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Increased electricity exports by Quebec could save Ontario $12 billion over 20 years while providing Quebec with $12 billion in additional revenue from hydro export sales over the same period, says a report released by Equiterre and the Ontario Clean Air Alliance (OCAA) on July 11.
The report also notes that:
- By using existing transmission lines between the two provinces, Quebec is currently capable of exporting power equivalent to 97% of the annual output of Ontario's Darlington Nuclear Station.
- An equitable sharing of the benefits of increased electricity trade could be achieved by an export price of 5.7 cents per kWh, which would be almost double the rate that Hydro-Québec is currently receiving for the bulk of its electricity exports. For Ontario this price would be 30% less than Ontario Power Generations’s estimated cost of power from a re-built Darlington station (8.3 cents per kWh).
Clearly, Quebec and Ontario have a lot to gain from working together.
