Every nuclear project in Ontario’s history has gone massively over budget. The Darlington rebuild project is already $300 million over budget and the real work hasn’t even started yet!
Meanwhile, Quebec has a growing surplus of low-cost water power available for export. Based on what Quebec is charging the state of Vermont for power (roughly 6 cents kWh under a long-term deal), Ontario could strike a deal with Quebec that is significantly cheaper than the cost of rebuilding Darlington (most optimistic estimate – 8.9 cents kWh).
Quebec has the power:
- Quebec has surplus power available for export during at least 99% of the hours of the year
- Quebec’s power surplus is steadily growing as it finishes a massive new hydro generating project on the Romaine River and finds less demand for its power in the United States, where investments in efficiency and competition from natural gas generation have cut into its market
- Ontario can take full advantage of the power Quebec has available by improving transmission connections at a cost that would be paid back in one year from savings earned by cancelling the Darlington project
- Quebec is interested in making a deal as plans to increase transmission connections to the United States — the only other way it can increase its export power earnings given that its existing connections are maxed out — are going to cost billions of dollars and take many years to complete.
OCAA Chair Jack Gibbons on the advantages of making a deal with Quebec
Quebec Hydro CEO Eric Martel on Hydro Quebec’s big power and export plans
Looking at the big picture on electricity trade benefits:
- Read our backgrounder: The Benefits and Costs of Increased Electricity Trade Between Quebec and Ontario
- View our infographic on the advantages of a deal with Quebec.
- Read our full report on what an electricity deal could mean for both Ontario and Quebec English |Francais
- Read our factsheet on the climate advantages of a deal with Quebec
- Read our factsheet on the power available from Quebec
- Cost comparison of Ontario’s electricity options
- Read our One Year Review of Ontario’s Long Term Energy Plan to learn more about how importing power from Quebec instead of proceeding with nuclear rebuild projects can save us billions.
- How Quebec can benefit by improving energy efficiency and making more low-cost electricity available for export: Higher Profits and Lower Bills: A New Electricity Strategy for Quebec