WYNNE: ONTARIO'S NEW LONG-TERM HYDRO PLAN NOT ABOUT ELECTION
Oct 26, 2017
By Bob Komsic
The premier maintains it has nothing to do with next year’s general election but the opposition disagrees.
Ontario’s new long-term energy plan projects electricity bills will rise to an average of $181-a-month in 10 years–$54 more than the current average.
Numbers that are lower across the board compared to the last long-term plan released in 2013, when Ontario said hydro rates would hit $200 by 2027.
Part of the savings is being attributed to the government’s ‘Fair Hydro Plan’, which has promised to cut rates by 25% this year and tie increase to inflation the next four years.
Energy Minister Glenn Thibeault says the government will look to further reduce costs in the future by, for example, securing new power when it’s needed and allowing more Ontarians to produce green energy in their homes.