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Cryptocurrency investors eye provinces with low electricity rates
Recent media reports suggest lower power costs in some provinces could make Canada an attractive destination for bitcoin miners to run their power-hungry operations, with a Chinese firm already considering establishing a bitcoin ...
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Ontario’s flawed electricity system subsidizes neighbouring jurisdictions
A recent study by the Ontario Society of Professional Engineers (OSPE) found that cheap exports of surplus clean electricity—nuclear, solar, wind and hydro—could have cost Ontario up to $1.25 billion over 21 months. The study states that ...
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Ontario’s auditor general calls out Wynne government over ‘Fair Hydro Plan’ accounting
The Office of the Auditor General of Ontario this week released a special report titled “The Fair Hydro Plan: Concerns About Fiscal Transparency, Accountability, and Value for Money.” It’s somewhat dry reading, but a key message comes ...
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Obstacles to business investment in Ontario—high electricity prices
Ontario’s recent economic growth is masking a troubling slump in business investment in the province, according to a study released by the Fraser Institute this week. Despite a booming housing market, the province suffers from weak ...