Nuclear Provides 62% of Ontario’s Electricity
February 10, 2015
Nuclear power generated 62 per cent of Ontario’s electricity for the year of 2014, recently released data shows.
The Independent Electrical System Operator (IESO) bought 94.9 terawatt hours of electricity from nuclear generators in 2014. That’s 62 percent of electricity delivered through Ontario’s grid, up from 59 per cent in 2013.
Better yet – the nuclear power industry delivered all this electricity at roughly six cents per kilowatt-hour. That’s well below the average price paid by Ontario consumers of 8.5 cents.
In just six years, nuclear has increased to 63 per cent from 53 per cent in 2008, according to the IESO.
This confirms the wisdom of Ontario’s strategic investment in nuclear energy and shows its enduring benefits.
Nuclear power continues to provide Ontario with safe, reliable, and carbon-free electricity at a price well below the rates set in Ontario’s regulated-price plan. The province’s nuclear electricity providers – Ontario Power Generation Inc. and Bruce Power – received approximately six cents per kilowatt hour in 2014.
In addition to affordable electricity, the nuclear industry provided significant economic benefits to Ontario through thousands of durable, high-paying jobs. According to Canada’s Manufacturers and Exporters, the nuclear industry employs about 60,000 people directly and in its supply chains.
Rejuvenating ten of Ontario’s 18 nuclear reactors would add thousands more jobs between 2016 and 2031.
