Ontario hydro rates to rise 42% in 5 years


SLM
#1
Ontario hydro rates to rise 42% in 5 years



Antonella Artuso, Queen's Park Bureau Chief

Dec 2, 2013 , Last Updated: 3:06 PM ET

TORONTO — Ontario hydro bills are headed up, up, up.
A new Long-Term Energy Plan says the average monthly residential bill of $125 will rise to $178 within five years, a 42% hike.
Hydro bills are expected to dip slightly in 2019 to $177 a month, and then rise again until 2022 when they’ll hit $193 a month. A second price decrease is forecast for 2023-24 and then the trend for prices is onward and upward for the foreseeable future.
A decision to defer or cancel new nuclear construction, coupled with a few other initiatives to contain costs, shaved $13 off what the monthly bill would have been in 2018 if the Ontario government had implemented its previous Long-Term Energy Plan.
The new plan will save hydro ratepayers $3,800 between 2013-2030, the government says.
Premier Kathleen Wynne said she’ll consider income testing for the Ontario Clean Energy Benefit, which currently takes 10% off the top of all hydro bills, and that could decrease some people’s bills past 2015.
The benefit is currently on track to end by 2016.
The plan confirms that Ontario won’t build new nuclear reactors but will refurbish the Bruce and Darlington generating stations starting in 2016.


Ontario hydro bills to rise 42% in 5 years | Ontario | News | Toronto Sun


Shoot me. Shoot me now.
 
MHz
#2
Quote: Originally Posted by SLMView Post

Ontario hydro rates to rise 42% in 5 years



Antonella Artuso, Queen's Park Bureau Chief

Dec 2, 2013 , Last Updated: 3:06 PM ET

TORONTO — Ontario hydro bills are headed up, up, up.
A new Long-Term Energy Plan says the average monthly residential bill of $125 will rise to $178 within five years, a 42% hike.
Hydro bills are expected to dip slightly in 2019 to $177 a month, and then rise again until 2022 when they’ll hit $193 a month. A second price decrease is forecast for 2023-24 and then the trend for prices is onward and upward for the foreseeable future.
A decision to defer or cancel new nuclear construction, coupled with a few other initiatives to contain costs, shaved $13 off what the monthly bill would have been in 2018 if the Ontario government had implemented its previous Long-Term Energy Plan.
The new plan will save hydro ratepayers $3,800 between 2013-2030, the government says.
Premier Kathleen Wynne said she’ll consider income testing for the Ontario Clean Energy Benefit, which currently takes 10% off the top of all hydro bills, and that could decrease some people’s bills past 2015.
The benefit is currently on track to end by 2016.
The plan confirms that Ontario won’t build new nuclear reactors but will refurbish the Bruce and Darlington generating stations starting in 2016.


Ontario hydro bills to rise 42% in 5 years | Ontario | News | Toronto Sun


Shoot me. Shoot me now.

Bang. If the increases are like the ones around here it is mostly admin fees rather that cost of the actual product used.
 
SLM
#3
Quote: Originally Posted by MHzView Post

Bang. If the increases are like the ones around here it is mostly admin fees rather that cost of the actual product used.

I'd be shocked if it's not mostly admin fees.
 
IdRatherBeSkiing
+4
#4  Top Rated Post
I love how our Lieberal Priemier claims she has kept the costs of electricity down by cancelling 2 nuclear power plants. Somebody should tell her that the cost of electricity would likely be lower if there was more supply of electricity.
 
SLM
+1
#5
Quote: Originally Posted by IdRatherBeSkiingView Post

I love how our Lieberal Priemier claims she has kept the costs of electricity down by cancelling 2 nuclear power plants. Somebody should tell her that the cost of electricity would likely be lower if there was more supply of electricity.

You want to muddy up the water with basic common sense facts? Are you mad sir?
 
Sal
#6
we have no recourse with this and that is infuriating... there's no way I can cut back...right now I have a small watt on over the kitchen sink, a night light on in the closet where the cat's litter is and the tv is on... oh, and my computer is plugged in, my heat is electric but I have units on both sides of me, top and bottom, I leave it at 23° for the morning and set it at 18° at night and all day, the temp doesn't really dip and the furnace seldom goes on... bastards
 
MHz
+1
#7
Quote: Originally Posted by IdRatherBeSkiingView Post

I love how our Lieberal Priemier claims she has kept the costs of electricity down by cancelling 2 nuclear power plants. Somebody should tell her that the cost of electricity would likely be lower if there was more supply of electricity.

It would just be sold to the US. Did NFLD get lower rates when they has excess power available, no. Quebec uping the price from when it came in to when it exited to the US .
 
WLDB
#8
Looks like im moving across the river.
 
Sal
#9
Quote: Originally Posted by WLDBView Post

Looks like im moving across the river.

yeah, you can bet if we move across the border we will pay less for Canadian hydro... grrrrr
 
SLM
#10
Quote: Originally Posted by WLDBView Post

Looks like im moving across the river.

Hull???
 
taxslave
#11
Should have built coal or NG or even garbage fired plants instead of pissing away money on expensive and dangerous nuclear plants.
 
WLDB
#12
Quote: Originally Posted by SLMView Post

Hull???

The rent is half of what it is in Ottawa. The hydro rates are a bit lower. It would only bring my commuting time up by 20 mins or so.
 
SLM
#13
Quote: Originally Posted by WLDBView Post

The rent is half of what it is in Ottawa. The hydro rates are a bit lower. It would only bring my commuting time up by 20 mins or so.

But you'd be living in Hull........
 
Goober
#14
Why did people from Ontario not see this coming- it has been in the news for years that massive increases were in the mill.
 
Sal
#15
Quote: Originally Posted by GooberView Post

Why did people from Ontario not see this coming- it has been in the news for years that massive increases were in the mill.

we've been watching it happen, then the libs put the final ten nails in the coffin
 
SLM
#16
Quote: Originally Posted by GooberView Post

Why did people from Ontario not see this coming- it has been in the news for years that massive increases were in the mill.

We're gluttons for punishment? I honestly don't know.
 
Goober
#17
Quote: Originally Posted by SLMView Post

We're gluttons for punishment? I honestly don't know.

Goes back quite a few year with Dalton's Green policy- Green for the companies- News reports were rampant of the future costs.
 
damngrumpy
#18
We own the power company yet we're paying the same as foreign customers.
The only ones who benefit are company bottom lines in the long run cause the
power is sold to commercial interests. Canadian companies should get a
break not their competition. Want cheaper power establish your company in
Canada. We would never do that or demand only finished product be sold to
command more profit for us.
 

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