Soaring hydro costs are like buying a new car
Ontario’s electricity system is undergoing a major transformation. Much of the electricity transmission infrastructure is old and in need of refurbishing, most of the nuclear capacity is nearing the end its lifetime, and Ontario has made a laudable commitment to shut down its coal-fire.
It is easy (and overly simplistic) to blame the Green Energy Act for higher electricity prices, as writer Andy Frame did in his article on this page Jan. 26. The truth is that electricity prices are increasing all across North America, largely due to the simple fact that we are building new power plants and relying less on those built decades ago.