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	<title>Chase Energy Canada Limited</title>
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	<link>http://www.chaseenergy.com</link>
	<description>Energy News &#38; Reports</description>
	<lastBuildDate>Wed, 16 May 2012 12:38:05 +0000</lastBuildDate>
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		<title>BR5 On/Off, GN3 off; BC Awash with Electricity</title>
		<link>http://www.chaseenergy.com/2012/05/11/br5-onoff-gn3-off-bc-awash-with-electricity/</link>
		<comments>http://www.chaseenergy.com/2012/05/11/br5-onoff-gn3-off-bc-awash-with-electricity/#comments</comments>
		<pubDate>Fri, 11 May 2012 12:25:18 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4431</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/11/br5-onoff-gn3-off-bc-awash-with-electricity/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Battle River#5 came online at 07:29 and offline at 14:50; Genesee#3 went offline at 02:08 this morning. After a bumper year for precipitation in the Pacific Northwest, BC Hydro stations around British Columbia are sitting idle while independent power producers run flat out. There&#8217;s so much water available for hydroelectric power that a Washington-Oregon utility, [...]]]></description>
			<content:encoded><![CDATA[<p>Battle River#5 came online at 07:29 and offline at 14:50; Genesee#3 went offline at 02:08 this morning.</p>
<p>After a bumper year for precipitation in the Pacific Northwest, BC Hydro stations around British Columbia are sitting idle while independent power producers run flat out. There&#8217;s so much water available for hydroelectric power that a Washington-Oregon utility, which runs full-time to protect salmon and trout, is paying other utilities to take electricity off its hands. That means bargain-priced import electricity is available to BC Hydro from the Bonneville Power Authority, but it&#8217;s a bittersweet opportunity. It&#8217;s difficult for BC Hydro to tap into the cheap power because of contractual obligations to purchase power from about 75 independent power producers (IPPs). Hydro is forced to buy from IPP operators, including big industrial ones such as Rio Tinto Alcan and Teck Resources, even as its own generation stations wait on standby. For example, at Peace Canyon generating station downstream of W.A.C. Bennett Dam on the Peace River, the primary source of hydroelectricity for all of B.C., the turbines are sitting idle for the first time in a decade. Prices paid to IPPs vary by season, from an average winter high of $100 to a springtime low of about $60. By contrast, the Bonneville price in recent weeks has averaged less than $20 US. The water is pouring in just as warmer spring temperatures push down electricity demand. Data this week from the U.S. Energy Information Agency shows Oregon with 172 per cent of its long-term average precipitation supply, and B.C. with 131 per cent.</p>
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		<title>Sask Imports Down; NS Biomass; NL Helps Diesel Gens; Solar Windows</title>
		<link>http://www.chaseenergy.com/2012/05/10/sask-imports-down-ns-biomass-nl-helps-diesel-gens-solar-windows/</link>
		<comments>http://www.chaseenergy.com/2012/05/10/sask-imports-down-ns-biomass-nl-helps-diesel-gens-solar-windows/#comments</comments>
		<pubDate>Thu, 10 May 2012 12:44:35 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4426</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/10/sask-imports-down-ns-biomass-nl-helps-diesel-gens-solar-windows/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>There is no import capability from Saskatchewan from HE8 through HE16 today. Nova Scotia Power officials have announced a new milestone in the construction of a CAN$208 million biomass cogeneration plant. A steam turbine and generator used to produce electricity has arrived at the facility and NSP is confident it will generate about 60 MW [...]]]></description>
			<content:encoded><![CDATA[<p>There is no import capability from Saskatchewan from HE8 through HE16 today.</p>
<p>Nova Scotia Power officials have announced a new milestone in the construction of a CAN$208 million biomass cogeneration plant. A steam turbine and generator used to produce electricity has arrived at the facility and NSP is confident it will generate about 60 MW a year via burned biomass. The combined weight of the turbine and generator came in at 260 tonnes and was delivered on a special rail car that came from San Diego.</p>
