Monday, May 7, 2012

Here is why the Ontario electricity market is totally screwed up

HydroOne provides a comparison tool within the customer web portal, so you can see how a third-party retail contract for electricity would compare to buying your electricity from the incumbent utility.  In this example, for my home during the period of April 7 to May 6, I would have to find a contract that offered a price less than 0.34 cents per kWh.  Clarification: that is $0.0034/kWh! 

Look at the Global Adjustment, it is absolutely out of control and ridiculous.
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2 comments:

  1. SteveMay 9, 2012 at 6:23 AM

    Nice and let me tell one thing that it not my hobby to post comment on other blogs but this is very well so i made up my mind to post comment.


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  2. DavidJune 19, 2012 at 4:36 PM

    You have to be kidding! The global adjustment was that high, such that you would have to pay less than a half a penny for electricity with a retailer? I take it the GA is not usually that high, but that is ridiculous!

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