By Antonella Artuso, Toronto Sun
TORONTO — Ontario’s pursuit of wind power has driven up electricity prices, is killing jobs and might even lead to more smog, a new Fraser Institute report says. Ross McKitrick, author of Environmental and Economic Consequences of Ontario’s Green Energy Act (GEA), says the Ontario government’s electricity plan is now 10 times more costly than installing pollution-control equipment on existing coal plants — an option he argues would have produced similar improvements in air quality. His analysis of the GEA concludes the province is well on its way to having some of the highest electricity prices in North America.
“Already, the GEA has caused major price increases for large energy consumers and we’re anticipating additional hikes of 40% to 50% over the next few years,” McKitrick said in a statement. “Provincial efforts to shield these industries through energy subsidy programs only transfer the costs onto Ontario taxpayers who are already dealing with skyrocketing residential electricity prices. “Overall, GEA-related energy cost increases will yield a net loss of investment and employment in Ontario, in pursuit of environmental benefits that could have been obtained at a fraction of the cost,” he said. Read article