Wind and solar account for only about 8 per cent of Ontario’s electricity output.
green energy act
Residential electricity prices increased 71 per cent in Ontario.
Coal-fired generators have raised their prices by 1.9 cents per kilowatt hour.
Almost 90 per cent of the revenue to renewable generators came from the subsidy.
High electricity prices were responsible for roughly 75,000 job losses in the province’s manufacturing sector.
The Green Energy Act provided long-term guaranteed contracts to renewable energy generators at above market rates.
In 2016, Toronto residents paid $60 more per month than the average Canadian for electricity.
By subsidizing wind and solar power, the government undercuts its own policy.
Today’s high electricity prices are largely the result of policy choices including big subsidies for green energy producers.
Affordable energy is to the economy what oxygen is to the human body.