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Canadian Investing / Canada (General)


Subject:  Re: Electricity question? Date:  1/23/2013  4:21 PM
Author:  DrtThrwingMonkey Number:  63238 of 64723

I didn't think that Quebec was that close to capacity, but peaked my curiousity when I read that article. If it can all be produced by hydro, doesn't seem like crazy idea at all. Some people in Sask even use electricity, that seems crazy to me, but they insist the low initial cost of the furnace-boiler makes up for the extra cost.

Your interest is right to be piqued, it is certainly surprising that a province so generously endowed with a natural resource would be running short!

As a society, it is crazy for us to use electricity to heat, when gas is available, no matter where the electricity comes from. But as a consumer, it is not so crazy. If you do the math and it comes out cheaper to heat with electricity (that is my situation in Eastern Quebec), then you are in a conundrum. To save money, you would do like I just did, and buy an electric furnace (although most of my heating gets done by burning firewood separately). To save the planet, you pay a bit more and buy propane or heating oil, get accused by your irrational tree-hugging friends of adding CO2 to the environment, and save the electricity for Ontarians who want to close their coal-fired plants. Tough choice!

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