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Ratepayers should expect their electricity bills to rise by 65 per cent by 2015 and 141 per cent by 2030 — substantially more than current government predictions of 46 per cent and 100 per cent, the study found.
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You saw my other post about how environmentally windmills don't make sense. Now let's take a look at how much sense they make for consumers who are paying the bill at the end of the day.
In Ontario, the average residential user's annual bill, which currently stands at $1,700, will exceed $2,800 by 2015 and be over $4,100 by 2030 due to 'green' energy.
To put that in context, that is by far the highest cost of electricity of any developing countries. How can we expect to compete globally when the cost of doing business here is 4X higher then another province or country? A small price increase could make sense, but if I'm a business or resident, I'm planning on leaving as soon as possible.
Ok, forget businesses for a second. What about low income families? Electricity bills are already a large expense for them, but we're now expecting them to dish out 4x more? That simply isn't moral and responsible. For a country that prides itself on providing a good quality life for everyone this is simply wrong.
The way the system is set up is that the government has a monopoly on power. Don't like the type of power you get and the price you pay? Tough. Hydro One has zero accountability to its customers and has no reason to really care.
The solution? Privatize power and heavily regulate it, making it competitive, green and accessible to everyone. The market can provide for consumers much better then a government entity with no accountability for its customers, finances or even environment.
Full article at: http://www.thespec.com/news/ontario/article/610422--cost-of-green-energy-40-higher-than-government-estimates
By: Nicholas Montgomery
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