Friday November 23rd saw a record 36,423MWh of production from the industrial wind turbines on the IESO controlled grid.
The day ended with a weighted average Hourly Ontario Energy Price (HOEP) a negative $5.76 (estimated) – which would value the loss on exporting at ~$279 thousand.
The wind output on the 23rd was 16 times greater than the wind production 3 days earlier, on the 20th.
We didn’t pay to export power on the 20th.
Posts tagged ‘production’
Tip of the hat to Master Resource
David E. Dismukes, Ph.D. — American Energy Alliance — Louisiana State University
The Case for Ending the Federal Production Tax Credit
1 The federal wind Production Tax Credit (“PTC”), first enacted in 1992 to “jump start” a nascent, but promising industry,2 provides wind producers with a subsidy of $22 per megawatt hour of electricity generated.3 The PTC has been extended seven times,4 but is scheduled to expire under current law on December 31, 2012. Extension of the federal wind PTC has become the “stalking horse” in the debate on government’s role in picking energy “winners and losers.” Although wind advocates proffer several internally inconsistent rationales5 for continuing the federal wind PTC, a closer examination of compelling facts and data indicates these purported justifications are not about wind’s continued viability without the PTC. Rather, the wind industry’s arguments supporting a continuation of the federal wind PTC simply represent a classic case of “rent seeking” by an established industry seeking to maintain profits through a generous tax subsidy.
(To read full report, click here)