The city’s latest newsletter says it made record purchases of $1M in excess power this winter from Fortis. They forgot to mention they made over $2.5M in profit reselling it.
Let’s not forget this is clean green waterpower, the 250 per cent profit helps reduce your and my taxes.
This brings me back to the community solar garden. This has been going on for about three years, installed last winter but still not hooked up.
If it never gets hooked up we will be better off. Spring runoff has just begun to refill all B.C. hydro reservoirs. Water is now spilling over all dams and this will continue through September. Millions of kWh of clean green waterpower unused because all dams in the Pacific Northwest are spilling, and spot wholesale prices are always at giveaway prices. B.C. Hydro has bought some Nelson hydro, if they do they pay less than one cent per kWh. If you pretend the mayor’s feel-good solar garden power has value, from the consulting engineers report one years worth sold to B.C. Hydro would earn about $350.
Next time you pass by the dams and see all that water spilling over the top, it's all possible hydro power but not necessary. Those of you who put down their $500 non refundable a year or more ago will soon be getting your final bill. I will be expected to pay full retail for that phoney feel good power, when I could be buying cleaner, greener water power spilling over the dam.
Does this help you understand why this city is becoming more unaffordable every day? Thank you Mayor Kozak. The longer you take to hook up those solar panels, the less it will cost everyone.
Two more are planned.
Norm Yanke
Nelson