Yes, you read the headline properly! Not $37 million… $37 BILLION!
That’s according to a report released Wednesday by the Ontario auditor general’s office, which looked at the provincial government’s energy contracts, green energy plans, job creation programs, the status of long-term care, and Children’s Aid, among other issues.
Bonnie Lysyk found that the Ontario Power Authority’s 20-year technical plan, which was updated every three years and reviewed by the Ontario Energy Board, would have offered protection to consumers.
“Instead of following the legislated process, the Ministry of Energy itself effectively assumed responsibility for electricity planning,” she said.
The ministry issued policy plans and 93 directives that the auditor said “did not fully consider the state of the electricity market, did not take long-term effects fully into account,” and sometimes went against the OPA’s advice.
Lysyk pointed out that home and business hydro costs shot up 70% between 2006 and 2014.
The Green Energy Act is driving up those rates.
Ontario’s guaranteed prices for wind power generators are DOUBLE the U.S. average, and solar power rates are three-and-a-half times HIGHER than those down south!
These unreasonably high prices have cost you and me, the consumers, an unnecessary $37 billion, and is expected to cost us another $133 billion by 2032!
The report also criticizes Hydro One for failing to replace technology that has exceeded their service life (despite the fact that the government has been pulling in billions of extra dollars over the last few years)
Global News has the report HERE.
Are you surprised by the findings in this report? What can taxpayers do to stop this from happening? Would you vote Liberal again if a provincial election was held right now?