Why do Ontarians still pay a ‘Debt Retirement Charge’ on electricity bills?

By -
Power and water bills have become maddeningly expensive in Ontario- one of our staff writer's bill for this month is almost 250$- for a small 2 bedroom basement apartment. Consumers are slow to voice their concerns in Ontario but things are changing- CP

Power and water bills have become maddeningly expensive in Ontario- one of our staff writer’s bill for this month is almost 250$- for a small 2 bedroom basement apartment. Consumers are slow to voice their concerns in Ontario but things are changing- CP

 

QUEEN’S PARK – Haldimand-Norfolk MPP Toby Barrett is questioning government accounting after it was announced the Debt Retirement Charge on electricity bills will be extended another year.

It’s estimated the extension will mean Ontarians are paying an extra $3 billion for electricity. Barrett maintained the debt was paid off  and therefore the Debt Retirement Charge should have been eliminated. He questioned why this government has made this charge a moving target.

“Shortly before the last election, the Liberals delayed the date to 2015 without explanation,” Barrett said. “Now with another election looming, they’re kicking it out to 2016.”

Opposition Finance Critic Vic Fedeli has been investigating the extra line on electricity bills Ontario residents have come to despise. He found the Liberals mysteriously increased the stranded debt to $11.9 billion in 2004, without explanation. The stranded debt from Ontario Hydro was $7.8 billion.

“We already have some of the highest electricity rates in North America,” he said. “Is the additional debt retirement fee being disguised as funding to pay for the misguided Green Energy Act? These high electricity rates hurt homeowners and discourage investment.” For more information contact MPP Toby Barrett at 519-428-0446 Please mention the Silo when contacting.

Supplemental- Have an outrageous hydro/water bill? We want to hear from you- comment below or send us a scan (please remove all personal information and address info) of your bill- contentproducer@thesilo.ca

Leave a Reply

Your email address will not be published.