PlanetNL38: Large Pent-Up Demand For Power in Labrador
An Alternative to Export With Greater
Profit
Ready for some eye-popping
news? NL Hydro has received more than enough requests in a
relatively short period, to not only sell out all Muskrat Falls energy but they
also have enough demand to sell all Churchill Falls energy if they had it
available. Yes, every watt generated would go just to meeting this
backlog of power requests and its all in Labrador – potentially nothing would
have to flow through Hydro-Quebec. If only this year was 2041!
This must be great news for rate
mitigation then? Not in the slightest really. You see,
all this demand is focused on solely the Labrador Interconnected System (LIS), home
to the cheapest utility rates in North America. Current rates are
set so low, Government would be unwise to allow the connection of any new
customer in the area. There is more money to be made selling the
power out of province.
How messed up is that?
