Yesterday, my husband Jim went to a Niagara-on-the-Lake Hydro open house to learn what is planned over the next decade both provincially and locally. What he found out is that there is nothing fair in the Ontario Liberals’ Fair Hydro Plan.
Sure, the rates are going to go down now and into the near future as the government takes on debt to subsidize rate reductions but, eventually after ten years, that debt will need to be paid.
In other words, the Wynne Liberals are pushing magical thinking on to the population to try to get Ontario voters to forget that the problem is mostly of the Liberals own making, driven by all the billions and billions of dollars contracted for wind and solar energy which is completely unreliable.
For example, my husband learned that wind (7%) and solar (2%) account for only 9% of hydro generation while nuclear is 63.6%.
So, the “Fair Hydro Plan” does not offer long-term utility bill relief, contrary to what Liberal politicians are promoting. As Peter Reesor, CEO of the Owen Sound & District Chamber of Commerce, says in an Owen Sound Sun Times column by Denis Langlois, “the plan is ‘a good start,’” but doesn’t tackle the central issue of soaring hydro costs. In other words, while “the relief will be greatly appreciated [now] it still doesn’t solve the problem in the long run. We’re basically passing an even higher debt on this – the cost of hydro – to our children and our grandchildren.”
On the hydro debt, Langlois also quotes Ontario Progressive Conservative MPP Bill Walker as saying: “there is nothing ‘fair’ about the refinancing proposal, noting it will cost taxpayers ‘in a worst-case scenario’ as much as $42 billion over 30 years in added interest costs to ‘fix the hydro mess’ created by the Liberal government.”
Truly, the current gang of Liberal politicians in the Province of Ontario care only for their green ideology and getting re-elected. The crux of the matter is that the Ontario PCs under Patrick Brown need to get elected in 2018 so they can do something about this issue, starting with cancelling the Ontario FIT (Feed-in Tariff) program — which my husband heard yesterday, is still signing private renewable energy contracts and will continue to do so until the end of this summer!
Absolute madness! What a mess we are postponing for our children and our grandchildren.
Endnote: Those of us who live in regional Niagara-on-the-Lake (which consists of 5 separate communities), are very lucky that our municipal hydro utility is owned by our local municipality because it is very well managed. In that regard, my sincere thanks to NOTL Hydro and their volunteer Board.