Thursday, October 14, 2010

 

THE CHURCHILL FALLS CONTRACT AND WHY NEWFOUNDLANDERS CAN’T GET OVER IT James P. Feehan and Melvin Baker

To put this future price in perspective,
in 2004 the average wholesale price
of electricity in Ontario was about
$52 per MWh, and in 2003 Hydro-
Québec received an average of
approximately $85 per MWh for its
electricity exports. A price of $2 in
2016 with that price fixed until 2041
is barely distinguishable from being
free. The amount of electricity
involved is approximately 30 million
MWh annually.

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