Toronto Sun, Bob Runciman
Ask any provincial politician and he’ll tell you one of the biggest complaints he gets is the increasingly unaffordable cost of electricity in Ontario. It’s killing the province’s economy and will only get worse.
Factoring in the 3.4% hike imposed Nov. 1, the cost of on-peak electricity has skyrocketed 77% since smart meters were imposed in 2010. So don’t be surprised if those Christmas light displays are a little less bright this year. Another 10% increase kicks in Jan. 1, with massive increases to follow for the foreseeable future.
It’s been clear for some time — the past two provincial auditors have confirmed it — that government policy is responsible, with much of the blame going to the disastrous Green Energy Act. Yet the madness initiated under Dalton McGuinty is being continued under Kathleen Wynne. If anything, she’s doubling down, continuing to award new long-term contracts at outrageous prices to produce power that we don’t need. And it will only get worse when her cap-and-trade scheme finally takes shape.
Losers under this green energy folly are easy to identify — businesses large and small, seniors on fixed incomes, low-income Ontarians and on and on. There is no shortage of losers. Read article