Why is electricity so expensive in Ontario? A substantial amount of what you pay goes toward the overpaid bureaucrats. At least 148 make more than a quarter million dollars per year and 12,500 who make more than $100,000 a whopping 77.5% of Ontario Power Generation employees according to the Globe and Mail,
During the past 8 years the cost of hydro in Ontario has increased by 140%, hurting consumers and crippling businesses. In the past 7 years NOTHING has risen faster than electricity prices.
Take it in because it's the last list you will see. Since the governent sold off 15% of Hydro One in 2015 Hydro One salaries are no longer required to be published.
Ontario exports power to NY, MI and Quebec at the Hourly Ontario Electricity Price (HOEP) of $15.31/megawatt hour (MWh) or 1.53 cents per kilowatt hour (kWh). For 10.6 TWh we get paid approximately $30M however it cost us $250M to produce that much electricity so rather than providing lower cost excess power to our own manufacturers and consumers the the provincial ratepayers subsidize this sale to the tune of $250M.
In the private sector this would be a "Going out of Business" SALE!
As far as I know Niagara Falls is still flowing at the same rate it did 10, 20 even 100 years ago!
I am a concerned Canadian that is fed up seeing companies and people leave Canada due to the high cost of doing business and living.