Toronto Sun Editorial
Thanks to Ontario auditor general Bonnie Lysyk we now know that every substantial thing the Dalton McGuinty/Kathleen Wynne governments have said about their management of Ontario’s electricity system is a fraud. They told us they were carefully planning for the future.
In fact, Lysyk found the Liberals ignored their own legislation and regulations in developing their electricity plan. As a result, “Ontario electricity ratepayers have had to pay billions for these decisions” Lysyk found.
Among Lysyk’s shocking findings:
Between 2008 and 2014 hydro rates skyrocketed 70%, costing $37 billion more than the market price for electricity. From 2015 to 2032, the added cost is projected to be another $133 billion.
Ontarians will pay $9.2 billion more for renewable energy than necessary, despite the fact the province has a massive energy surplus.
Last year, Ontario paid wind power companies twice as much for electricity as the U.S. average and solar companies 3.5 times the U.S. average.
Electricity generated by a biomass plant in Thunder Bay costs 25 times more than the average price in Ontario because the government ignored warnings from the Ontario Power Authority that converting the plant to biomass from coal wasn’t cost-effective. Read article