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Describing Ontario’s electricity pricing system as a train wreck doesn’t do it justice.
That’s because it isn’t just one train — it’s the entire railroad — as a new report by the C.D. Howe Institute,
Power Surge: The Causes of (and Solutions to) Ontario’s Electricity Price Rise Since 2006 makes clear.
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GOLDSTEIN: Massive taxpayer subsidies powering Ontario's electricity sector, says report Back to video
Authors Benjamin Dachis and Joel Balyk warn that staggering taxpayer subsidies of the cost of electricity in Ontario are out of control, creating an electricity market that is so distorted that prices go up while consumption goes down — the opposite of how the law of supply and demand is supposed to work.