The Electricity MarketWind Energy in CanadaWind power capacity has increased an average of 38% year over year since 2000, and today powers over 315,000 Canadian homes. Total national installed wind power capacity has topped 1,000MW (megawatts), with 500MW installed in 2006 alone. Plentiful wind resources across the country represent potential for economically viable wind power projects for the future. For detailed information about wind power in Canada, see the Canadian Wind Energy Association (CanWEA) website. For current news in the global wind industry, check the World Wind Energy Association.For current news about wind power, check out our Wind Industry News section. The Electricity Market in OntarioThe provincial government is in the process of restructuring Ontario's electricity sector to ensure adequate electricity supply and stable prices. The plan includes a commitment to provide five per cent (1,350 MW) of generating capacity through renewable sources by 2007, and 10 per cent by 2010. The Ontario Energy Board regulates electricity prices for residential and other low-volume consumers, a group that collectively accounts for just over half of the Ontario energy market. These consumers are currently paying a subsidized rate of 5.8 cents per kilowatt hour (kWh) for the first 600 kWh used monthly, and 6.7¢/kWh for electricity used over this amount in a month. Large-usage customers pay market rates for their electricity usage.
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Economic Snapshot
The Lakewind Power Project has a 12 year payback period, with a strong estimated IRR of over 7%; perfect for a high-yield long-term social investor.
 The final rules of the OPA's Standard Offer Program were announced November 8th. The program has the potential to help small wind like our new Lakewind Power Project.
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