Canada: Green Energy Act is saving us money

The more possible consumers are removed from the economy, jobs, wages, experience, more, the less growth in an economy is achieved. Even if a business doesn't produce product for the people directly they do for the businesses that depend on consumer customers. Those employed also help in the innovations and upgrades to the products developed which tend to save monies, a machine can't to that and neither can a programmer of, nor an investor who hasn't a clue as to product and frankly doesn't care as bottom line profit is their want, unless they really understand the production and possibilities not seen by others as to a product.

Jun 11 2011 - Extensive media coverage has been given to Ontario’s electrical energy systems not only locally, but globally, for the past several years now.

And with all the excitement around green energy, it’s no surprise that our provincial party leaders have a lot to say about energy as they prepare for the fall election.

Unfortunately not everything they say is true.

Ontario’s Green Energy and Green Economy Act is the most recent step in nearly a decade’s worth of renewable energy policies, and is intended primarily to create green jobs and stimulate the economy, while serving also to benefit the energy sector and the environment.

A 2010 report by ClearSky Advisors — Economic Impacts of Solar Energy in Ontario — noted that the solar energy market creates 12 times more jobs than the nuclear energy market does per unit of energy generated, and 15 times more jobs than coal or natural gas, at one-fourth to one-sixth the cost.

Ontario’s electricity grid is managed by the Independent Electricity System Operator, which involves the delicate balancing of purchasing power from many sources to ensure we always have enough to keep the lights on. The Ontario Clean Air Alliances watches the system operator like a hawk, and has noted that the alternative to purchasing solar energy is the “business as usual” approach of importing coal-fired electricity from the U.S. at prices that typically exceed $1-per-kilowatt/hour and range up to as much as $2.

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So back to the numbers — at 80.2 cents per kwh, solar is cheaper than imported electricity, and it creates more jobs. That money gets paid to Ontario homeowners, who spend the money on groceries and commodities and contribute to the local economy. {continued}

Economic Impacts of Solar Energy in Ontario