<p>The Newfoundland and Labrador government is taking steps to get rural communities to reduce their electricity bills. Areas in the province that get electricity from diesel generators will soon receive free energy efficient products, including energy efficient light bulbs and low-flow shower heads. In all, there are 42 communities that have diesel generators.</p>
<p>Chicago&#8217;s Willis Tower (formerly the Sears Tower) is experimenting with solar windows, and if the pilot works out, they plan to scale to 2MW. Two windows on the skyscraper&#8217;s 56th floor were replaced with solar windows developed by Pythagoras Solar last year. Each generates 120 watts of electricity &#8211; about the same as a typical solar cell on a roof. The technology simply sandwiches a solar cell between two panes of glass, and a reflective prism directs sunlight onto the solar cell while also letting daylight through. Energy harnessed by the transparent solar windows reduces heat gain, and therefore cooling costs as well as generating electricity. Another really interesting solar window technology being developed by New Energy Technologies and National Renewable Energy Lab can produce solar energy in both natural and artificial light. It can power indoor lights, appliances, and even the rotor blades on a small helicopter.</p>
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		<title>Daily Chart</title>
		<link>http://www.chaseenergy.com/2012/05/10/chart-weather/</link>
		<comments>http://www.chaseenergy.com/2012/05/10/chart-weather/#comments</comments>
		<pubDate>Thu, 10 May 2012 08:00:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Daily Chart & Weather]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=9</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/10/chart-weather/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/uploads/2012/05/zchart5-150x150.jpg" class="alignleft wp-post-image tfe" alt="" title="zchart" /></a>&#160;]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chaseenergy.com/wp-content/uploads/2012/05/zchart5.jpg"><img class="alignnone size-full wp-image-4429" title="zchart" src="http://www.chaseenergy.com/wp-content/uploads/2012/05/zchart5.jpg" alt="" width="443" height="371" /></a></p>
<p>&nbsp;</p>
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		<title>Nova Scotia Price Better Comparing “All In” Costs</title>
		<link>http://www.chaseenergy.com/2012/05/09/nova-scotia-price-better-comparing-%e2%80%9call-in%e2%80%9d-costs/</link>
		<comments>http://www.chaseenergy.com/2012/05/09/nova-scotia-price-better-comparing-%e2%80%9call-in%e2%80%9d-costs/#comments</comments>
		<pubDate>Wed, 09 May 2012 12:46:02 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4420</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/09/nova-scotia-price-better-comparing-%e2%80%9call-in%e2%80%9d-costs/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Nova Scotia’s electricity rates aren’t as bad compared to the rest of the country as opposition parties are making them out to be, Nova Scotia Power says. The energy company is taking exception to comparisons the Liberal and Conservative parties made Monday that were based on a National Energy Board report, which Nova Scotia Power [...]]]></description>
			<content:encoded><![CDATA[<p>Nova Scotia’s electricity rates aren’t as bad compared to the rest of the country as opposition parties are making them out to be, Nova Scotia Power says. The energy company is taking exception to comparisons the Liberal and Conservative parties made Monday that were based on a National Energy Board report, which Nova Scotia Power says includes generating costs but doesn’t account for transmission and distribution charges. “The data that was used out of the National Energy Board did not portray the full picture of cost,” Rene Gallant, vice-president of regulatory affairs. Gallant said “the best assessment” of electricity prices in Canada is an annual study by Hydro-Quebec, which compares electricity prices in 21 major North American cities. That study, based on April 1, 2011, data, found that residential customers in the Halifax region pay the fourth-highest electricity rates in Canada, compared to 12 other cities. Haligonians pay 13.62 cents per kilowatt hour, which is better than rates for similar customers in Regina, Charlottetown, Edmonton and Calgary. Bill Marshall, a former president and CEO of New Brunswick System Operator, said the energy board paper is only based on energy rates, which vary widely from province to province. Marshall, who has done consulting for Emera Inc., Nova Scotia Power’s parent company, said the energy board’s data, when calculated differently, gives residential customers in Nova Scotia a rate of 13.81 cents per kilowatt hour, including all costs and based on 1,000 kilowatt hours of usage just above Saskatchewan, at 13.79 cents and less than Prince Edward Island, at 14.51. Nova Scotia fares better because its monthly fixed charge, plus fuel and conservative surcharges, are lower.</p>
