Ontario energy regulator blamed for sharp rise in hydro bills

“The gold standard used to be rates that were just and reasonable. The Green Energy Act is stuffing your power bill with hidden charges.”  ~ Tom Adams

by Karen Howlett — Globe and Mail

Ontario’s energy regulator has quietly shifted responsibility for building costly new electricity systems from investors to consumers, a move that partly accounts for a sharp spike in hydro bills, critics say.

Seven months ago, the Ontario Energy Board gave industry players the go-ahead to crank up their profits substantially. But information about the change was not widely reported until the New Democratic Party raised it in the legislature on Thursday. Continue reading