WattsWorth monitors the energy market and provides their clients with the latest news and information. Below is a sample newsletter.
Monthly Newsletter: March 2020 Edition
Usage and Price Analysis
The weighted average Hourly Ontario Energy Price (HOEP) for March 2020 decreased to $13.93/MWh. The Off-Peak weighted average increased to $11.93/MWh. Month over month values for consumption has decreased 2.23%. The supply mix saw a decrease in nuclear generation and an increase in hydro generation.
OPEC deal to cut production not enough to offset even greater plunge in demand for fuel. The most current futures contract for West Texas Intermediate fell by $8 US a barrel on Apr. 20th, going as low as $10.10 US in a plunge of more than 40 per cent. Read the article here.
The Ontario Energy Board announced Tuesday, April 14, 2020 that it will defer setting new electricity prices for households and small businesses under the Regulated Price Plan. Read more here.
In Seychelles, French developer Qair, has been selected to develop the largest floating solar power plant to be installed on saltwater in the world. Read more here.
The graph above displays the electricity output for the various types of electricity generators against the Hourly Ontario Energy Price (HOEP).
The graph above shows the utilization of each generator type for the month. Please note that the IESO specifically does not post wind’s generation capability at this point in time. Thus, the graph shows forecast vs. actual generation exclusively for wind, as made available by the IESO.
The chart above shows the last month’s generation mix in Ontario.
Cost of Electricity
The graph above shows the changes in cost of electricity in Ontario.
Average Hourly Ontario Energy Price (HOEP) and Ontario Demand
The graph above shows last month’s average HOEP and Ontario demand on an hourly basis.
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