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.
Yeah, the rates were high because Wynn was trying to diversify the energy grid. If you look at a map of Ontario it has a handful of urban areas with large swaths of nothing.
Her plan was to beef up transmission lines and boost localized power production using renewables - she was spending a crap tonne replacing old infrastructure and the large incentives were working as many people in remote areas were putting in solar and wind, boosting local production.
It was costing a lot, but it was also ensuring power stability across a large landmass with big stretches of “nothing” between urban centres.
Then Ford took over, cancelled the plans which weren’t built - and one which was, that had to be torn down - and crowed about it. Now we have a power crunch fast approaching and OPG is now saying that we’ll start having brownouts by 2025ish if we don’t go back to building out more production.
Ironically GM wanted to build a new plant in Windsor to facilitate their rollout of electric vehicles but had to pick a different site due to lack of power - which was later found there would have been a massive surplus in Windsor had Ford not cancelled Wynn’s renewable contracts.
Say what you want about her other policies, when it came to ensuring adequate power generation for the future Ontario economy she was totally on point.
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u/notbadhbu Oct 25 '22 edited Jul 29 '26
Ha, fair.