The FIT program has been designed to enable private investment by artificially raising prices paid for electricity. These artificial prices are then passed to the consumer who has no option or recourse but to pay or lose service.
In the meantime, average wholesale prices for electricity have steadily declined. The IESO reports that monthly average prices have declined since 2008 from $0.0517 per kwh to $0.0294 per kwh 3.
The demand decrease, coupled with the price decreases, causes our exported electricity to be sold at a loss. Again, the consumer pays. This burden will only increase as we add artificially high “green energy” projects to the system.