September 2012 Ontario Electricity Exports Bulletin
Electricity Exports Generate Revenue for Ontarians
Ontario's electricity market generated almost $15 million in August by exporting electricity to other states and provinces, bringing total net export revenues to more than $142 million this year.
This revenue helps Ontario keep costs down for families and helps build and maintain a clean, reliable and modern electricity system.
Ontario is part of an interconnected North American power grid that allows the province to buy and sell electricity with states and other provinces. Being interconnected gives the province the opportunity to export power when it's not needed by Ontario families and businesses and benefit from these revenues.
Since 2006, the electricity market has generated $1.9 billion through net exports compared to 2002 and 2003 when Ontario paid $900 million to import power.
Ontario is replacing dirty, coal-fired plants with cleaner sources of power like wind, solar and bio-energy. It is part of the McGuinty government's plan to keep costs down for families today, while building a clean, modern and reliable electricity system for tomorrow.
- In August, the Ontario electricity market generated net export revenues of $14.8 million. This is based on export revenues of $35.4 million minus imports of $20.6 million.
- Ontario’s Independent Electricity System Operator operates the wholesale electricity market, balancing supply and demand to ensure system reliability.
- Ontario's high-voltage transmission grid is connected to Manitoba, Quebec, New York, Michigan and Minnesota.
- Between 1995 and 2003, Ontario’s electricity system lost 1,800 megawatts of power, the equivalent of Niagara Falls running dry.
- Since 2003, Ontario has brought more than 10,000 megawatts of new electricity supply online, enough power for over two million homes.
- Through the Ontario Clean Energy Benefit, the government is taking 10 per cent off the first 3,000 kilowatts of electricity used each month to help families, farms and small businesses manage the costs of turning on more clean power.