OPG is profiting off you
Yesterday Ontario Power Generation announced that its profits rose by $400 million last year. But it failed to highlight how this profit came about.
In December 2017, the Ontario Energy Board (OEB) retroactively approved OPG’s application to raise the price it is paid for nuclear power from 7 cents per kWh to 8.1 cents per kWh – a 15% rate increase.
In addition, according to OPG, a further doubling of its nuclear rate, to 16.5 cents per kWh by 2025, will be required to pay for the re-building of its Darlington Nuclear Station.
While OPG’s rates steadily climb, Premier Wynne continues to turn a deaf ear to Hydro Quebec’s offer to sell us a 20 year supply of clean and safe water power at a price of only 5 cents per kWh.
This is no way to keep electricity costs under control.
Please pass this message on to your friends.
Angela Bischoff, Director