Ontario Suspends Renewables
Ontario Suspends Renewables
Is the province of Ontario's decision to suspend procurement of wind and solar energy an "about face...in a disastrous green energy program" or simply a pause for retooling? Only time will tell.
The province has attempted to put a bright spin on the move by declaring that the cancellation is “expected to save $3.8 billion in electricity system costs,” thereby saving a typical residential consumer “an average of approximately $2.45 per month.”
"Only a government can get away with declaring a saving for consumers by not spending on projects that are not needed," notes Terence Corcoran of Canada's Financial Post.
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