Over the past months the Ford government has taken two good steps to avoid future electricity price increases in Ontario, by:
This ensures that the government will not make new commitments for unneeded high-priced power.
But as we all know, Ontario’s electricity prices are already too high, and experts have advised that the government can and should take further action.
For example, this Toronto Sun article (local copy here) notes that the Ford government needs to continue “curtailing the damage of some of the worst Liberal policies” and address “unnecessarily high electricity costs”. The article cites this Fraser Institute report and reports of these cancellations that “while these moves will prevent some future electricity price increases, they would not actually undo the past price increases.”
The Fraser Institute Report advises the government should “cancel funding commitments under the FIT contracts” and another step would be “reducing payments to the relatively new small-scale hydroelectric plants”.
The Ford government has the power and justification to fulfill their election promises, we await their taking action to do so.