The Ontario Liberal Government is now expecting Ontario Hydro users to significantly adjust how they use electricity as there will be no reduction in rates. The high rates Ontarians are expected to pay are because of terrible Liberal energy decisions. The call by Energy Minister Chiarelli demonstrates one thing: This Wynne Government has hit the wall.
They have no more answers, and the cost of living keeps going up. In Ottawa two separate Hydro increases in 3 months are expected to cost an additional $100 per year in electricity. The added 7% increase in Water and 1.9% Property Tax in Ottawa will take a further $90 annually out of our pockets. Almost $200 less in 2014, for many that is $200 too much.
While doing many things off-peak used to be a benefit, the cost of power off peak is increasing at a higher rate than during high peak usage times. Peak usage rates have risen 48% since 2007 to 12.9 cents/kwh and mid-peak rates at 10.9 cents/kwh. The astonishing grab is the 140% increase in off-peak rates to 7.2 cents/kwh. At the current rate of increase, it will not be too long when off-peak and mid peak rates have so little difference that only high and off peak rates will exist.
Beyond the increases in hydro, there are no answers coming from the Provincial government to create jobs and stimulate the economy. These are the moves we need, not increases and a reduction in the disposable income – we need income that will the wake this dormant economy and be the driver for quality good paying jobs.
The Liberals have hit the wall, there is no choice for Ontario but to let voters have the chance to knock the wall down and allow someone else to take Ontario through to prosperity, jobs and economic growth that the Liberals have squandered in the past 10 years.