Quote:
Originally Posted by DoubleK
From the balancing pool website.
Their duties were completed in 2022. The UCP had to introduce legislation to wind down a Crown corp. If you need me to concede that the NDP wasn't in power to advance that legislation, I will concede that.
But to insinuate that the NDP had nothing to do with it is pure misinformation.
But you know this, right?
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You said:
You understand that rates only spiked after the NDP dissolved the Balancing Pool, bought out the PPAs and was moving towards a capacity market, right?
1) rates went up well before legislation was tabled to eliminate the balancing pool
2) the need to wind down the balancing pool is because PPAs were expiring, this is completely unaffected by who currently owned them
The balancing pool being dissolved has nothing to do with anything the NDP did, and it certainly isn’t the reason electricity costs rose before that happened.
Was/is there a cost that is due to the NDP having to take over the PPAs?
Yes.
Is that the reason for the balancing pool being dissolved?
No.
I would say “you know this right” but I’m pretty sure I know the answer and I think it would be more appropriate to ask “you think you can understand that?”
Also, one major reason for recent spikes in power prices are because we are an energy only market, and a pretty unique one at that. A capacity market is a much better market for reliability and stable prices. So saying prices spiked because the NDP were “going to a capacity market” is just plain stupid. How exactly does the NDP investigating going to a capacity market 4 years ago create price spikes last year.
Again you seem to have heard some words that someone told you mean the NDP is bad, but you clearly don’t know how to actually use them in a coherent sentence.