" This report examines the Province’s nine energy and electricity subsidy programs, estimates the cost of theprograms over 20 years, and reviews how the programs affect the electricity bills of Ontario householdsand businesses. The report also identifies changes to the subsidy programs since the introduction of theFair Hydro Plan in 2017 and estimates the cost of those changes. Finally, the report discusses how theProvince plans to achieve its commitment to lower electricity bills by 12 per cent. "
https://www.fao-on.org/web/default/files/publications/FA1907%20Electricity%20Sector%20Review/Ontario%27s%20Energy%20and%20Electricity%20Subsidy%20Programs-EN.pdfPull the plug on nuclear subsidies
The $970 million just announced by federal natural resources minister Jonathan Wilkinson to build a new reactor at the Darlington nuclear site near Toronto is just the latest nuclear industry assault on the public purse.
This is the largest sum ever provided by the Canada Infrastructure Bank (CIB) for an energy project. Minister Wilkinson characterized it as a low-interest loan, but refused to provide any details on the interest rate or terms of repayment.
Judging by the performance of other nuclear projects, Canadian taxpayers could wait a long time to see any return on their “investment.” As noted in the 2022 World Nuclear Industry Status Report, “experience shows that simply having an order for a reactor, or even having a nuclear plant at an advanced stage of construction, is no guarantee of ultimate grid connection and power production.”
https://rabble.ca/columnists/pull-the-plug-on-nuclear-subsidies/Government of Canada Announces $50 million for Ontario’s Expansion of Clean, Reliable and Affordable Nuclear Energy
https://www.canada.ca/en/natural-resources-canada/news/2024/02/government-of-canada-announces-50-million-for-ontarios-expansion-of-clean-reliable-and-affordable-nuclear-energy.html
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