Ontario’s Energy System Needs to Break Free from “Ministerial Meddling:” C.D. Howe Report
(Queen’s Park)— Today, Lisa Thompson, MPP (Huron-Bruce) questioned the Minister of Energy on last week’s report from the C.D. Howe Institute on the state of Ontario’s energy system, saying Ontario’s power sector needs a major transformation and to be set free from ministerial meddling.
The report said, “The province has an electricity oversupply, a mismatch between generator capabilities and supply needs, rising prices for final consumers and a lack of transparency, along with a record of volatile, often contradictory policies. Ontario’s approach to power sector investment and planning is inefficient, expensive and unsustainable.”
“Here we go, another report that does not side with the Liberal’s misguided energy plan,” said Thompson. “The report says we need to redesign the energy system to incorporate market signals to attract long-term low cost generation sources—which is exactly what the PC’s have been saying.”
The report noted that Ontario’s energy prices have spiked over the last few years, mainly because of the subsidization of renewable energy within the Green Energy Act. The report projects that ratepayers will be required to pay over $370 million/year to cover FIT contacts. It also revealed that provisions of the Green Energy Act and an incredible 66 ministerial directives have overridden the much-touted Long-Term Energy Plan.
“This report backs up everything that the PC’s have been saying since the Green Energy Act was introduced,” said Thompson. “It’s these on-the-fly policies and directives issued by the Liberal government that are causing instability in the market, energy rates to skyrocket, and investors to reconsider Ontario as their home.”
The report also said that “the government is using the electricity sector to support a range of shifting policy objectives, including job creation, sector- specific economic growth and emissions reduction, without credible examination of whether burdening the electricity ratepayer with the cost of such initiatives is economically efficient.”
“The PC Plan will stop the failed social experiments, like the Green Energy Act, and ensure energy is a key plank in Ontario’s economic growth,” said Thompson.