Bruce Power is Ontario’s low-cost generator - Canadian Nuclear Association

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Bruce Power is Ontario’s low-cost generator

February 1, 2019

We power more for less.

We provide families and businesses with 30 per cent of their electricity, while receiving only 6.6 cents per kilowatt-hour (kWh).

That’s nearly five cents less than the average price of power in the province in 2017 (11.5 cents/kWh). Source: Ontario Energy Board annual report.

That means, for every kilowatt of emissions-free electricity generated by Bruce Power, the people and business owners of Ontario are paying less for power than they would with almost any other source of energy. As the below chart shows, only hydroelectric power costs the people and businesses of Ontario less than Bruce Power nuclear, while other sources of power are considerably more expensive.

Residential cost of power (11.5 cents/kWh)

Bruce Power nuclear (6.6 cents/kWh)

Combined Ontario nuclear (6.9 cents/kWh)

Gas (20.5 cents/kWh)

Wind (17.3 cents/kWh)

Solar (48 cents/kWh)

Hydro (5.8 cents/kWh)

While there are many components that make up an electricity bill, including distribution and transmission charges, if you received 100 per cent of your electricity from Bruce Power, this portion of your bill would be at least 30 per cent less.

That’s powering more for less.

Bruce Power sells all of its electricity under a controlled contract with Ontario’s Independent Electricity System Operator (IESO). As outlined, in 2017, this cost was 6.6 cents per kW/h and this covers all investment the company has made in the site, as well as the funding of all long-term liabilities as required in the company’s lease with the province.

Bruce Power and the IESO entered into a long-term agreement in 2015 to extend the life of the Bruce Power site to 2064 through the life-extension of six units. The Life-Extension Program, which began on Jan. 1, 2016, remains on time and on budget, and will allow the province to maintain a low-carbon, low-cost electricity sector by maintaining nuclear as its baseload energy provider for decades.

The Life-Extension Program, which has twice been named Canada’s Number 1 Infrastructure Project, will create and sustain 22,000 jobs, directly and indirectly, annually, while injecting $4 billion into Ontario’s economy every year through 2064.

We will do all this while presenting zero risk to ratepayers, because all investments in the site will be met by our private-sector owners, including any potential cost over-runs.

Bruce Power provides the people and businesses of the province with price stability and no risk of cost over-runs, while generating no carbon emissions.

Disclaimer:

This story was provided by Bruce Power for commercial purposes.