Industrial Conservation Initiative program cost others $1.27 billion in past 12 months
Ontario's Industrial Conservation Initiative program, which rewards large "Class A" consumers for lower consumption during periods of high demand from the system operator's supplier, cost others $1.27 billion in past 12 months. I won't review the history of the program today as I did 3 years ago in "Stakeholders" destroying the viability of Ontario's electricity market , but I will note that since last March a Variance Account under the [un]Fair Hydro Plan - which shifts costs from ratepayers today to rubes sometime in the future - a debt of $1.2 billion accumulated with April's total still to be posted. Today the system operator (IESO) posted the top 5 peak hours for the adjustment period that ended April 30th, 2018 (it started May 1, 2017) - and Monday the IESO posted the final Global Adjustment figures for April. This post will contain: a quick demonstration of cost shift calculations, review of the ICI value proposition, and another ...