August 18, 2017

Meltdown of Alberta's electrical system continues

Sheila Gunn ReidRebel Host | The Gunn Show

While the NDP are scurrying around worrying about who talks to what media outlet, the meltdown in Alberta's electricity system continues.  

The government now owns 25 per cent of all the power generated in the province.

When the NDP started trying to “green” Alberta's grid through a carbon tax and coal phase out, they rendered contracts between electricity generators and the retailers unprofitable.

That in turn triggered a clause that let money losing contracts revert to the government agency in charge, the Balancing Pool.

The Alberta government is borrowing $2.2 billion to cover these losses, caused by their meddling — with no plan to stop the losses.

But besides a death spiral, another problem has surfaced:

So many contracts have been turned back over to the Balancing Pool, that it (and by extension the provincial government) now owns one-quarter of all power generated in the province.

Investors, even green energy ones, are now skittish about investing in a marketplace where 25 per cent of the power is owned and backed by the taxpayer and ratepayers.

The result will be a further monopolization of the electricity system under the Alberta Government.

With the NDP’s bent towards everything being owned and controlled by the state, maybe this was their endgame all along.

Comments
You must be logged in to comment. Click here to log in.
commented 2017-08-21 20:57:44 -0400
Anything to increase government control, probably planned. Nobody could be that dumb!
commented 2017-08-19 10:47:32 -0400
This is the type of reporting we need to expose the Left for the destroyers they really are. Rebel is pretty much the only news outlet brave enough to go up against the MSM & the Left. Trouble is they are very, very powerful, they will lie, cheat, sway the low info voter into believing Rebel reporters are an anamoly, an “alt” something, an undesirable. Well SGR, you are one brave little woman. Soldier on, the truth needs to come out.
commented 2017-08-18 23:28:18 -0400
Soon us peasants will only be allowed so much power to consume while the socialist elites get no such restrictions.
commented 2017-08-18 23:27:16 -0400
Daniel they will get it when they only get a ration of power.
commented 2017-08-18 17:20:20 -0400
I told my friends before.

If people won’t listen to wiser heads, they’re going to have to learn from experience, a.k.a. SCHOOL OF HARD KNOCKS.

Except I think we’re now in the U. OF KICKS TO THE FAMILY JEWELS.
commented 2017-08-18 15:35:31 -0400
Shiela, don’t make fun of Lada. I had 5 of them, and they were tough, and cheap. Wish they still sold them. My 1st one cost $3500. Drovet 6 years and bought another. Very tough car, with great dealers.
commented 2017-08-18 15:33:59 -0400
Keep on them SHEILA , my family live there , I live there part time , even on the bc side of the big rocks , businesses are shutting down because of the dipperism in Alberta