Ontario power fee sets new record

Outright theft of our dollars!!!

Wind Resistance of Melancthon

The global adjustment — a fee added to the market price of electricity in Ontario — has reached a record high

darlington_wires

Hydro towers at Darlington Nuclear Generating Station located in Clarington in the Durham Region. Nuclear power stations currently provide about 38% of electricity generated by OPG. Tara Walton/ Toronto Star

The price of power for many Ontario households and businesses has spurted higher as the “global adjustment’ – an extra fee tacked onto the market price – has jumped to a record high.

The market price for electricity in Ontario Tuesday was about 2.5 cents a kilowatt hour. But the global adjustment for September will add another 8.72 cents to the market price for customers who aren’t covered by the province’s regulated price plan.

Those prices are just for the energy portion of the hydro bill; delivery and debt retirement charges are in addition to that.

The global adjustment…

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