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| According to auditor-general Bonnie Lysyk, conservation costs us money, so we’d best keep burning fossil fuels up in smoke? |
It’s not just that costs are rising inexorably.
Confusion keeps growing about how those prices are calculated, starting with that incomprehensible “global adjustment” that gets bigger with every bill.
Auditor general Bonnie Lysyk made headlines last month by telling ratepayers they were hit up for $37 billion “over the market price” of electricity from 2006-14. She warned that Ontarians faced an astonishing $133 billion in “excess payments” through 2032.
It gets worse. Ontario suffers from an oversupply of electricity much of the time, hence Lysyk’s suggestion that it’s not cost-effective to invest in conservation.
“We are concerned that the ministry continues to invest in conservation efforts when Ontario already has significant surplus power,” the auditor’s report concludes ominously. During a surplus, “reducing electricity consumption through conservation efforts is of little value.”
Right. But wrong, oh so wrong.
According to the auditor, conservation costs us money, so we’d best keep burning fossil fuels up in smoke? No thanks, especially when she knows our electricity surplus is partly due to the economic downturn and that the oversupply won’t last forever. (more...)
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