A new study suggests boosting Quebec energy exports to Ontario would help both cash-strapped provinces.
The joint report was released today by environmental groups Equiterre and the Ontario Clean Air Alliance.
The study says the increase could earn Quebec about $12 billion over 20 years, while Ontario would save the same amount of cash over the same period by cutting down on its nuclear-energy production.
The groups say the provinces would benefit by setting a price of 5.7 cents per kWh – nearly double what Hydro-Quebec currently earns for its electricity exports.
The report says that price would be lower than the estimated 8.3 cents per kWh it would cost to generate electricity from a refurbished Darlington Nuclear station.
It also says no new infrastructure would be necessary because transmission lines between the two provinces already exist.