Warning!! Power Failure

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On October 8, 2010, Terence Corcoran wrote a compelling article in the Financial Post about where our electricity rates are headed.

He reports “The government’s regulator, the Ontario Energy Board, has prepared secret forecasts of how much Ontario consumers are going to have to pay for electricity over the next five years. The government won’t allow the report to be released. The next best estimate comes from Aegency Energy Advisors Inc., in a study it did for the Canadian Manufactures and Exporters group. Residential rates are expected to jump by 60% between 2010 and 2015. Industrial customers will be looking at a 55% increase.”

These huge increases, he says, are directly due to the Feed In Tariff that George Smitherman so proudly developed and announced in October of 2009 when he was energy minister of the Provincial rates.

See the announcement of the Feed In Tariff in the video below.

Are you happy with the direction of our rates? Will you be able to afford your current lifestyle if your energy rates are 2-3 times what you are paying now?

Energy Poverty is a term coined in the UK. Middle class people are unable to afford to heat and light their homes due to the skyrocketing costs? We in Ontario seem to be headed down that road.

Please see the entire article by clicking here.

Watch this video to get an understanding of the Green Energy Act and Tariff program.

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