Another credit downgrade for Ontariowe

petros

The Central Scrutinizer
Nov 21, 2008
120,192
14,853
113
Low Earth Orbit
How many ways can a lawyer say "I'm screwing you" and make it sound like foreplay? Hydro needs to get rid of the people who don't know anything more about electricity that up means on and down means off. It's an essential service that should NOT be entrusted to gouge-and-profit business people.

We pay $85.50 per month on equalized. How much is your bill?

Locked in contracts from producers.
McSquinty signed off on a bonanza price, locked in for green power.

What green power?
 

Goober

Hall of Fame Member
Jan 23, 2009
24,691
116
63
Moving
We pay $85.50 per month on equalized. How much is your bill?



What green power?

Blame solar for sky-high Ontario power bills | Financial Post

Solar energy – one of the key pillars of the Green Energy and Economy Act (GEEA) – is casting a dark cloud over Ontario electricity bills and is a big factor in recent and future bill increases. In 2013, solar projects caused electricity bills to be about $550-million higher than they would otherwise have been. For a typical homeowner, this works out to $47 per year. Ontario will have an estimated 1,100 MW of solar installed by year-end and roughly 900 MW will be added in 2014. This addition will cause 2014 electricity bills to increase by another $435-million – equal to a typical homeowner increase of $37 per year. By the end of 2014, solar will be costing Ontarians $1.25-billion per year – while generating a paltry 2% of Ontario’s total electricity requirement.

How did Ontario get here?

Under the previous Renewable Energy Standard Offer Program (RESOP), Ontario contracted for 475 MW of solar capacity, to be paid $0.42/kWh for 20 years.
Ontario’s green disaster | Financial Post

The GEA may have been well-intended but a recent Fraser Institute analysis, called The Environmental and Economic Consequences of Ontario’s Green Energy Act, demonstrates that it is driving up Ontario’s energy costs and poses a threat to economic competitiveness for the manufacturing and mining sectors. What little environmental benefit it is expected to generate could have been achieved at a fraction of the cost. Unless the province changes course, the GEA will saddle Ontarians with needlessly high energy costs for decades to come.

As our study demonstrates, the GEA will soon put the province at or near the top of North American electricity costs. Already the GEA has caused major price increases for large energy consumers, and analysts in both the government and the private sector anticipate additional hikes of 40% to 50% over the next few years. We estimate that the manufacturing and mining sectors will be hard hit, with energy cost increases reducing returns to investment by between 13% and 29%.
 

SLM

The Velvet Hammer
Mar 5, 2011
29,151
5
36
London, Ontario
Just lowered to $214 from $258/mo (for the next 3 months) in 856 sq ft with gas heat and a 100 amp service.

There is something really off about that. My budget plan is $177 per month (it was $166 last year) but my heating is electric. And my condo is just shy of 1000 sq ft, so not too much difference to your space.

You should contact the ombudsman, I know there is already a really long list of hydro complaints with the ombudsman's office, but I'd do that anway.
 

lone wolf

Grossly Underrated
Nov 25, 2006
32,493
212
63
In the bush near Sudbury
I apologize. You aren't whining. That is criminal gouging.

Have you contacted you MPP?

Mine is one of those ten thousand files before the Ombudsman - including the power use graph with spike of some 170 kw . If, indeed, I had a spike like that, shouldn't the mains have tripped (if the meter even stayed on the wall)
 

petros

The Central Scrutinizer
Nov 21, 2008
120,192
14,853
113
Low Earth Orbit
Mine is one of those ten thousand files before the Ombudsman - including the power use graph with spike of some 170 kw . If, indeed, I had a spike like that, shouldn't the mains have tripped (if the meter even stayed on the wall)

$20(waivable) to take them to court.