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05 Apr 08
David PatriquinWe noticed this ongoing discussion and wanted to provide some information about Bullfrog Power to address some of the concerns that have been raised. Bullfrog Power is actively increasing the supply of renewable electricity in Ontario with the support of
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We noticed this ongoing discussion and wanted to provide some information about Bullfrog Power to address some of the concerns that have been raised.
Bullfrog Power is actively increasing the supply of renewable electricity in Ontario with the support of its customers. We accomplish this in several ways:
1. Bullfrog Power is directly increasing the supply of renewable electricity in the province, above and beyond the actions of the government. The power that we are bringing online is incremental to the quota the provincial government has set for renewables on the grid by 2010. Bullfrog Power does this in two ways:
- first, it invests in generators to help them build new renewable generation. Without this investment, the generation would not be built. For instance, two new wind turbines were commissioned in the fall of 2006 at the Sky Generation wind farm site on the Bruce Peninsula to service Bullfrog Power customer demand. In early 2007, in partnership with Schneider Power, Bullfrog announced the commissioning of two more new turbines on Manitoulin Island. In the words of Glen Estill, the principal of Sky Generation, at our launch “Our contract with Bullfrog Power allows us to increase our capacity and bring more green power onto the Ontario grid.”
- second, we enter into long-term Power Purchase Agreements with generators for new projects, like Sky Generation’s project. These PPAs give the generators a stable revenue stream and allows them to raise financing that makes new project development viable.
2. Bullfrog is also indirectly increasing the supply of renewables in the province. Bullfrog Power pays its suppliers a premium over the price for regular electricity, which provides them a reasonable return on equity, allowing and incenting them and other developers to build more renewable projects.
3. Bullfrog Power educates the public about renewable electricity and the electricity market in general. One of the very significant challenges in moving forward energy policy in the province is the state of awar-
We noticed this ongoing discussion and wanted to provide some information about Bullfrog Power to address some of the concerns that have been raised.
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