By Valerie MacDonald, Northumberland Today
BALTIMORE – The Ontario government’s 20-year contracts for wind and solar power under the Ontario Green Energy Act will cost Ontarians $58 billion more than it should for green power, says Hamilton Township resident Stuart Henry, a retired security chief administrative officer. This will add $600 to the amount people will pay on their electric bills each year for the next two decades, he says.
“Over 20 years, Ontario residents will pay $58 billion more for the purchase of an identical amount of green energy than the New England states who buy green energy hydro power from Quebec at the real market rate of 8.1 cents per kilowatt-hour,” Henry states in a summary of his financial analysis.
Henry is so concerned at the financial provisions of the provincial Green Energy Act and the consequences to Ontario’s industrial sector, and its residents, that he has contacted the Ontario Auditor General and is urging others to do the same.
Now is the time Ontario should be making a long-term deal with Quebec when that province has an abundance of hydro and the best terms can be struck, Henry asserts. Read article