According to Ontario’s energy minister, Bob Chiarelli, electricity rates will increase 42% over the next five years. And 54% over the next 10, and 68% over the next 20.
And guess whose fault it is?
Yes, the former Ontario premier, who left office almost 12 years ago, is responsible for the fact Ontario energy prices have escalated exponentially under the Liberal government, which has been in place for the past decade. Mr. Chiarelli made that clear Monday when he announced that power rates, which have doubled — and in some cases tripled — under the Liberals, will continue to rise inexorably for the forseeable future.
When the Liberals took office in 2003, he said, they discovered an “energy deficit” left behind by the Progressive Conservatives. “We had a lot of damage control to do, so we had to invest in the system,” he said.
Ontarians are familiar with that “investment.” It included the famous Green Energy Act, which has seen thousands of unpopular windmills slapped up in non-Liberal ridings, and which now produce a negligible two-tenths of one percent of Ontario’s power at highly inflated prices. The investment has been such that Ontario now produces much more power than it needs, and exports it at a hefty loss: $1.2 billion last year, according to publicly available figures. The government is so keen on investing that it planned to invest in two gas-fired power plants in Toronto suburbs, until it cancelled them at the last second at a cost of more than $1 billion to save some Liberal seats in an election. Read article