TIVERTON, ON, Sept. 12, 2016 /CNW/ – Clean electricity from Bruce Power continues to be one of the lowest cost sources of power for Ontario families and businesses. To date this year, Bruce Power provided 30 per cent of Ontario’s electricity at 30 per cent less than the average residential price of power.
“By reliably supplying almost a third of Ontario’s power, we are providing businesses and families with a low-cost source of electricity that also helps keep the air clean,” said Richard Horrobin, Bruce Power’s Vice President, Commercial Services. “The thousands of Ontarians employed throughout the province connected to our operation are very proud of the role we play in safely and reliably powering Ontario and helping the province meet its climate change goals, while also being a source of low-cost power.”
The estimated prices paid to each energy source per megawatt hour (MWh) from Jan. 1-Aug. 31, 2016, includes solar, $424; natural gas, $213; wind, $122; Bruce Power nuclear, $66; and hydro, $48. This has led to an estimated average residential price for electricity of $110/MWh.
Bruce Power has also released a television commercial that provides tools for people to use so they can better understand their electricity bills. Watch the commercial here.
Aside from its financial benefits, Bruce Power also has a major, positive impact on Ontario’s economy, investing between $3 and $4 billion annually through direct and indirect spending on operational equipment, supplies, materials and labour income. The operation of the Bruce site also creates 18,000 direct and indirect jobs across Ontario each year.
“A healthy nuclear industry, including a strong Bruce Power, is of great benefit to the people of Ontario, whether it’s through the large amounts of low-cost electricity we provide or our positive economic impact,” Horrobin added.
About Bruce Power
Bruce Power operates the world’s largest operating nuclear generating facility and is the source of 30 per cent of Ontario’s electricity. The company’s site in Tiverton, Ontario, is home to eight CANDU reactors. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Trust Management (a division of the Ontario Municipal Employees Retirement System), TransCanada, the Power Workers’ Union and The Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.