<p>Nova Scotia Power today applied to the Nova Scotia Utility and Review Board for approval of a Rate Stabilization Plan requesting rate increases of 3% per year for the next two years.</p>
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		<title>BC Hydro Smart Meters Safe; NS Pays most in Canada</title>
		<link>http://www.chaseenergy.com/2012/05/08/bc-hydro-smart-meters-safe-ns-pays-most-in-canada/</link>
		<comments>http://www.chaseenergy.com/2012/05/08/bc-hydro-smart-meters-safe-ns-pays-most-in-canada/#comments</comments>
		<pubDate>Tue, 08 May 2012 12:43:26 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4414</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/08/bc-hydro-smart-meters-safe-ns-pays-most-in-canada/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>B.C. Hydro&#8217;s new smart meters will create a more modern electricity system that will benefit British Columbians through faster power restoration when there&#8217;s an outage and new tools to help you manage your energy use to save money. The old analog meters are becoming obsolete and need an upgrade in order to continue delivering safe, [...]]]></description>
			<content:encoded><![CDATA[<p>B.C. Hydro&#8217;s new smart meters will create a more modern electricity system that will benefit British Columbians through faster power restoration when there&#8217;s an outage and new tools to help you manage your energy use to save money. The old analog meters are becoming obsolete and need an upgrade in order to continue delivering safe, reliable power. So far, more than 1.1 million new meters have been exchanged with very few problems. Offering an option to &#8220;opt-out&#8221; would transfer costs to all B.C. Hydro customers who have a new meter. That&#8217;s why we are working with customers to understand and address their concerns: the meters are safe and secure; they can&#8217;t tell what appliances you are using or when; as we have always done, we continue to protect our customers&#8217; privacy. We will also present customers with options such as having the meter moved to a different location on the property.</p>
<p>The provincial opposition is up in arms over a new report that finds that Nova Scotians pay even more for their electricity than people in the Yukon do—and more than all the other Canadian provinces. The data from the National Energy Board, dated April 16, found that Nova Scotians pay more than 12.6 cents per kilowatt hour, “but for the most part all provinces west of Nova Scotia have rates in the range of six to 10 cents per kilowatt hour,” according to the Chronicle-Herald. One consumer advocate wants to see the government strip Nova Scotia Power of its 9.2 percent guaranteed rate of return. Meanwhile, the premier says the cost is high because previous governments made no effort to invest in infrastructure for renewable energy, and now the high price of coal and the cost of switching to renewable sources is crunching us.</p>
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		<title>Canada Nuclear Industry at Risk; Candu Energy Design Approved</title>
		<link>http://www.chaseenergy.com/2012/05/07/canada-nuclear-industry-at-risk-candu-energy-design-approved/</link>
		<comments>http://www.chaseenergy.com/2012/05/07/canada-nuclear-industry-at-risk-candu-energy-design-approved/#comments</comments>
		<pubDate>Mon, 07 May 2012 12:42:47 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4408</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/07/canada-nuclear-industry-at-risk-candu-energy-design-approved/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Sundance#4 went offline from 21:20 Friday until 12:08 Sunday. The union representing 870 scientists, engineers and technologists at SNC Lavalin Group Inc’s nuclear reactor division has voted 94 percent in favor of a strike mandate, the latest challenge for the hard-hit Canadian construction and engineering company. SNC, which acquired Candu Energy from the Canadian government [...]]]></description>
			<content:encoded><![CDATA[<p>Sundance#4 went offline from 21:20 Friday until 12:08 Sunday.</p>
