- Winston Adams
- July 03, 2012 - 17:54
Remember Ed Martin's phrase that exports to the USA spot markets will be gravy. And Kennedy explained in the House that these USA markets sometimes pay a dollar per kilowatt hour. Well, those prices are true. Last year the prices went high like that for almost 3 weeks total during the heat waves. But just for a few hours per day. Now I see that in Texas over the next few years they expect a shortfall (in Summer) of some 20,000 megawatts, like 25 Muskrat Falls. They want to attract power companies to build new generation . But the power companies, knowing the short duration of these spikes at high prices, show little interest, as it is not profitable. So the authorities there plan to raise the price limit for these spikes to 9 dolllars a kwh. Even then power companies are not anxious to invest. So here's an idea. Transmit MF power to Texas - it's only twice as far, and yes, there are transmissiion losses, but man- 9 times the price! Look at the gravy there. Now of course, most power companies reason that the high capital cost of new generation makes it unwise to build large plants that have customers for short durations. Perhaps we should tell the Texans that there are some Newfies who are anxious to supply this market, and will do so much cheaper than Texas companies will. Any wonder a local economist said Nalcor uses voodoo economics. Hydro Quebec seemed to give a better return on the bit of surplus power we sold through them. Surely our PUB must be allowed to review and decide the economics of this scheme.
- Pierre Neary
- July 03, 2012 - 16:56
In my own opinion, the history books will not be kind to Mr. Williams.
- Maurice E. Adams
- July 03, 2012 - 08:24
"we will not barter the future of Newfoundlanders yet unborn..."?.... See how this phrase echo's the criteria for "sustainable development" (which Muskrat Falls fails for meet) , and how Muskrat Falls fails to 'stabilize' electricity rates..... Go to www.vision2041.com