The "hidden accounting" that occurs within the Electrical system in the Province of Ontario presents an inaccurate "cost" of electrical power to the consumer. The "levelized cost" and "averaging" that is presented to consumers is not a true and accurate representation of the true and actual "all in" prices of power generation by fuel type. The Ministry of Energy, the Ontario Power Generation Corp., The Ontario Energy Board, The Independent Electricity System Operator, the Ontario Power Authority, the Ontario Electricity Financial Corporation and Hydro One consistently mis-represent the true and actual cost of electricity as billed to the consumer through "creative reporting" and seperations of all costs involved, in particular on the costs of Nuclear Power Generation.
The practices of averaging pricing, 'hiding' debt, discounting interest, not accounting for guaranteed power purchase agreement transfers to private generators such as Bruce Power for power not provided, not including the costs of retiring "stranded debt" for said Bruce Power facilities, not including the future remediation, decommissioning and waste disposal and storage costs and covering the costs of potential liability from nuclear accidents and so forth do not give the true and accurate price of Nuclear Power to the Province's taxpayers who are A) the consumers of this power and B) are responsible for paying the "hidden" costs.
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