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Article content Ontario taxpayers are covering billions of dollars of electricity costs a year in what has become an unsustainable way to keep hydro bills down, a new report says. The C.D. Howe Institute released an e-brief Tuesday Power Surge: The Causes of and Solutions to Ontario’s Electricity Price Rise Since 2006 that recommends residential hydro subsidies be provided only to those in financial need or limited by consumption. We apologize, but this video has failed to load. Try refreshing your browser, or Hydro bill subsidies zapping taxpayers: new report Back to video “The province should reduce rate subsidies which have climbed to $6.5 billion in the 2021/22 fiscal year,” wrote report authors Benjamin Dachis and Joel Balyk.

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