The average Ontario hydro bill will soar by $195 a month by 2027 under the Liberal government’s hydro plan, according to a leaked cabinet document obtained by the Progressive Conservatives.**********
RELATED: Sharing the pain... it's a Liberal thing
Debt for you... debt for the grandkids...
For the next 10 years, a new entity overseen by Ontario Power Generation will pay that difference and take on debt to do so.
Then, the cost of paying back that debt — which the government says will be up to $28 billion — will go back onto ratepayers’ bills for the next 20 years as a “Clean Energy Adjustment.”