Ontario Giving Away Billions of Dollars in Energy
QUEEN’S PARK – Today, Leader of the Official Opposition Patrick Brown asked the Premier why her Liberal Government is selling energy to competing jurisdictions, resulting in billions of dollars in losses to Ontario ratepayers and taxpayers.
“Let’s pose this question I found on a Liberal math test. If you pay 8.55 cents a kilowatt hour to produce energy in Ontario, and you sell that energy for 2.65 cents a kilowatt hour to New York, Minnesota, Manitoba, and Quebec, how much profit does Ontario make?” said Brown.
In both 2013 and 2014, Ontario gave away $1.2-billion worth of energy to neighbouring states and in 2015 an additional $1.1-billion. In total that represents more than $3-billion over the last 3 years.
“We are paying huge money for energy that Ontario will never use. We are giving energy away, costing the people of Ontario billions of dollars,” said Brown. “We need the Premier to stand up and take time away from her other job as Minister of Economic Development for Pennsylvania.”
“Will the Premier show some real leadership? Will she promise Ontario that she will stop signing these ludicrous contracts?” Brown asked.