Adams and McKitrick: How green energy is fleecing Ontario electricity consumers
Tom Adams and Ross McKitrick have a column in the Financial Post which promotes their study being released tomorrow by the Fraser Institute. This promises to be a report I'll appreciate, having noted many times the systemic costs of growing intermittent renewables (very recently here ) How green energy is fleecing Ontario electricity consumers Green industry advocates, including the consulting firm Power Advisory and advocacy group Environmental Defense, have added up the direct payments to new renewable generators, and concluded that since those costs are relatively small, the impact of renewables on the total cost of power is likewise small. However, such analyses ignore the indirect costs that arise from the way renewables interact with the rest of the power system. Adding renewable generating capacity triggers changes throughout the system that multiply costs for consumers through a mechanism called the Global Adjustment. Our new study, released Wednesday by the Fraser Inst...