By Toby Barrett, Queen’s Park The Sachem
High electricity prices are a two-pronged plug. Not only do higher prices consume people’s expendable income, but they also suffocate our business and industrial sectors. Those with air conditioning find some comfort from this summer’s heat and humidity, but many are finding that comfort displaced with shock when they open their electricity bills. Prices for the electricity portion on your bill now range from the 6.7 cents/kWh to 12.4 cents/kWh at peak time. There has been a significant increase from the 4.3 cents/KWh in place when the present government took office in 2003. But that is just for today’s actual electricity! Add to that distribution charges, debt retirement, HST and your electricity bill skyrockets.
Affordable energy is a cornerstone of economic growth. Provinces that have taken steps to assure a steady supply of power at fair rates are more attractive to new industry and better equipped to retain those already there. Provinces like Ontario where power rates are being driven up by expensive renewable energy subsidies are not.
If we are to bring back jobs, we must replace the subsidy program for wind and solar projects with an energy policy based on what is best for the economy. We must establish a new power rate for manufacturing and resource-based industry that is competitive with neighbouring provinces and states. Read article