Orangeville Banner, By Chris Halliday
The county is in danger of losing a large segment of its industrial and business base if energy prices continue to skyrocket. With dramatic electricity and natural gas hikes on the horizon in Ontario, whispers that several of the county’s larger businesses are mulling whether to move elsewhere are spreading through Dufferin.
“When you start hearing them talk about a year or two max and then moving on, that is a concern to anybody listening,” said Pete Renshaw, president of the Greater Dufferin Chamber of Commerce (GDACC). “Even if they’re just rumours of large businesses leaving.”
This isn’t a problem immune to Dufferin. Electricity rates across the province are expected to rise more than 30 per cent over the next three years. Coupled with natural gas hikes, those spiking energy costs are pitting industry in a position where some of the county’s heavy-hitters may debate an Ontario exodus. “I hear it from a CAO here, a CAO there,” Renshaw said. “We’re one of the highest, if not the highest (energy) priced province in the country,” Renshaw added. Read article