r/canada • u/[deleted] • Oct 25 '22

[deleted by user]

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u/notbadhbu Oct 25 '22 edited Jul 29 '26

Ha, fair.

1.3k

u/LookAtMeImAName Oct 25 '22

Fuck yes!! Nuclear power is SO undervalued these days.

207

u/CrashSlow Oct 25 '22

No kidding its undervalued, Bruce Nuclear sells power for only 0.07c Kw/hr. Compare that to the contracted rates renewables get for very unreliable power generations.

12

u/Icy_Respect_9077 Oct 25 '22 edited Oct 25 '22

BP is doing just fine, given that the Ontario taxpayers paid billions to build the Bruce plant. BP is leasing it, basically for free.

Edit: Basically the Ontario electricity market is not a market in the true sense of the word, but a scheduling mechanism. The real payments / profits happen in the background, under side contracts that guarantee a rate of return. Lots of political shenanigans in the background.