The Mayor is sure there are many explanations you might have regarding this picture, however, the one that makes the most sense is that it’s a picture of Peter O’Brian, CEO of TVO, showing Ontario’s Minister of Education, Laurel Broten, what the new children’s line-up will look like this fall. Here’s a clue, it involves puppets.
Archive for the ‘Ontario’ Category
Tom Adam’s, former executive director of Energy Probe, is warning Ontario residents that hydro rates are ready to go through the roof:
Electricity prices in Ontario are “going up like a rocket,” fuelled in part by the Ontario government’s Green Energy Act, says a longtime observer of the province’s energy scene.
“You are going to get screwed, and it’s going to be painful,” said Tom Adams, a Toronto-based consultant and a former executive director of Energy Probe.
“We’re talking about hundreds of dollars a year out of your pocketbook that didn’t need to happen. I’m livid about it. People should be outraged.”
Adams warned that Ontarians should expect to pay at least $110 more a year by the end of 2011 for electricity. That translates into an additional nine-per-cent increase.
After that, rates will move steadily up for four or five years, he predicted.
The OEB has already received several applications for more hefty rate increases.
Hydro One, which operates most of the province’s long-distance transmission lines, has asked for a hike of 15.7 per cent in 2011 and 9.8 per cent in 2012. If approved, the increases would apply to the transmission portion of electricity bills.
Ontario Power Generation, which produces about 70 per cent of Ontario’s power, has asked for a 6.2-per-cent price increase effective next March. It scaled that back from 9.6 per cent after pressure from Energy Minister Brad Duguid.
Traditionally, Ontarians have paid less for power than Americans. But now, said Adams, “we are leaving them in our dust.”
He calculated that Ontario electricity rates passed the average U.S. price for the first time early this year, and are now nearly 15 per cent higher.
Adams assigned much of the blame for the rise in electricity rates to Ontario’s Green Energy Act, which promotes the use of solar, wind and other alternative power sources.
The Feed-in Tariff (FIT) program, which locks in generous payments for 20 years for large green energy projects, is “just outrageous,” Adams said.
The program’s rates are far in excess of current electricity prices. The FIT program, for example, offers producers between 44.3 cents and 71.3 cents per kilowatt hour for solar power, and between 13.5 and 19 cents for wind power.
By contrast, the average weighted price for electricity so far this year is 4.02 cents per kilowatt hour.
In The Mayor’s opinion, FIT is a great program because it benefits the rich – like me – while completely ignoring the poor. The poor can eat cake. There’s not a snowballs chance in hell any middle class or poorish family will ever be able to retrofit their house with solar panels, geothermal heating and cooling or a freakin’ windmill. For one thing, it’s ridiculously expensive, and for another thing, the rate of return on any of those products usually takes 10-15 years, and poor people aren’t known as “forward-thinking” consumers.
For the rich, this is a boon, plain and simple. They get massive tax credits to install solar, thermal and wind, and then they get paid up to 15x what the going rate is when they send the power back to the grid. Yup, 15 times. It’s too bad I can’t capitalize the number 15, it would look really impressive. FIFTEEN TIMES. Naw, that’s not as impressive.
So now we have rich folk – like The Mayor – getting tax credits out the wazoo, and then getting paid 10-15x the going rate to produce power. A $20,000 investment today will be paid off in about 12 years. After that, passive income until the Lord calls my name and brings me home…where there will be unlimited electricity.
And as an extra bonus – because we rich folk needs extra bonuses more than the poor (it’s scientifically proven) – the FIT rate is locked in for 20 years. I believe the sound you hear is one of a cash register ching, ching, chinging along.
So that’s it for FIT, I believe we can all agree that saving the rich money at the expense of everyone else is a fantastic idea.
And then we have the HST that screws everyone for an extra 8%.
Pay it. Pay it and smile. Without it, the provincial government might not be able to offer a vegetarian alternative at the free breakfast program in our publically funded schools.
And btw – the gst you use to pay on retiring Ontario Hydro’s debt? Yaaaaaa, well, you’ll be paying hst on that now.
Have a good nights sleep.
Yesterday, Ontario Premier Dalton McGuinty announced an $8 billion plan to create renewable energy, and with that plan he announced electricity prices will rise once again:
People can expect an additional $5 per month on their hydro bills by 2012 – the latest in a series of incremental increases to taxpayers’ electricity rates.
Still, Premier Dalton McGuinty said it’s a small price to pay for clean power and the creation of thousands of jobs.
“We’re talking about an increase of one per cent, maybe $5 a month,” McGuinty said after announcing several local clean-energy projects in Cornwall, Ont.
A small price indeed. Only $5 a month. Only $60 a year to create jobs that won’t be for you.
And how many jobs will be created?
…creating about 16,000 jobs – including 1,440 permanent ones.
What’s that work out to, $5 million a job? And 90% of those jobs will be temporary. That’s a really good deal.
Getting back to the paltry electricity increase Ontario consumers will be saddled with, let’s look at a few other increased McGuinty believe the people of Ontario actually enjoy paying:
Two weeks ago, the government quietly introduced a new charge to help cover $53 million of the Liberals’ conservation and green-energy program, which is expected to add about $4 a year to the average electricity bill.
A few days later, Ontario Power Generation said it was applying to increase its rates by 9.6 per cent starting next January. That would add about $2.75 to the average monthly electricity bill – all on top of the extra eight per cent consumers will have to pay when the 13 per cent HST takes effect in July.
The $5 extra a month attached to Thursday’s announcement would be in addition to those increases.
So really that’s more like $8 + an additional $14 per family once the HST (the addition of the provincial tax) kicks in in July. A measly $22 EXTRA for every family in Ontario that uses electricity. Add the “debt retirement charge” every family pays (that’s the charge we get every month to pay off the OPG debt) of approx. $12 per family, plus a $11 regulatory charge, and the GST of about $9 for the average household, and you’ve got about $55 in charges and taxes.
But that’s small potatoes for a guy like McGuinty. I mean, what’s an extra $5 a month when you were already getting railroaded with an extra $50 to start with. You won’t even notice it. It’s like a bag a milk a month. It’s like 8 Snicker’s bars.
$55 in charges and taxes a month, an $8 billion project that creates $5 million dollar jobs, all to create expensive “clean power” that will halt non-existent global warming.
What a deal! What a Premier! What a province! What a headache I have!