Ontario home energy costs relatively competitive, budget watchdog says - News Summed Up

Ontario home energy costs relatively competitive, budget watchdog says


“Ontario home energy costs are higher than in Quebec, Manitoba, and British Columbia, but lower than in Atlantic Canada and Alberta,” the Financial Accountability Office announced Thursday. “The share of after-tax income spent by Ontarians on home energy costs is similar to shares in Quebec and Manitoba, significantly less than in Atlantic Canada, but higher than in Alberta and British Columbia,” the FAO said. The FAO pointed out that Ontario home energy costs jumped a total of $295 between 2010 and 2014 — a 14 per cent increase. “While the report notes that energy prices are increasing across Canada, Ontarians have seen energy costs increase at a pace consistent with other provinces, and at a slower rate than Quebec and most of Atlantic Canada,” he said. “By far and away the biggest issue in the minds of northern Ontarians (is) sky-high electricity rates,” Brown said in a statement Thursday.


Source: thestar August 25, 2016 22:08 UTC



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