Today it became public that Hydro One has asked the Ontario Energy Board for permission to raise the cost of distribution to all Ontario customers an average of 9.5% in 2010 and 13.3% in 2011 to cover $266 million dollars in costs relating to their four year Green Energy Plan for 2010 to 2014. By 2011 the impact of this $266 million will be an average increase of 24.3% over two years on the delivery portion of every Ontarian’s hydro bill. Because each public utility is a customer of Hydro One, it doesn’t matter who sells you your electricity – this impacts you.
In February 2009, George Smitherman told Ontarians that the cost to implement the five billion dollars of investment Ontario is expected to make in renewable energy as part of the Green Energy Act would result in an annual increase of approximately 1% per year on the average hydro bill.
h/t to Kate.
