A long-term energy vision: Why Keeping the Green Energy Act is crucial for Ontario
What will your electricity bill look like in the next 5-10 years? How much more will you be paying? The answer to these questions comes in a recent report by our friends at the Pembina Institute. Higher costs are almost inevitable, but “investing in renewable energy today is likely to save Ontario ratepayers money within the next 15 years, as natural gas becomes more expensive and as the cost of renewable energy technology continues to decrease.”
Julia Kilpatrick with Pembina writes, "The one thing that has been left out of the discussion so far is what would replace the supply of energy from renewables if the Green Energy Act were eliminated. We set out to fill that information gap in this report — and found that, with fewer renewable sources in play, electricity prices would continue to rise, but Ontario would be building a lot more natural gas to keep pace with demand."
To read the report on Ontario electricity options go to: Behind the switch: pricing Ontario electricity options.
You can also read the media release here: http://www.pembina.org/media-release/2237