The impact of rising electricity prices in Ontario has gripped the headlines for some time. Researchers from the Ivey Energy Policy and Management Centre have come up with policy options aimed at reducing consumer electricity bills, receiving national and local media attention.
Noted columnist Adam Radwanski praises Ivey's policy ideas in The Globe and Mail:
"A quartet of professors from Ivey Business School made a reasonable case that the useful lifespans of generation assets such as wind turbines and gas-fired power plants – on which Ontario utilities have spent billions of dollars over the past decade – will exceed contracts that are typically for 20 years. So it makes sense, the authors argued, to try to spread some of those contracts’ costs to after that 20-year period – possibly by offering generators with existing contracts the opportunity to bid on new, longer ones."
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CTV News also interviewed Energy Centre research director Margaret Loudermilk on the issue, citing how government could smooth out the cost of energy in the province by renegotiating hydro contracts.
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