Ontario government shifts today’s electricity bills (plus interest) onto future consumers

Ontarians have seen their electricity bills skyrocket in recent years. From 2010 to 2016, the average monthly electricity bill for Toronto residents increased by more than 50 per cent, granting Torontonians the distinction of having some of the highest electricity bills in Canada.And yet, instead of addressing the underlying policy failures contributing to the growth in prices, the Ontario government is creating a new “financing entity” overseen by Ontario Power Generation to part of today’s electricity bills. The kicker is that the province will then force future consumers to pay the debt back—plus interest.Specifically, the government plans to take on

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