The Growing Cost of Electricity Production in Quebec
Invoking “obvious economic reasons,” i.e., annual savings of $24 million, the Quebec government cancelled six small hydroelectric power projects this past February. In April, however, it announced new supply contracts for wind power, a sector that is already guaranteed to receive an implicit subsidy of $695 million a year until 2020. For Youri Chassin, economist at the MEI and the author of this Economic Note, we have an urgent need for rational decisions based on our actual energy requirements and not on artificial support of various energy sectors.
Media release :: It will cost $695 million a year to produce wind power that Quebec doesn’t need
Technical Appendix (in French only) :: Calcul des subventions implicites pour chaque filière
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| Le ministre responsable de la Gaspésie fait économie… de logique (Huffington Post Québec, June 24, 2013)
Blowing our tax dollars on windmills (Sun Media, June 28, 2013) |
Interview (in French) with Youri Chassin (Radio-Canada, June 17, 2013) | Report (in French) with Youri Chassin (TVA network, June 16, 2013) |