It’s a good thing someone is paying attention to what energy costs.

The province’s power-planning authority has shelved plans to procure 500 megawatts of power from new co-generation projects after a recent request for bids attracted only two participants, both of which were disqualified.

Officials at the Ontario Power Authority are blaming the poor showing on “an unfavourable economic climate” that made it too expensive to raise project capital, but some industry observers say the agency shares blame for setting the bar too high.

In predictable fashion, an industry shill and a so-called energy expert with a political science degree working for an environmental organization are upset with the OPA for attempting to procure electricity at a competitive rate. Bravo to the OPA for doing its job.