Riverdale Rink Rat
Senior Member
That's from the Auditor, not from opposition politicians.
Of course there are some who think the Auditor does not understand the electricity system because it is too complex for a woman.
I think the Auditor understands the electricity system as well as she understands all other financial accounts. Otherwise, she wouldn't be the Auditor General. But the $100bn figure is a projection. No one has actually paid that cash, so none of those dollars have been 'wasted' yet. And, when we pay our overpriced electricity bills 10 years from now (assuming no changes to the contracts), it won't be coming out of general government revenue, but rather your pocket. So, it's not government 'waste' in the classic sense of the term, right? Last, assuming Samsung and whoever else actually builds the solar/wind projects to last, the end of the contract will see a huge shift in Ontario power sources and, we can assume, some serious relief on power prices at that point.
It's a bad long-term fixed price contract in an industry that doesn't need that incentive anymore (and arguably didn't need it at the time it was signed), but the cancelling of the Oakville gas plant for naked political purposes was a scandal. This is just higher power prices than you'd otherwise pay. Meh.