Answering your questions about wind energy

Affordable Power

Wind energy is an affordable source of new electricity – costs are declining while efficiency is increasing.

Facts

  • Wind energy has successfully moved from a marginal alternative to among the lowest cost options for new electricity generation. Wind energy is now more cost-competitive than new coal, hydro and nuclear power. A 2015 report from the US investment firm Lazard found that wind energy is the lowest cost option for any new supply without any subsidies.
  • The fuel that turns the turbine blades is free; this means that once a wind farm is built, the price of electricity it produces is set and remains at that level for the entire life of the wind farm.
  • Traditional sources of energy are open to extreme price volatility, so the long-term cost-certainty and stabilizing effect of electricity rates from wind farms provide important protection for consumers.
  • The cost to build wind energy continues to decline, with dramatic drops over the past three years while significant efficiency gains are being realized in modern technology and siting.
  • Wind projects have very short construction periods and can be deployed quickly with positive impacts delivered to local communities.

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Amazing facts about the affordability of wind energy

Facts About Affordability Wind Energy

  • There is an urgent need to invest in new electricity generation and infrastructure after decades of underinvestment. According to the Conference Board of Canada, $347 billion in investment in Canada’s electricity system is required between now and 2030 – and all of these costs will be passed on to consumers.
  • According to the Ontario Energy Board, 45 per cent of the increase in Ontario's global adjustment since 2006 is due to nuclear power, while only 6 per cent of the increase is due to renewable energy
  • Wind energy is now the lowest-cost option for new electricity supply in most Canadian provinces. For example, contracts awarded in Hydro-Quebec’s most recent request for wind proposals, set a new low average price for wind in Canada of 6.3¢/kWh

Resources


Questions? We'll Answer

How many wind turbines are currently planned for installation in Ontario?
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How does a person find out whether they can help by getting wind turbines on their land, and what the criteria is?
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Is the coast of wind power competitive with Conuntional power plants
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What is the cost of wind power, including capital and operating costs, for PEI? Thank you
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How much profit come from the economy? GDP/GNP over the years? (last 10 years)
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How is the resource harvested?
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