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.”