http://www.moneyville.ca/article/973579--ontario-power-prices-go-below-zero#comments
Spring is here, the sap is rising – and Ontario is giving away electricity.
That may come as news to householders, who had watched bills crawl steadily higher until the province took the edge off by awarding a 10 per cent discount starting Jan. 1.
But the combination of low demand and gushing rivers has driven prices lower than zero at certain times of day over the past week.
For example:
On Monday, prices dipped below zero for five hours during the night, going as low as minus 12.2 cents a kilowatt hour.
On Sunday, prices were also negative for five hours, dipping to minus 12.8 cents a kilowatt hour at the lowest.
The price fell to minus 2.2 cents a kilowatt hour for an hour on Saturday.............
Spring is here, the sap is rising – and Ontario is giving away electricity.
That may come as news to householders, who had watched bills crawl steadily higher until the province took the edge off by awarding a 10 per cent discount starting Jan. 1.
But the combination of low demand and gushing rivers has driven prices lower than zero at certain times of day over the past week.
For example:
On Monday, prices dipped below zero for five hours during the night, going as low as minus 12.2 cents a kilowatt hour.
On Sunday, prices were also negative for five hours, dipping to minus 12.8 cents a kilowatt hour at the lowest.
The price fell to minus 2.2 cents a kilowatt hour for an hour on Saturday.............