Deja Vu all over again?
It seems like I just wrote an article about electricity prices being raised for the second time in 2015. But wait … its been a couple of months since the Liberals raised our rates … I guess I should have expected another increase by now. You’re going to love this one; it’s an especially oppressive increase and will really affect families and seniors – Merry Christmas & Happy New Year to us! (here is the last article I wrote about the 9% peak price increase on November 1st after another increase in May 2015).
On December 31st, 2016 there will be an ACROSS THE BOARD 10% INCREASE TO ALL PORTIONS OF YOUR HYDRO ONE TAX BILL. Not a portion of your bill, not just peak rates or off-peak rates or delivery charges – YOUR ENTIRE BILL. Take the total amount you spent on electricity last year and add 10% to it.
But wait, there’s more! According to the cryptic pamphlet included in my latest Hydro One bill, On January 1st 2016 (Yes – ONE DAY AFTER AN ACROSS THE BOARD 10% INCREASE) our trusted civic leaders in Toronto are increasing distribution rates by another 1.1% for most people. Unbelievable gall.
According to the Globe & Mail Ontarians have over paid by $37 BILLION and will over pay another $133 BILLION more over the next 17 years because of the meddling into energy policy by our current government. The Liberal government of Ontario has repeatedly overruled expert advice – and even tore up two long-term plans from the Ontario Power Authority for the electricity system – in favour of political decisions that drove up power costs for consumers, according to a report by the Auditor-General of Ontario (see the full PDF Auditor General’s report here).
“The Wynne Liberals often went against the advice of experts, ignoring the long-term impact of Ontario’s electricity system on its ratepayers for its own short-term political gain”