Ontarians should brace for shocks from electricity market
Lower rates for residential and business customers may not even be the primary objective of the revamp and partial privatization of Hydro One. The main driver is raising cash to help fund Ms. Wynne’s plan for new transit lines in the province.
Squeezing Hydro One and OPG for cash is tempting. The provincial government continues to run a large deficit, and can’t afford the infrastructure it needs, and wants.
But it’s a diversion from what’s really wrong in Ontario’s electricity market.
https://www.theglobeandmail.com/report-on-business/ontarians-should-brace-for-shocks-from-electricity-market-changes/article23800270/