<p>The union representing 870 scientists, engineers and technologists at SNC Lavalin Group Inc’s nuclear reactor division has voted 94 percent in favor of a strike mandate, the latest challenge for the hard-hit Canadian construction and engineering company. SNC, which acquired Candu Energy from the Canadian government last year for C$15 million plus royalties, is currently caught up in allegations of bribery and improper payments that are now being investigated by police. The Society of Professional Engineers and Associates said on Friday that it can call a strike after giving 72 hours notice and could be in position to walk off the job as soon as May 7 &#8211; they have been without a contract since Dec. 31, 2010.</p>
<p>The Canadian Nuclear Safety Commission has completed Phase 2 of a Pre-Project Design Review of Candu Energy Inc.&#8217;s Enhanced CANDU 6<sup>®</sup> reactor. The CNSC has concluded that there are no fundamental barriers to licensing the EC6 design in Canada. The objective of a Pre-Project Design Review is to verify, at a high level, the acceptability of a nuclear power plant design with respect to Canadian regulatory requirements and expectations. In Phase 2, the focus was on identifying any potential fundamental barriers to licensing the EC6 design in Canada&#8230;Northland Power Inc. and Aecon Group Inc. said Miwel Construction Ltd., Aecon’s wholly-owned subsidiary, has been awarded a contract to construct six 10MW solar photovoltaic generation projects in Ontario. Each of the six projects will be constructed on about 85 acres of land, and will consist of over 40,000 PV solar modules mounted on fixed structural supports. The projects will sell the electricity under Ontario’s renewable energy Feed-in-Tariff (FIT) program and will use Ontario-made equipment and local Ontario labor.</p>
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		<title>HR Milner Offline; U of Montreal Suggests Provinces need to Cooperate</title>
		<link>http://www.chaseenergy.com/2012/05/04/hr-milner-offline-u-of-montreal-suggests-provinces-need-to-cooperate/</link>
		<comments>http://www.chaseenergy.com/2012/05/04/hr-milner-offline-u-of-montreal-suggests-provinces-need-to-cooperate/#comments</comments>
		<pubDate>Fri, 04 May 2012 12:41:02 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4402</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/04/hr-milner-offline-u-of-montreal-suggests-provinces-need-to-cooperate/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>HR Milner went offline at 23:57 yesterday. Sheerness #1&#38;#2 continue to run at just over 50%. The Merit Order today has the highest volume of MW offered between $200 and $900 so far this year. The Canadian electricity market is being held back by a dearth of political co-operation and a lack of integration between [...]]]></description>
			<content:encoded><![CDATA[<p>HR Milner went offline at 23:57 yesterday. Sheerness #1&amp;#2 continue to run at just over 50%. The Merit Order today has the highest volume of MW offered between $200 and $900 so far this year.</p>
<p>The Canadian electricity market is being held back by a dearth of political co-operation and a lack of integration between provincial markets, which is preventing efficiency in generation and supply, as well as slowing the development of low-carbon electricity, finds a recent study by the University of Montreal. Under Canada’s constitution, the development of natural resources, including electricity, falls under the responsibility of each province. Electricity in Canadian markets can be divided into the hydroelectric provinces – Newfoundland and Labrador, British Columbia, Manitoba and Quebec – and the other six provinces that have a more mixed-fuel base. The provinces retain control over the electricity market, except in Alberta and Ontario, where the markets have been deregulated. Under the current market structure, hydro provinces sell their electricity at regulated prices within their domestic market and then sell the excess to external markets, typically through south-directed interconnectors to markets in the United States (New York, Midwest, PJM markets). With no market-priced competition in these domestic markets, it has caused widely differing pricing across the country and less energy efficiency by consumers.</p>
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		<title>Manitoba Hydro Considering Turning Excess Power into Compressed Hydrogen</title>
		<link>http://www.chaseenergy.com/2012/05/03/manitoba-hydro-considering-turning-excess-power-into-compressed-hydrogen/</link>
		<comments>http://www.chaseenergy.com/2012/05/03/manitoba-hydro-considering-turning-excess-power-into-compressed-hydrogen/#comments</comments>
