Ontario’s Liberals have completely broken the electricity system – Editorial (Globe and Mail – December 3, 2015)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

In politics, as we wrote Wednesday, people get upset about the little things. Remember Bev Oda’s $16 glass of orange juice?

In the context of a 12-figure federal budget, or ministerial trips justifiably running into the tens of thousands of dollars, some overpriced OJ hardly mattered.

And yet it galled. Small misdeeds are relatable. A big, complicated and massively costly government screw-up, in contrast, sometimes leaves people cold.

Let’s see if this warms you up. On Wednesday, Ontario’s Auditor-General announced that, between 2006 and 2014, thanks to incompetence and mismanagement on the part of the province’s Liberal government, Ontarians overpaid for electricity to the tune of $37-billion. And over the next 18 years, consumers will be overpaying to the tune of another $133-billion.

Let’s try to put those numbers in context. Electricity overpriced by $170-billion is equivalent to $12,326 in excess costs for every man, woman and child in Ontario. Over 27 years, that averages out to $457 per person, per year.

For the rest of this editorial, click here: http://www.theglobeandmail.com/globe-debate/editorials/ontarios-liberals-have-completely-broken-the-electricity-system/article27571292/

Comments are closed.