You may still be reeling from your last hydro bill, but some relief may be on the way.
The Provincial Liberals are planning to address rising rates in the Throne Speech Monday, when the legislature resumes sitting.
Premier Kathleen Wynne prorogued the legislature last week, a day after admitting rising hydro bills are an urgent issue.
Finance Minister Charles Sousa has insisted the government recognizes it needs to “mitigate the cost for everyday Ontarians.”
As for why bills have skyrocketed, Sousa has indicated it’s due to the Liberals heavy investment in much-needed transmission grid upgrades, as well as Ontario no longer burning coal to generate power.
The Liberals have maintained the Ontario Energy Board sets rates, not Hydro One, and that the sale of 60% of the utility will result in a more efficient company, not higher prices for consumers.
The Opposition parties disagree, and are pushing for the province to stop selling any more shares of Hydro One.