By
Kate on December 2, 2015 6:42 PM |
9 Comments
Globe and Mail;
Ontarians have paid $37-billion more than market price for electricity over eight years and will pay another $133-billion by 2032, after the provincial government's process for planning the system "broke down." Electricity prices have ballooned by 70 per cent.
What's more, Hydro One is in rough shape, with ever-increasing power outages and aging equipment "at very high risk of failing" that needs $4.472-billion worth of repairs - even as the province is in the process of selling 60 per cent of the company to the private sector.
And from
National Post;
The auditor found the Green Energy Act is also driving up rates. Hydro customers will pay a total of $9.2 billion more for wind and solar projects under the Liberals' 20-year guaranteed-price program for renewable energy than they would have paid under the old program.
Ontario's guaranteed prices for wind power generators are double the U.S. average, while the province's solar power rates are three-and-a-half times higher.
...and
Lysyk found 80 per cent of $1.45 billion in funding from the Ministry of Economic Development and Employment went to companies the Liberals invited to apply, but they couldn't provide criteria they used to select firms or say if they created jobs.