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Ontario sets record for daily wind production – pays to export it

Scott Luft — Cold Air — November 25, 2012

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.

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5 Comments on “Ontario sets record for daily wind production – pays to export it”

  1. massieguy November 30, 2012 at 5:39 pm #

    A wee problem with your figures. The price quoted (5.76 estimated) is CENTS per kilowatt hour, so the actual price is $57.60 per Megawatt hour. So Ontario paid TEN TIMES MORE to get rid of the free, green (blah, blah, blah) energy that your figure.

  2. Clyde November 30, 2012 at 7:06 pm #

    Figures for the market summary section is $$ per Mwh. I think Scott has this right. We’ve had million dollar weekends before.

  3. Scott Luft November 30, 2012 at 7:08 pm #

    OK, I am a little bit guilty of poor communication.
    My estimated price was -$5.76/MWh (<6/10ths of a cent), and the IESO's provided a figure of $-6.12/MWh.
    So the estimate was fine, but I should have put the units after the price.

    With a large thank you for putting this up on you site,

  4. Eve Stevens December 1, 2012 at 11:38 pm #

    I guess there is a reason why I left Ontario and am now paying far less in the Bahamas. No need for heat.

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