No one can make electricity cheap again

February 27, 2017 at 12:14 pm Leave a comment

reactorOntario’s electricity woes stem back to the late 1970s and, over the past 40 odd years, all three parties have had a hand in them. It started with the building of the Darlington nuclear station, which the Bill Davis Tories approved and the David Peterson Liberals saw through to completion — 10 years late and almost $12 billion over budget. No one could afford to pay the real cost of Darlington, so Ontarians carried that debt for the next three decades.

Here’s the short answer: electricity requires infrastructure, infrastructure costs are tied to commodities and labour, and these costs go up over time. What people pay for electricity in any given region is a product of geographic luck (the availability of cheap hydro for example) and having rare — but possible — infrastructure foresight (the ability to plan effectively for the electricity of the future).

Read No one can make electricity cheap again by Bruce Lourie at The Star.

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Entry filed under: Economy, Energy.

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