Enjoy Your Power Bill It's About To Increase
By Ben Meisner
Each time a new Hydro Electric power system comes on line you begin to wonder where the future lies in the industry.
The kind of generation that is being developed , for example a wind farm near Tumbler Ridge another in the Queen Charlotte Islands, small run of the river power developments and hog fuel generation all point to one thing. The price of power is going to rise dramatically.
That increase could be three to four times what we pay at present in the short run, more in the future as the demand for the power increases.
The market dictates are about to determine the price and the availability of hydro electric power.
The market for power south of the border is about to grow dramatically as Hybrid cars take over from fossil fuel as the main source to drive our automobiles and when that happens the price is about to no longer be reflected as a need by the average householder but rather a luxury in which the major producers will determine the price.
Power will become the gas of today driven by the best price that can be extracted from the consumer, and the private power producers can already see the long term investment turning into a windfall and the fact that the gas companies are also putting their money on the electric horse indicates that they also see a future in the Hydro electric business.
It was never intended to be this way , but somewhere along the road we shifted from trying to produce cheap power for the benefit of the residents of the province by using our vast rivers as that resource , to a made for profit business. The consumer in the next decade is about to find that the seeds that are being sown will return us a crop that we didn’t really want or expect.
I’m Meisner and that’s one man’s opinion.
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Their economic objectives have always been different from that of consumers and those of us up here who live and make a living in this cold cold climate.