No wonder they have to keep raising the price of electricity.
The two biggest hikes Ontarians face on their hydro bills at the moment are a 12% increase in the regulated electricity price approved by the Ontario Energy Board, which took effect May 1 and will raise rates to consumers by 8%-9.5%, plus another 8% hike July 1, when Ontario’s new Harmonized Sales Tax comes into effect.Alberta's starting to look better by the day.
The HST will also increase the price of gasoline by 8%, as well as the price of natural gas and oil used for home heating, which again has nothing to do with putting a price on carbon dioxide emissions.
Ontario’s multi-billion-dollar subsidy of wind and solar power — which basically means forcing consumers to pay more than the market price for electricity — is just starting to kick into hydro rates and will have a major upward impact in future.
Energy experts predict the cost of electricity in Ontario is going to skyrocket by about 25% by the end of next year.
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RELATED: Ask a Liberal Finance Minister
Say, Dwight... whose riding is that anyway?
"Premier Dalton McGuinty is defending an untendered, $81-million contract for an energy centre built to power a casino in Windsor."Your money... their friends.
