…$245 million was added to the electricity bills of residential and small business ratepayers…#11

Elizabeth Marshall

They’re all the same and they’re all to blame…time for Something Different and Something Way Better for the people who pay for electricity in Ontario…the Trillium Party of Ontario! Please share…

They’re all the same and they’re all to blame…time for Something Different and Something Way Better for the people who pay for electricity in Ontario…the Trillium Party of Ontario! Please share – your voice is our voice…

“We think this accounting is bogus,” Ms. Lysyk told the committee.

“The government has been expanding the Industrial Conservation Initiative (ICI). …The Industrial Conservation Initiative (ICI) allows eligible large industrial ratepayers reductions in the amount of global adjustment they are charged monthly. …The OEB Panel reported on the impact of the Industrial Conservation Initiative (ICI) shortly after it was launched in January 2011.
Electricity prices for 65 large industrial ratepayers decreased by about 13%. In the first 10 months of the Industrial Conservation Initiative (ICI), their global adjustment charge was reduced by about $245 million.

This $245 million was added to the electricity bills of residential and small business ratepayers. Since the initial launch, the Industrial Conservation Initiative (ICI) was further expanded three times, shifting a significant amount of the global adjustment charge from large industrial ratepayers to residential and small-business ratepayers.

The decrease in the global adjustment charges to Industrial Conservation Initiative (ICI) participants has been, and will continue to be, shifted to residential and small-business ratepayers, increasing their electricity charges. For example, since the ICI was launched in January 2011, electricity charges for residential and small-business ratepayers have almost doubled from about 7 cents per kilowatt hour (cents/kWh) to 12 cents/kWh, while electricity charges for large industrial ratepayers have decreased from about 7 cents/kWh to about 6 cents/ kWh as of June 2017.” Auditor General Report, 2017 – Chapter 3 Section 3.06 Chapter 3 • Section 3.06 327 Ministry of Energy Independent Electricity System Operator— Market Oversight and Cybersecurity, p. 330

AND it never ceases to amaze me how the New-Demo-Progressive-Con-Liberal Party’s representatives can even look themselves in the mirror in the morning when you start finding all of these things out…seriously…isn’t it time for the truth, the law, democracy and your voice to be brought back to Queen’s Park…?