Commenting on hydro costs, Dalton McGuinty was indisputably right about only one thing, we will again “shoulder the costs” of his decisions.
As the infrastructure of his “greener energy grid” increases from the spectacularly pricey solar power to the proliferation of unsightly wind generators, look around the county, we are getting deeper into an energy commitment whose outcome is very uncertain.
Someone will have to pay for new energy for which McGuinty has promised as high as $.80/kWh. This is 10 to 20 times what we are currently paying and the promises can only be covered from our pockets.
Will the billions we spent on his futile “smart” meters save us, or just add to the crushing burden which is now enhanced every step of the way by the HST? His feeble reassurance is that new technology will blossom into jobs. But, if you Google “Spanish study on green jobs” you will find sobering details about the probable outcome of McGuinty’s experiment.
In Spain, every job created by green energy measures displaced two jobs in the rest of the economy. The multi-billion commitment made to Samsung then becomes an anvil around our necks.
What if the hardware we are buying with these huge sums is suddenly converted to obsolete junk by some unforeseen energy breakthrough, while long-term contracts still obligate us to pay $.80/kWh?
The greatest concern should be, what industry will relocate to Ontario when the price of hydro has reached the sky and nearby jurisdictions are vividly cheaper? The 20-per-cent increase now can only be the beginning.
This has the makings not of prudent energy securing but of monument building. And when we are finally rid of McGuinty, the costs of this hydro monument will linger long after it has turned to dust.
RICK FUSCHI, Tecumseh