Here`s the deal friends, IPPBC (which Plutonic power is a member of) power wants to buy BC Hydro`s surplus power for dirt cheap, well how can that be, how on earth could we sell our BC Hydro surplus power for dirt cheap to Plutonic power and other IPPs, and at the same time buy their intermittent run of river power for double or even triple the going electrical spot market rate?
How indeed, it doesn`t make sense, or does it! Here is what I think is happening or at least what the Plutonic private power and the other IPPs wants to happen, at this present time there is excess power available on the west coast, so how can Plutonic power and the other IPPs drive up the price, California isn`t going to pay the Plutonic power price or any IPP price for electricity if there is "other power" available, for instance BC Hydro`s surplus power, why would California buy expensive power with other cheap power available? They wouldn`t buy it.....
But,for argument sake let`s say that that Plutonic power and other IPPs "Owned all the BC Hydro surplus power" ...What would happen then? California would have to buy power from Plutonic or the other IPPs,they wouldn`t be able to buy from BC Hydro..
That`s what I think is going on here, Plutonic and other IPPs firm up their soft power supply and owns all the excess power thus forcing the spot market power price upwards,or will it? But what is in it for BC? Nothing, we sell our excess BC Hydro power to Plutonic power for the dirt cheap industrial rate(which is what they want) .....This doesn`t make sense,how would we separate out who`s power was whose?
You see folks, everything that Rafe wrote about,everything that I and others wrote about is coming true, the Habitual Liar Gordon Campbell`s energy plan is a disaster, Plutonic Power and the other IPPs and Gordon Campbell are attempting to muddy the water, theoretically we would be buying our own BC Hydro surplus power back from Plutonic power and other IPPs at a higher price!
Does that make sense? This is nothing but a ponzi scheme designed to steal our BC Dollars, to rob our tax dollars,designed to make BC Hydro worthless,designed to fill Plutonic power`s coffers,It`s now quite apparent why the top traders at PowerX bailed and left,you see if BC Hydro has no power for sale there is nothing for those power trade experts to sell, the price would be guaranteed to Plutonic power and still likely mean massive power trading losses,because with the double and triple rate prices guaranteed to Plutonic power and the other IPPs there would be no negotiating, Gordon Campbell must be stopped,if ever one`s alarm bell should be ringing this is it, the final straw,the last hurrah from a government hell bent on destroying BC.(read about the top Powerx traders quiting here)http://www.kelowna.com/2010/01/23/top-powerex-traders-jump-to-u-s-rival/
It also means that BC Hydro would have no power for future needs of British Columbians, it would effectively put BC Hydro out of the power selling business, BC Hydro has made BC billions of dollars over the last 10 years,that would be gone,essentially BC Hydro would be caput,our domestic rates would rise exponentially to service the guaranteed prices to Plutonic power and other IPPs, our heritage power,WAC Bennett`s vision would be gone,BC Hydro would be but a shell of it`s former self!
And there is one more scenario to consider,let`s suppose the Spot Electrical market did skyrocket, any chance of British Columbia and BC Hydro to make a healthy profit would be gone,essentially BC Hydro would have no ability to make the big bucks,the BC Hydro surplus power wouldn`t be ours! I don`t expect electric prices to skyrocket but if they did, well, Que Sera Sera.
Someone needs to look into this proposal and squash it immediately.(read about it here)Island Tides reported the request from IPPBC to buy BC Hydro surplus power for dirt cheap,everything above is my take on the story.... Island Tides an honest newspaper that reports stories that are important to the people of BC........The story is on page 1 of their PDF and continued on page 3
The Straight Goods
Cheers-Eyes Wide Open