Tales of skyrocketing household hydro bills are commonplace across Ontario. And understandably everyone — even with modest bills — should worry for the simple reason that it’s only going to get worse.
Thanks to the Liberal government’s “long-term energy plan,” Ontarians can count on their electricity rates going up 33 per cent over the next three years. And within five years, the average monthly bill of $125 will rise to $178 — a 42 per cent increase.
Based on 2012 power prices, AMPCO — representing almost 40 of the largest power consumers in the province — says Ontario industries pay 7.6 cents to 9.4 cents for a kilowatt hour for electricity.
That’s higher than the average prices of 5.6 cents a kWh in New York, 5.4 cents in six New England states, 4.5 cents in 14 jurisdictions in the Pennsylvania-New Jersey-Maryland region and 3.2 cents in a group of 15 Midwestern states. The average price paid by large industrial power users in Toronto is nearly 11 cents per kWh, according to a Hydro-Québec 2013 survey. That compares with 4.8 cents in Montreal, 5.45 cents in Chicago and 8.12 cents in Detroit...More.
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It's hardly any good to ask if government is going to do anything about it, because it's government that is causing it! Another one of Dalton McGuinty's poisoned pills that Kathleen Wynne refuses to do anything about.
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