CleanTechnica•22 days ago
Ontario’s Nuclear Rate Shock Reveals a Deeper Affordability Problem
Key Takeaway
Ontario's proposed nuclear rate hike signals a significant increase in baseload power costs, directly impacting project economics for developers and operational budgets for large power consumers.
AI Summary
- •Ontario Power Generation (OPG) is seeking Ontario Energy Board (OEB) approval for a significant increase in regulated nuclear payment amounts.
- •The proposed increase includes a year-over-year jump of over 40% in 2027, raising the weighted average regulated payment from $78/MWh in 2026 to approximately $110/MWh in 2027.
- •This signals a substantial rise in baseload power costs in Ontario, directly impacting the operational expenses for large power consumers and potentially altering the economic viability of new generation projects.
- •The rate shock reveals a deeper affordability problem within Ontario's energy market, suggesting higher overall electricity prices for consumers and industrial users.
Topics
capacity-marketdatacenterfinancingpolicy
Article Content
Ontario Power Generation (OPG) has asked the Ontario Energy Board to approve a sharp increase in regulated nuclear payment amounts, including a year over year jump of more than 40% in 2027. The weighted average regulated payment amount rises from about $78/MWh in 2026 to roughly $110/MWh in 2027, driven ... [continued] The post Ontario’s Nuclear Rate Shock Reveals a Deeper Affordability Problem appeared first on CleanTechnica .