Costs to spike in the years to come for Hydro One users

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CORNWALL, Ontario - This week Energy Minister Bob Chiarelli outlined the province’s Long-Term-Energy Plan (LTEP), which committed Ontario to buying more surplus power from subsidized solar and wind sources.

While those on Hydro One are expected to be hit with massive increases, Cornwall Electric customers are insulated for the time being because that utility buys its power from Quebec.

Still, the move to hike fees was met with indignation from local Tory MPP Jim McDonell.

"The government is doubling down on the failed McGuinty policies that landed us with the highest hydro rates in North America,” said McDonell. “The Liberals’ willful ignorance of the consequences of their energy policies on Ontario’s economy is staggering. Hydro bills will rise by at least $400 a year for families that are already struggling, and even more for businesses that provide jobs to our citizens."

The LTEP predicts an overall 42 per cent increase in hydro rates over the next five years. 

“The costs calculated by the LTEP do not include the ratepayer’s share of the power plant cancellation costs – around $200 per household,” said McDonell. “This Liberal government is costing us money, jobs, credibility and our future."

Organizations: Hydro One, Cornwall Electric

Geographic location: Ontario, Quebec, North America

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  • Richard Kake
    December 05, 2013 - 11:58

    Its time to scrap Hydro One and start buying all our power from Hydro Quebec, we have been paying Hydro Ones debt for years now with no end in site, where is all this money going? Hydro One is paying the USA to take some of our surplus power, the price of electricity is going through the roof, how will the average taxpayer and seniors afford it?? This Liberal Government are nothing but greedy lying scamming politician's who think only of themselves and not the taxpayers. Time to vote these incompetent idiots out of office.