A $billion here…..a $billion there………..so why aren’t Ontarians upset their Premier is “selling them down the river”?

Posted: December 3, 2013 in Uncategorized

Well, maybe they are but the way the Government of Ontario has legislated their theft of tax-payers dollars and electrical consumers monies there ain’t a damn thing they can do about it short of literally dragging the plunderers physically out of their chairs inside Queen’ Park.

Never in the history of Ontario has a citizenry been so badly robbed and cheated out of their hard earned dollars as they have during this McGuinty/Wynne’s “reign of terror”!

And we thought Mike Harris was corrupt!

$1.2 billion on the gas plant scandal has caused massive coverage by mainstream media and has been labelled an OUTRAGE.

Yet, when we find out that another $1.2 billion has been lost due to Ontario’s fake energy plan whicvh embraces “Green Energy” hardly a peep appears in print.

Up until now. Parker Gallant has written a brief and damning report explaining how badly abused Ontario electrical consumers have been treated by this disgusting band of bandits all the while telling Ontario to “suck it up”………..get used to it….and cut back usage if you don’t like it!

Many countries have literally dragged their leaders physically out of offices for less!

Ontario’s Power Trip: Province lost $1.2-billion this year exporting power

Parker Gallant | 02/12/13

As a starting point, Ontario Energy Minister Bob Chiarelli needs a bolt of financial literacy if he believes not spending an extra $20-billion actually saves the system anything.

As a starting point, Ontario Energy Minister Bob Chiarelli needs a bolt of financial literacy if he believes not spending an extra $20-billion actually saves the system anything. THE CANADIAN PRESS/Matthew Sherwood

That’s a cost $250 for every average ratepayer

Ontario Energy Minister Bob Chiarelli keeps spinning on his province’s energy mess. “Looking to the future,” he told a local newspaper, “we expect that [electricity] rates will continue to increase but we’ve taken very significant steps to mitigate those rate increases.” To support his claim, Mr. Chiarelli says that the province has deferred an investment in new nuclear power, renegotiated a Samsung power deal and brought in new controls on wind power that combined will save the system $20-billion.

As a starting point, this minister needs a bolt of financial literacy if he believes not spending an extra $20-billion actually saves the system anything.

The fact is that Ontario consumers and industry will not see any relief in their power bills. Nothing brings that point home more than an examination of how much electricity Ontario exports, mostly to the United States, and what those exports cost ratepayers.

The Independent Electricity System Operator (IESO) produces a daily, weekly and monthly report referred to on their website as “Market Summaries.” From these reports one is able to discern considerably more information than the recently launched emPOWERme website that Chiarelli announced with much fanfare just last week. The emPOWERme site seems aimed at eight or nine year olds who aren’t involved in paying the hydro bills. By contrast, the IESO site is aimed at providing information that enables “energy literate” ratepayers to really understand what is driving up their bills.

The IESO reports are particularly helpful as they disclose extensive information on the provincial power markets, including the average hourly Ontario energy price (HOEP), average daily consumption levels, average exports, and the final all-in price per kilowatt (kWh) hour, along with adjustments made by the Ontario Energy Board (OEB).

The news is not good. For the first 10 months of 2013, Ontario exported 14,983,776 MWh (enough to power almost 1.6 million average Ontario homes for a full year). Revenue from those exports totaled $381-million. Average price for the exports works out to 2.54 cents per kWh.

READ MORE HERE:

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s