Articles filed under Impact on Economy from Canada
Are claims about the merits of wind power full of hot air? Wind turbines provide fewer economic and environmental benefits for Ontario than advocates had hoped for, says a new report by a University of Guelph economist.
About a decade ago, large industrial pork operations were moving into the area, and residents and politicians were concerned about the environmental and fiscal impact of the farms. ...This pattern of events is unfolding all over again, say local realtors, as Haldimand becomes home to one of Canada’s largest wind energy projects.
This power cost taxpayers $135 per megawatt, totalling $7,852,276. At the same time, because wind power has priority over cheaper forms of electricity production, Ontario had to export 127,361 megawatt hours at $20.40 per megawatt. But by far the worst fact about that weekend is that OPG spilled (or wasted) clean renewable hydro power because of wind priority on the grid.
The green lobby in Europe is so strong that it has pushed EU politicians to oppose virtually every kind of reliable non-renewable energy. ..."Ordinary families and small and medium-sized businesses are essentially subsidizing the investments of green do-gooders," who can afford to install solar panels on their homes and their businesses. But what's really starting to cause citizens and policy-makers to question their green energy agenda, is that soaring energy costs are driving energy-intensive industries in Europe to move to the United States.
A deliberate attempt to obscure the cost of those decisions by releasing only partial numbers? Testimony before the justice committee this week has shown the Liberals knew the $40-million cost of the Oakville cancellation that the former energy minister had insisted was the only true cost, in fact, referred only to sunk costs, and that the final bill would actually be much higher.
Bluewater's new law would impose a building permit fee of $14,000 per turbine on wind developments. The bylaw also imposes refundable security deposits totaling $420,000 per turbine for decommissioning, health and property damage, and legal fees.
"All it takes is just saying well there is a project that has been proposed that entails bringing 33 to 37 huge wind turbines and people just say oh no no no we'll walk away from that." This is the second time Best's home has been put on the market and without a buyer she is left with few options.
Janet Grace, Real Estate Agent, Royal LePage: "All it takes is just saying well there is a project that has been proposed that entails bringing 33 to 37 huge wind turbines and people just say oh no no no we'll walk away from that." This is the second time Best's home has been put on the market and without a buyer she is left with few options.
Last year, Ontario spent millions of dollars paying other states and provinces to take our excess power, most of it from renewables. But the contracts between the province and wind companies gave wind power first dibs on the grid, meaning Ontario was paying other jurisdictions to take some of most expensive power, while spilling cheaper hydroelectric power at Niagara Falls.
A wind energy association is disputing Sarnia-Lambton MPP Bob Bailey's claim wind energy isn't affordable. Bailey and Ontario's PCs have said they will cancel the Feed in Tariff program the Liberal government has used to attract wind and other renewable energy projects to the province.
Nova Scotia Power should shoulder the risk related to its partnership in a Lunenburg County wind farm instead of expecting ratepayers to do so ...John Brereton, president of Natural Forces Wind Inc., urged the Nova Scotia Utility and Review Board to reject the power company's bid to include its $93-million share of the capital cost of the South Canoe project in rates.
He also said having such a policy would protect ratepayers from cost overruns. The board would also be ensuring that any future competitive bidding process to award green-energy contracts is fair, he said. Otherwise, Nova Scotia Power and its partners could potentially submit a low bid, win the contract and then seek to recover their actual higher costs in rates, Todd said.
Pettapiece said his party isn't opposed to "green energy" but does feel that Ontario's current approach to wind power is not efficient. "We're not against green energy, but it's got to be affordable. This is not."
A report by Ben Lansink of London-based Lansink Appraisals and Consulting, shows re-sale values for residential properties in Melancthon and Amaranth townships between 2005 and 2012 dropped an average of 38.8% in the years after a wind turbine facility was announced and built.
I am including the list of property assessment reductions from MPAC since 2008. The list shows 78 significant assessment reductions since 2008 (the wind farm became operational in 2009) totaling $3 million in reductions. The 6 largest reductions are listed below and are situated very close to the turbines.
"There's a reduction in coal use from 2010, but it's not being replaced primarily by green-powered wind energy," Fedeli said. "That hole is being filled mostly by power from other sources. For example, the output increase from natural gas plants was 36% greater than that of wind."
A recent study by respected energy economist Gerry Angevine for the Fraser Institute found that Ontario residents will pay an average of $285 million more for electricity each year for the next 20 years as a result of subsidies to renewable energy companies. ...Even more alarming for the province's economic competitiveness, businesses and industrial customers will be hit by almost $12 billion in additional costs over the same period.
Consumers in Ontario could face up to C$18.2bn ($18.28bn) in additional power costs over a 20-year period due to the province’s policy of subsidizing renewable energy, according to a new study from the Fraser Institute, a leading Canadian public policy think-tank.
Last year the North Bay manufacturer of polyethylene fabrics paid $1 million on its hydro bill for global adjustment costs - money that is used to pay the 20 year guaranteed contracts for alternative energy sources such as solar panels and wind generation entering the provincial power grid. The cost of supporting alternative power "was 42 percent of my hydro bill last year."
There's a line on corporate energy bills called the "Global Adjustment." It's that line that pays for renewable energy projects. Spencer's seen the GA soar over the past few years -- from 5% of his bill to 42%. In his most recent report, provincial Auditor-General Jim McCarter warned that by 2014, the Global Adjustment is expected to be six cents per kilowatt hour -- nearly two-thirds of the total electricity charge.