In the fall of 2016, Ontario and Quebec entered into an electricity trade agreement with the purported goal of expanded interprovincial trade and collaboration and to generate savings for ratepayers.
It didn’t quite work out that way.
While the public details on the deal are slim, the energy portion of this deal will increase electricity costs to Ontarians, not decrease them, at a time when Ontario ratepayers have been promised rate relief by their government.
This deal is causing Ontario to pay a premium when, alternatively, the Ontario electricity markets and carbon pricing, if left alone, would achieve the same results at a lower cost.
