Renewable energy just too costly


In May, 2009, Energy Minister George Smitherman oversaw the enactment of his Green Energy and Green Economy Act (GEA). It required that Ontario electricity consumers pay high prices for certain kinds of renewable power, including 13.5 cents/kWh for wind and up to 80.2 cents for small rooftop solar. Four years later Ontarians are asking if they can afford such big premiums for renewable power over the 8 cent cost of existing power.

via Renewable energy just too costly | FP Comment | Financial Post.