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Ontario electricity prices are forecast to become the highest in North America next year

Ontarians to pay even more for broken energy plan


By Vic Fedeli, PC Energy Critic and Nipissing MPP——--September 12, 2012

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QUEEN’S PARK – Dalton McGuinty’s failed energy plan will continue to unnecessarily cost Ontarians hundreds of millions of dollars more each year, PC Energy Critic and Nipissing MPP Vic Fedeli charged today.
Fedeli responded after the Independent Electricity System Operator (IESO) issued its latest 18-month outlook for power demand in the province. It forecasts power demand in Ontario will actually shrink in 2013, and periods of surplus power generation where we sell electricity to Quebec and the United States at a loss will increase in frequency. “We have 600,000 people out of work in Ontario, and this government has shed 300,000 manufacturing jobs. This forecast assumes what we already know – Dalton McGuinty has no plan to create jobs and grow our economy,” said Fedeli.

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“Instead, we’ll continue the vicious circle of paying others to take our power so they can compete even harder with Ontario for jobs and investment,” added Fedeli, who notes Ontario lost $420 million selling surplus power in the first 10 months of 2011. The outlook also stresses the need for increased flexibility in Ontario’s energy supply mix. Fedeli says that’s a clear signal from the IESO the practice of putting our most heavily subsidized and most costly power on the grid first -- wind and solar – must end. “The IESO says we will nearly triple the amount of wind and solar capacity on the grid by 2014. When we pay those developers two to 10 times the cost of power, Ontarians will only continue to see their hydro bills skyrocket,” said Fedeli. Ontario electricity prices are forecast to become the highest in North America next year, and the Auditor General predicts a 46% increase by 2015. “This government is crippling our ability to compete for jobs and investment with the rest of the world with their farce of an energy policy,” Fedeli concluded.


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