump excess electricity at deep discounts into neighbouring states, losses they then pass on to Ontario homeowners and businesses on their power bills.
Perhaps the dumbest of these deals was the Liberals’ decision to convert a coal-fired plant in Thunder Bay to burn wood chips. They made the deal before they checked whether plentiful Northern Ontario chips were suitable to fire the furnaces they had bought.
They weren’t. So instead of using local chips, Norwegian chips must be shipped in. Power from the Thunder Bay plant costs $1,600 per megawatt-hour – 25 times more than other Ontario wood chip power plants and nearly 100 times more than coal.