Tom Adams, Financial Post
Granting discounts to industry while spending on wind means chaos
With Ontario set for the highest electricity rates of any jurisdiction in North America by 2013, the McGuinty government is slapping another Band-Aid on the wounds of electricity consumers. Like so many of his previous Band-Aids, Premier Dalton McGuinty’s new quick fix will bring more long-term pain. On June 12, 2012, Energy Minister Chris Bentley announced the Industrial Electricity Incentive Program. The program would provide discounted long-term contracts to new and expanding large industrial operations, starting in January 2013.
Companies creating large new operations in Ontario are eligible for long-term contracts. The contracts are for up to 20 years at 5.5¢ per kilowatt hour — a rate that is 71% of rates paid by typical large industrials last year, as calculated by Bruce Sharp of Aegent Energy Advisors. Although most consumers have seen their rates rising about 10% per year since 2009 — a pace set to accelerate after 2013 with wind and solar expanding and nuclear about to shrink — the government is silent on the escalation, if any, for the new industrial discount. Read article
It’s “Lets make a McDeal” McGuinty. After all it’s not my money anyway.
These goofs in the government have forgotten who they work for…They’ve gone rogue, with no accountability to anyone but their own pocket..’ Something must be done about these guys, and soon..
What a mess. And the average Joe’s and Jolene’s of Ontario are expected to just keep on paying, paying, paying, paying, paying,paying, paying, paying, paying, paying, paying, paying,paying, paying, paying, paying, paying, paying, paying,paying, paying, paying, paying, paying, paying, paying,paying, paying, paying, paying, paying, paying, paying,paying, paying… I guess by now you get what I am saying.
Rural Ontarians are going to have to take action themselves. This what has been the case so far and will continue to be the case.
A good place to start in with the already approved and running IWT projects. All the proper REAs were supposed to have been done and any other needed approvals are said to have been correctly completed. Look for any flaws, anything missing, etc. Look for anything that is wrong in the paper work. List and note where where these items are. Note who did the work, who signed off on this, etc.
When looking for corruption this is where to begin.