Ontario's financial accountability officer states that the Wynne’s Liberals hydro plan could end up costing Ontarians up to $93 billion more if this plan is financed. The best case scenario is it will cost Ontarians $45 billion more if Ontario can manage to balance the budget for the next 30 years. What this means is we are going to be paying a lot more money for hydro in the long run for a very short period of relief on a pre- election bribe.
What Premier Wynne failed to tell everyone is that Hydro One has applied for a large rate increase on distribution rates,disconnections / reconnections
removal of load limiters,account collections and access to their poles all increased , in 2018 a $2.79 per month increase- 2019 a $2.47 per month increase -2020 a $ 2.31 per month increase - 2021 a $1.95 per month increase and 2022 a $2.23 per month increase then we will have other rate increases. The OPG has also applied for a 69% increase to produce nuclear power by 2022. Tis would add a further $5.25 a month to our hydro bill, a decision on this rate increase will come later this year, the increases will keep coming each year
Premier Wynne stated our rates would be tied to inflation for four to five years Do the math here people, how can Premier Wynne say she is going to temporary subsidize 25% of our hydro bill when our rates continue to rise.