		<pubDate>Thu, 03 May 2012 12:35:29 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4397</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/03/manitoba-hydro-considering-turning-excess-power-into-compressed-hydrogen/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Manitoba has surplus electrical energy, especially overnight. Hydrogen can be made from water: just add electricity. Manitoba&#8217;s surplus electricity is dumped (to the U.S.) for about 3.5 cents per kilowatt hour. This electricity could be used during off-peak periods to electrolyze water into hydrogen and oxygen. The hydrogen could be compressed and stored for use [...]]]></description>
			<content:encoded><![CDATA[<p>Manitoba has surplus electrical energy, especially overnight. Hydrogen can be made from water: just add electricity. Manitoba&#8217;s surplus electricity is dumped (to the U.S.) for about 3.5 cents per kilowatt hour. This electricity could be used during off-peak periods to electrolyze water into hydrogen and oxygen. The hydrogen could be compressed and stored for use in tractors, trucks and combines. New Holland has an operational 106-horsepower tractor, and is working on a larger one with greater hours of use per tank of fuel. Internal combustion engines can be modified to burn hydrogen, and fuel cells, using hydrogen as a fuel, are getting more robust, more efficient and coming down in price. Unlike electricity, hydrogen-powered equipment produces full power right up until the fuel supply is exhausted. All the pieces of the puzzle exist. What&#8217;s needed is an operating model to produce hydrogen from water, compress and store it in practical containers and a means to transfer it to tractors and other equipment. Manitoba Hydro is also subsidizing inefficient wind generation. Why not sell the surplus electrical power for hydrogen production and reallocate the wind subsidies to plants designed to electrolyze water into hydrogen? Less carbon dioxide would be emitted due to the clean energy used by local farms (tractors, combines and trucks) and from significant reductions in motorized transportation of fuel to farms and rural areas. Manitoba farmers use about 10 liters of diesel fuel per acre for seeding, fertilizing, spraying, harvesting and hauling grain or seed to market. With some 13 million acres of cultivated land in production, more than 130 million liters of diesel fuel is needed annually. Replacing it with an equivalent amount of hydrogen for the same price or less would cut carbon dioxide emissions (2.64 kg/l) within the province by 343,200 tonnes, a significant benefit.</p>
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		<title>West Fraser Orders 13MW Biomass; Mercer Claim to NAFTA for Celgar</title>
		<link>http://www.chaseenergy.com/2012/05/02/west-fraser-orders-13mw-biomass-mercer-claim-to-nafta-for-celgar/</link>
		<comments>http://www.chaseenergy.com/2012/05/02/west-fraser-orders-13mw-biomass-mercer-claim-to-nafta-for-celgar/#comments</comments>
		<pubDate>Wed, 02 May 2012 12:50:53 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4391</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/02/west-fraser-orders-13mw-biomass-mercer-claim-to-nafta-for-celgar/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Pratt &#38; Whitney Power Systems has been awarded a contract to deliver a 13 MW biomass heat recovery power plant for West Fraser Timber Company in British Columbia. The state-of-the-art power plant will provide clean, carbon-neutral power to the company&#8217;s Chetwynd Forest Industries plant utilizing two Turboden 65 HRS Organic Rankine Cycle turbogenerators. The installation [...]]]></description>
			<content:encoded><![CDATA[<p>Pratt &amp; Whitney Power Systems has been awarded a contract to deliver a 13 MW biomass heat recovery power plant for West Fraser Timber Company in British Columbia. The state-of-the-art power plant will provide clean, carbon-neutral power to the company&#8217;s Chetwynd Forest Industries plant utilizing two Turboden 65 HRS Organic Rankine Cycle turbogenerators. The installation of the ORC unit at West Fraser&#8217;s Chetwynd facility is a part of efforts to improve operational efficiency. West Fraser was selected by BC Hydro under the BC Hydro Bioenergy Phase II Call for Power program for two of their sites totaling 180 GWh/year from wood biomass. Through this program, BC Hydro awarded 20-year electricity purchase agreements to West Fraser. Organic Rankine Cycle technology utilizes heat from several sources including biomass, geothermal, concentrated solar power, and by recovering heat from industrial processes, engines and gas turbines. The technology is unique in that it uses an organic fluid instead of steam to drive a turbo-generator, which can range in nominal output from about 1 to 10 MW and up for a single ORC module.</p>
