Today’s high electricity prices are largely the result of policy choices including big subsidies for green energy producers.
Affordable energy is to the economy what oxygen is to the human body.
Ontario’s approach to electricity policy has driven up prices for businesses and residents, undermining competitiveness.
The Ontario Chamber of Commerce this week released the findings of an unprecedented consultation with its members and the results are painfully clear: soaring electricity prices are killing business in Ontario.
Murray Smith, a former Alberta cabinet minister in the Ralph Klein government, the one that privatized government liquor stores and licence registries in 1993, once told me about a side benefit of such divestments (and I paraphrase): fewer distractions, which led to more focused government.
Since taking office in mid-September, Alberta’s new Premier Jim Prentice has talked an active game on the energy file. From the perspective of those who believe that Canada’s energy exports are vital to the country’s economic health, many of his comments seem positive. But there is one area where Mr. Prentice’s energy-policy comments are troubling.