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Wind, solar power to lead to sky-high electricity rates for Ontario

Published by Steve Coleman on October 17, 2011

Ontarians can look forward to paying some of the highest electricity costs in the developed world, according to a new study.

Predictions say the cost of keeping Ontario powered with solar and wind energy will be about 40 per cent higher than provincial government estimates.

According to the study, electricity bills will ride as much as 65 per cent by 2015 and 141 per cent by 2030. Current government predictions say bills will rise 46 per cent by 2015 and 100 per cent by 2030.

The study was co-authored by University of Guelph professor Glenn Fox who says Ontario will become a less-competitive place to do business because of it. The higher rates also pose the very real possibility of make life difficult for low-income households.

As a part of the study, the authors also say the 50,000 new green energy jobs promised by the Liberals will require ratepayers to subsidize each of them to the tune of $200,000 a year.

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