At the end of our last blog post we noted that the 20 year $1.4-billion Boundary Dam CCS project is an even worse deal for ratepayers because the same amount of electricity, that is being generated for the project by coal, could be generated at a much lower cost using wind turbines. We said we'd provide the data to support that statement and here it is.
Our analysis shows that, over the 20 year life of the Boundary Dam carbon capture project, wind energy could generate the same amount of electricity as the coal-fired power station at Boundary Dam while saving ratepayers a total of $301-million.
Our analysis does not consider that coal will have to pay carbon charges, even though carbon charging is likely to be introduced in the next few years. We also do not include the substantial health costs associated with burning coal.