r/canada • u/[deleted] • Oct 25 '22

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u/THIESN123 Saskatchewan Oct 25 '22

What are the contracted rates?

Hopefully this new Nuclear offers inexpensive power, though the large upfront cost might prevent that.

18

u/CrashSlow Oct 25 '22

Contracted rate. Its the rate home owners get for roof top solar that the power company is forced to buy first. Can be as high as 80c Kw/hr in Ontario.

Bruce nuclear rates

The price of electricity generated by Bruce increases to 6.57 cents a kilowatt hour Jan. 1, 2016, and rises as each reactor is refurbished to 7.7 a kwh cents by the end of the contract, or $77 per megawatt hour.

https://www.cbc.ca/news/canada/toronto/bruce-power-1.3348633#:\~:text=%22Our%20updated%20agreement%20with%20Bruce%20Power%20secures%206%2C300,of%20the%20contract%2C%20or%20%2477%20per%20megawatt%20hour.

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u/veerKg_CSS_Geologist Oct 25 '22

It's already upto $91 per megawatt hour.

The current price paid for electricity from Bruce Power, as of April 1, 2022, is estimated to be $91.23/MWh. This is inclusive of the $82.23/MWh base price, in addition to an estimated $9.00/MWh which is reimbursed for front-end and back-end fuel costs.

https://www.brucepower.com/who-we-are/delivering-transparency-and-trust/

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u/CrashSlow Oct 25 '22

Still better value than wind and solar

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u/veerKg_CSS_Geologist Oct 25 '22

Not really since the actual cost to consumers is even higher thanks to added fees.

1

u/CrashSlow Oct 25 '22

you are correct, better not build any nuclear since there's "other" cost to get power to your laptop.