For the past 14 years, the Liberal Party in Ontario has been utterly destroying my province. I have never seen a Premier of Ontario do so much to try to bribe Ontario residents to vote for her. Whether it is providing more money to people on social assistance, or raising the minimum wage to $15. She is desperate, and so she also lowered the Electricity Bills by 25%, for the extremely high amount of 25.5 cents per Kilowatt hour. And she lied about the cost it will have on the Ontario economy. Living in Ontario has been hard because the Liberals have entirely mismanaged my province. There has never been a time in recent memory that the Ontario government wasn’t in some financial or political scandal. Now they have to face the consequences on how they have almost destroyed my province.
The way the Ontario Liberal government is cutting hydro bills by 25 per cent purposely obscures the true financial impact of the measure to avoid showing a deficit on the province’s books, the auditor general said Tuesday.
Bonnie Lysyk estimated in a special report that the plan’s total cost will be $39.4 billion over 30 years, but the accounting the government is using means Ontario’s net debt – currently at about $312 billion – and future deficits won’t reflect that.
Wow, do you see the cost of this to the taxpayers in the end? Almost $40 billion. Man, when I hear about that number, as a family who struggles to stay on top of bills only on my fiancé’s disability pension, I understand how this is going to cost the Ontario government over 1/8 of its current debt, just to bribe Ontario residents to vote for her. Heck, I wish I just go more into debt to enjoy the good life. Let’s put a $3000 TV on a credit card. And let’s get that Surface Laptop that cost $4000 as well. Fuck yeah. Let’s go into massive debt just to live the good life. I’m sorry Kathleen, but this is bullshit. And it’s hilarious; you’d figure Ontario is using all new highs on electricity when you hear these numbers. LOL!
The reality, the average Ontario household is exceeding the Kyoto Protocols. Nobody reports this in the media. The Kyoto protocol set the target for CO2 for 1990 levels. If Ontario is using 25% less electricity now than in 1990, isn’t Ontario far exceeding the Kyoto Protocol? Why has the price of electricity, if all pricing is based on supply and demand, going up so much. I would assume we are producing the same amount of power as we were doing in 1990, or close to it. If we are now using 25% less electricity, that means the demand for electricity should be driving the prices down, because fewer people are using it.
You have to wonder, why are the prices going up so much in Ontario. Well, you’d have to go back in history, about how the liberals mismanaged so many projects to cost Ontario billions of dollars in failed energy investment, starting with Dalton McDouchebag.
Ontario’s former top bureaucrat says he tried but failed to persuade former premier Dalton McGuinty’s chief of staff that the government had a legal obligation to disclose documents related to the controversial cancellation of two gas-fired power plants.
Peter Wallace, secretary of cabinet at the time, testified in court at Toronto’s Old City Hall on Monday about the “tense conversation” he had with David Livingston during a meeting in August, 2012, where Mr. Wallace told Mr. Livingston he is “acutely worried” that the Premier’s Office has not complied with a legally binding order to hand over documents in connection with the power plants.
“I don’t think he found the conversation particularly useful,” Mr. Wallace testified. He said Mr. Livingston dismissed his concerns as “political bullshit.”
While the government says those gas plants cancellation only cost the taxpayer about $230 million; these sneaky bastards cost the taxpayer $950 million, another lie found by the Ontario Auditor General. I’m glad we have an excellent auditor general, who is exposing all the dirty secrets of McDouchebag and Wynne.
Ontario’s electricity price tags are the highest in the country. I expect that much of this electricity reduction is how expensive the electricty costs in Ontario. I will only take cold showers, even in the winter. Sure, one part is because I like them, but that electricity saving thought is in the back of my mind as well. How many Ontario residents are also looking for ways to reduce their electricity use? And how much of the drop is the introduction of energy-wise appliances as well? We are winning the battle over climate change. So it astounds me that Ontario’s electricity bills are so high, with ‘delivery fees’ beyond how much it costs for the electricity. What the hell is a ‘delivery fee’?
So, let’s get back to Kathleen, shall we?
“It is clear to us that the government’s intention in creating the accounting/financing design to handle the costs of the electricity rate reduction was to avoid affecting its fiscal plan” Lysyk wrote in her report.
According to energy analyst Tom Adams, the Wynne government is deliberately scamming the people of Ontario. In the interview below, he tells Pam Seatle they’re tricking the people with accounting fraud.
Yeah, Kathleen Wynne is a fraud. Her government is a fraud. I wish Tim Hudak wasn’t the leader of the Progressive Conservatives during the last election. Wynne’s election was more about how much people didn’t like him, and his if we fire 100,000 people in the public sector, we can make 1,000,000 jobs, the Conservative party could have won, and we could have seen some real change. Hudak was just not right for Ontario, and then we got someone much worse, Kathleen Wynne.
The electricity prices in Ontario are out of control, and we need someone with a clear vision for Ontario to work things out. When the demand for Ontario power is at all-time lows, we shouldn’t have the highest prices in the country. We need someone who can sort this mess out so that Ontario’s prices reflect how good Ontario has been in reducing its dependence on electricity. We deserve a reward for this fantastic effort. Maybe Patrick Brown will help, but I am not sure how conservative he is. I’m still not going to vote for Kathleen Wynne, so Patrick Brown has my vote for now.
The hydro plan lowers time-of-use rates by removing from bills a portion of the global adjustment – a charge consumers pay for above-market rates to power producers – for the next ten years.
In the meantime, producers will continue being paid the same, so Ontario Power Generation has been tapped to oversee the debt used to pay that difference through a new entity called OPG Trust.
So basically, Ontario Hydro will be operating on a deficit for the next three decades, and slowly, but surely, our rates will increase and go up even higher. The mismanagement of Ontario will be the only legacy the Liberals will have. They don’t have a clear vision, and they back down to immediate concerns instead of looking at long-range goals. That lack of long-term solutions is why residents of Ontario are suffering the most when it comes to their electricity bills. In 20 years, we’ll probably be paying 30-40 cents per Kilowatt hour for electricity. Thanks, Wynne. By bribing us, we are going to get screwed. I guess we will find all new ways to reduce our electric bills.
I think the only thing Kathleen Wynne has done for the province of Ontario is help innovation. Not because she’s committed to it, but when you bring such a great need, like Ontario paying at least 25% higher electricity bills than the next highest province in Canada, people want to innovate. People want to upgrade. People want to manage their electricity better. Like I said, much of the 25% lowering of how much an average household was using is those high prices. We don’t want to be so overwhelmed by electric bills that we can’t pay our other bills.
The end result of the “needlessly complex” financing structure is that the province’s bottom line won’t be affected, Lysyk said.
The cost of paying back that debt with interest will then go back onto ratepayers’ bills for the following 20 years, and Lysyk estimated the cost will be $18.4 billion borrowed to cover the shortfall, and $21 billion in accumulated interest.
Ontario’s financial watchdog has said the plan means hydro customers will be paying a net $21 billion over the next three decades to get short-term savings.
Kathleen Wynne is awesome. Can you imagine a political leader who mismanaged a province who is using less electricity than they were using in the 1990s that will cost the average citizen $39.4 billion in 20 years? The Liberals mismanagement shows how utterly incompetent they are.
Thanks for reading guys, and have a fantastic day!
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