The $4,000 electricity bill

"The Ontario Green Act promised to create 50,000 jobs. Our study concludes that each of those jobs will require a ratepayer subsidy of $200,000 annually, which effectively means that — as the LTEP reaches fruition — $10-billion will be extracted from ratepayers each year.



For the average ratepayer, an annual electricity bill will escalate from $1,700 per year to $2,800 by 2015 and by the time the renewables envisaged in the LTEP are largely in place (expected in 2018) an average ratepayer will be paying in excess of $4,000 annually — well over a doubling. Put another way Ontario’s ratepayers will be paying in excess of 40¢ per kWh, placing them on a par with Denmark, which suffers the highest cost of electricity in the developed world."

http://opinion.financialpost.com/2011/10/04/ontarios-power-trip-the-4000-electricity-bill/