This past week, Zoomer Media hosted a panel discussion on Ontario’s growing electricity rates which the media organization (affiliated with the Canadian Association of Retired Persons/CARP) says is adversely affecting seniors and others on fixed incomes.
Watch the hour-long presentation here:
Energy analyst Tom Adams was one of the panel members, who called on the government to rescind the Green Energy Act, which he says is at the core of the problems today. Wind power produces only 6 percent of the Ontario supply, he said, but at 30 percent of the cost.
McMaster University professor Marvin Ryder agreed that expensive contracts were a problem but he said the damage has been done, and it will be 10 years before Ontario can climb out of the hole.
NDP leader Andrea Horwath said she still supports the Green Energy Act, but suggested creating subsidies for everyone having problems paying their electricity bills. (The cost of that would be …. added to the bills…)
The Ontario government awarded five contracts for new wind power generation in 2016, including two in the Ottawa area. The cost of these projects is about $1.3 billion. If the projects proceed (they do not yet have Renewable Energy Approvals/REA), the cost will be a further addition to Ontario electricity ratepayers’ bills.