Ontario electricity rates to keep rising as long term energy plan released

TORONTO – Ontario’s Liberal government will release its long-term energy plan today, and the bottom line for consumers is electricity rates will continue to increase.

Energy Minister Bob Chiarelli says electricity rates jumped an average of 3.4 per cent each year since the Liberals were elected in 2003, and will keep going up in future.

Chiarelli says the government has taken what he calls “very significant steps to mitigate those rate increases,” including cancelling two new nuclear reactors that would have cost an estimated $15 billion.

He says the savings will more than offset the impact of the estimated $1.1 billion cost of cancelling gas plants in Oakville and Mississauga prior to the 2011 election.

The New Democrats say Chiarelli is softening the public up for higher electricity bills, and doubt his commitment to energy conservation.

The Progressive Conservatives say the Liberals have made a mess of Ontario’s electricity system, especially with expensive wind and solar power subsidies they vow to end, and can’t be trusted when it comes to energy issues.

Nuclear will remain the largest component of Ontario’s electricity mix, but is expected to fall to about 47 per cent from around 55 per cent in the new plan, which will reflect the fact the province will stop burning coal to generate power by the end of this year.




Browse

Ontario electricity rates to keep rising as long term energy plan released

  1. just keep voting liberal folks, more of going down the same road to economic destruction of this once great province. more and more businesses will have to close or move to places where energy is cheaper like Quebec or the US.

  2. Of course, the fact that certain folks in the Liberal Party are raking in millions of dollars due to their involvement in the Wind Turbine and alternative Energy sector has NOTHING to do with taxpayers being fleeced.
    It’s all about the environment right?
    People still vote for these clowns knowing they are both incompetent and corrupt. Oh well……it didn’t make a difference to folks who vote for the Federal Liberals…why should provincial liberal supporters be any different?

  3. So these thieves are cancelling two new nuclear reactors to help pay for their theft of taxpayer dollars. And this is somehow considered responsible government? Throw these crooks in jail already.

  4. If the nuclear portion of the energy mix is currently 55% why would it drop to 47% with the elimination of coal from the mixed bag? What sort of math is this????

    • Maybe you should read the actual report. Nuclear will decrease while the denominator will increase.

      • I was commenting on the story printed here and it says:

        “Nuclear will remain the largest component of Ontario’s electricity mix, but is expected to fall to about 47 per cent from around 55 per cent in the new plan, which will reflect the fact the province will stop burning coal to generate power by the end of this year.”

        Of course I realize that this is incorrect. Clearly a drop from 55% to 47% in nuclear generation does not reflect a drop in coal burning but rather reflects a drop in nuclear output DESPITE the removal of coal burning output.

  5. So I guess windmills are going to make up the increase in “green energy”….the most expensive and unreliable form of power that are forced on people in quiet rural areas. The average house drops 30% in value and becomes extremely difficult to sell after a windmill goes up nearby, and there are hundreds have gone up in the Tiverton area. The companies are also getting paid 3x-4x market value of power, paid for by people on their hydro bill. Thanks mcguinty! And that money doesn’t stay in Canada either!

    • Also, wind turbines are wild bird and fowl grinders. Apparently that is OK but if a single duck is found in a tailing pond these same environitas have a kiniption fit.

Your email address will not be published. Required fields are marked *