The linked Global News story more or less states the obvious for anyone paying attention to the awful cost of hydro electric power in Ontario. It says the Liberal government, stinging from a byelection loss and huge arrears in unpaid power bills by consumers, is unable to do anything about this festering political issue. The reason is the well-known, long-term determination of the government to re-make hydro generation in a greener form by signing long-term agreements with power generators — or would-be power generators. Economist Brady Yauch told Global: “Over the long term, the province can stop giving new contracts. It can stop contracting for more capacity, it can be potentially more aggressive with some of the utilities through the OEB, or hopes the OEB is more aggressive with utilities. But you can’t suddenly just erase 10 years of policy to suddenly lower rates.” Global News
