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Subsidizing hydro rates for businesses to cost Ontario taxpayers $15.2-billion by 2040, fiscal watchdog says theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Higher Electricity Costs Disproportionally Hurting Southwestern Ontario Commentary Ontarians understand the personal costs namely, higher electricity bills of increased electricity prices caused largely by their provincial government’s Green Energy Act, which mandated and subsidized renewable energy (wind, solar, etc.) in the province’s power grid. But the effect on Ontario’s competitiveness, particularly the manufacturing sector, has been largely ignored even though the costs have been and continue to be substantial. Simply put, higher electricity prices in Ontario hurt manufacturing since electricity is the second-largest cost after labour. Indeed, Sergio Marchionne, the late former head of Chrysler, said in 2015 that electricity costs in Ontario were making it too expensive to do business. ....
“Clean” electricity by 2035 faces two major hurdles There is increasing concern that electricity generation from fossil fuels contributes to climate change and air pollution. In response to these concerns, governments around the world are encouraging the installation of intermittent electricity generation projects including Industrial Wind Turbines (IWT’s). But Whoa, Nelly! NIMBY’s (Not-In-My-Backyard) around the globe from Germany to Australia, California, New York, and Massachusetts are speaking loudly, and acting, to put a halt to the invasion of noisy wind farms in their backyards. Following numerous reports from Maryland to Canada to France on wind turbine noise, the NIMBY’s are becoming energized (no pun intended). ....