27 Feb '17, 1pm

Ontario benefits from the competitive procurement of wind energy

Wind energy remains a low-risk, non-emitting option for Ontario that can be built relatively quickly, with a track record of delivering projects on budget, and with contract prices that are making wind power the lowest-cost option available to the province. Ontario currently uses competitive procurements to secure long-term wind energy contracts. This balances the needs of both electricity customers for affordable prices, and wind developers for an adequate return. Having wind projects compete to find the lowest prices keeps costs as low as possible for customers. This is how other Canadian jurisdictions procure new wind power, and how Ontario locked up power for as low as 6.45 cents per kilowatt hour in its latest procurement process.

Full article: http://canwea.ca/ontario-benefits-competitive-procurement...

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