Queen’s Park the biggest winner with cap and trade

"... the new cap and trade law will be successful in providing endless reasons for businesses and other interest groups to lobby Queen’s Park..."

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Hurting Michigan

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Parker Gallant has called for the Ontario government to "shutdown the intertie line with Michigan" - in an article that notes some of my work. I feel I should offer some support as Michigan is being a lousy neighbour and it would feel therapeutic, if nothing else, to respond. I'll try to stick to data. The system operator in Ontario (IESO) data indicates the Michigan intertie is the most lucrative for exports - but that's not saying much: exports at that intertie were bought in Ontario for an average of just 1.2 cents/kWh ($12/MWh) in 2020 - but were in such high demand another 0.9 cents/kWh of congestion rent was paid. Over the past 5 years congestion rents comprise 46% of the revenue on the Michigan intertie. The IESO's insiders' committees are considering how much of  this revenue to share with the exporters instead allowing it to solely benefit internal Ontario consumers. Action #1: hell no. Issue a ministerial directive that congestion rents will only b...
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