Monday, February 29, 2016

Ontario electricity rates fastest rising in North America

Between them, premiers Dalton McGuinty and Kathleen Wynne overseen
spiralling rate increases at a time of lessening demand for power.
It has been a bad nine years for electricity customers in Ontario.

Hydro prices for residential customers have increased at a faster rate than anywhere else in North America.

But you wouldn’t know it by listening to Energy Minister Bob Chiarelli, who said Ontario ratepayers are seeing power bills “increasing slower than they are in neighbouring jurisdictions.”

In fact, no typical residential customers in any of the 50 U.S. states or Canada’s nine other provinces have seen the price of power increase at a faster rate than Ontario customers.

In addition, hydro prices in Ontario have been going up three times faster than the price of other goods and services.  (more...)


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