Muskrat Falls markets go poof!
Newfoundland and Labrador was counting on being able to sell excess energy; now that doesn’t seem like such a sure thing
The electricity researcher figures rates in Newfoundland and Labrador, now at 12 cents per kilowatt hour, will hit upwards of 23 cents per kilowatt hour once Muskrat Falls comes online, and continue climbing for the next 50 years.
BY JAMES RISDON SALTWIRE NETWORK
MUSKRAT FALLS
There’s no one to buy most of the electricity Nalcor Energy’s Muskrat Falls project will produce, says independent electricity researcher and consultant Tom Adams.
“There’s overcapacity in Ontario, Quebec and in New England,” said Adams in an...
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