Thursday, March 7, 2013

Ontario Electricity Global Adjustment Watch: March 2013 Estimate

The global adjustment estimate for March 2013 is out on the IESO website. Curiously they're only predicting a value of 4.37 cents per kilowatt hour. That's strange because last year, the value for March was 6.23 and the highest for 2012. Also interesting is the estimate for January was 3.77 but the actual value ended up significantly higher at 5 cents.

Perhaps March is predicted as colder than usual so electricity demand from heating will be up and perhaps less windy and less sunny so expensive wind and solar production is down. March is usually a windy month, so it will be interesting to see if the IESO is right or colossally wrong.

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