Stratford Gazette – I’ve read recently that Ontarians will face a 46 per cent increase in home electricity costs over the next five years and our MPP John Wilkinson has said “if we can hold on over the next few years …. there’s light at the end of the tunnel.”
The problem is that that light grows ever more costly. Even with a rebate of 10 per cent, there are too many that will not be able to “hold on.” Surely you know that. And who pays for this rebate? We do, the taxpayers of Ontario. Who will be repaying it? We will. Interesting economics.
For many of us, our present hydro bills show a cost of 6.5 cents per kilowatt hour. But our government has signed hundreds of contracts with renewable energy producers under a green feed-in tariff (FIT) program, which essentially forces consumers to pay 13.5 cents to 19 cents per kilowatt hour of wind power, and 80 cents per kilowatt hour of solar power, the higher costs to be averaged into the bills of all consumers across the province.
Many of these contracts are for 20 years. Many people are hurt, and in future will be even more hurt by these costs.
Ron Wood, Stratford