<p>Pulp Company Mercer International has filed a $250 million claim against Canada under the North American Free Trade Agreement claiming it is being placed at a competitive disadvantage by BC Hydro. Mercer, who owns the Celgar pulp mill at Castlegar, claims that as a result of intervention by Hydro, it is not able to reap the same benefits for producing green energy as its competitors in the B.C. pulp sector. What makes Celgar different from other mills, however, is that it operates in an area of the province where FortisBC is the initial provider of energy to the mill, rather than BC Hydro. Celgar and Fortis signed a contract in 2008 under which Celgar would buy power from Fortis at a so-called “heritage rate,” which is based on the cost to produce electricity from older and less expensive hydroelectric facilities. Celgar was then free to sell all its green energy at a higher rate to Hydro. Hydro had that contract blocked forcing Celgar to use its green energy internally in the mill before it could sell any at the higher rate.</p>
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		<title>Ontario Power Rates Increase Tomorrow</title>
		<link>http://www.chaseenergy.com/2012/05/01/ontario-power-rates-increase-tomorrow/</link>
		<comments>http://www.chaseenergy.com/2012/05/01/ontario-power-rates-increase-tomorrow/#comments</comments>
		<pubDate>Tue, 01 May 2012 12:27:31 +0000</pubDate>
		<dc:creator>bhesson</dc:creator>
				<category><![CDATA[NEWS]]></category>

		<guid isPermaLink="false">http://www.chaseenergy.com/?p=4387</guid>
		<description><![CDATA[<a href="http://www.chaseenergy.com/2012/05/01/ontario-power-rates-increase-tomorrow/"><img align="left" hspace="5" width="150" height="150" src="http://www.chaseenergy.com/wp-content/plugins/thumbnail-for-excerpts/tfe_no_thumb.png" class="alignleft wp-post-image tfe" alt="" title="" /></a>Ontario residents will start paying more for electricity starting Tuesday. The Ontario Energy Board, which reviews the rates twice a year, said prices are changing as coal-fired generation declines and is replaced with natural gas, nuclear and renewable energy. But critics say the governing Liberals&#8217; expensive foray into wind and solar power is the main [...]]]></description>
			<content:encoded><![CDATA[<p>Ontario residents will start paying more for electricity starting Tuesday. The Ontario Energy Board, which reviews the rates twice a year, said prices are changing as coal-fired generation declines and is replaced with natural gas, nuclear and renewable energy. But critics say the governing Liberals&#8217; expensive foray into wind and solar power is the main culprit behind higher hydro rates. Ontario pays up to 80.2 cents a kilowatt hour for small rooftop solar power and 13.5 cents per kWh for wind power. Ontario Power Generation, the government-owned utility, is paid 5.6 cents a kWh for nuclear power and between two cents and 3.5 cents per kWh for power from its hydro-electric facilities. Residential consumers pay between 6.2 cents and 10.8 cents a kWh. Consumers who are still paying for Ontario&#8217;s last nuclear build will see prices go up again when the government moves ahead with its $26-billion plan to refurbish its aging nuclear fleet. A new study out of Canada’s Fraser Institute shows the big price tag that can accompany a little renewable energy. Contracts for over 140 TW/h of electricity from renewable energy sources had been agreed to under the Ontario program, at a total cost of $28.4 billion (nominal dollars)—implying a weighted average electricity price of 20.31 ¢/kW-h. If the same amount of electricity had been contracted for at a rate of 7.3 ¢/kW-h (the average competitive residential rate as of December (2010), the price tag for the 140 TW-hs of electricity would have been approximately $10.2 billion. This implies that Ontario energy users could be burdened with an extra cost of at least $18 billion over the next 20 years. We estimate that residential electricity customers alone will be faced with an average annual increase in their electricity bill of $285 million (nominal dollars). Results from a Statistics Canada Input-Output (I/O) Model simulation indicate that a drop in discretionary personal spending of that magnitude could lead to a loss of close to 41,000 full time equivalent jobs across the country over a 20-year period.</p>
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