Ontario’s High Electricity Prices Are Bad For Business

“Ontario is probably the worst electricity market in the world,” Pierre-Olivier Pineau, University of Montreal

Ontario’s auditor general just reported that the province paid an extra $37 billion for electricity from 2006-2014, likely the most ludicrous energy story that I’ve ever read (here). Ontario has gone from having some of the most affordable electricity in North America to having some of the most expensive. From 2013-2015 alone, industrial electricity rates increased 16%.

High Cost Electricity Puts Ontario’s Businesses at a Severe Disadvantage (data from AMPCO)

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Read More:  http://www.forbes.com/sites/judeclemente/2016/03/30/ontarios-high-electricity-prices-crush-business/#43b1c0c72fa8

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