TORONTO, Nov. 30 /CNW/ -
What: Ontario Power Generation's (OPG) anticipated application for a
rate increase on energy from its regulated nuclear and
hydroelectric facilities is an essential step toward setting the
Ontario energy market right.
At present, Ontarians pay less than market value for the
electricity they use in their homes and businesses. Unfortunately,
these low prices come with a high cost. OPG is not taking in enough
revenue to phase out dirty coal-fired power plants, or to invest in
the stability of our electricity supply so we can remain confident
that the lights will come on every time we flip the switch.
Energy prices that reflect market value are essential to provide
clean, stable, secure and long-term power in Ontario. But instead,
Ontario's pricing regime is an impediment to security of supply and
to meaningful conservation efforts.
Prices that more accurately reflect the market value of power -
including the cost to mitigate the environmental effects of
producing and using power - are an essential step toward getting to
a rational, market-based energy marketplace in Ontario.
While Direct Energy wholly supports subsidizing low-income
households through funded conservation programs to help reduce
consumption, perhaps it is time to end Ontario's reliance on
subsidized energy. The answer is not to artificially subsidize the
cost of energy today, or to defer the burden to our children to
deal with in the future; it's about reducing consumption to save
money and the environment.
Who: Clinton Roeder, Senior Vice President and General Manager with
Direct Energy, is available to discuss:
- How the current pricing system puts the security of Ontario's
power supply at risk;
- How to increase rates and lower energy bills at the same time;
- How pricing based on market value encourages conservation and
will help the Ontario government meet its commitment to phase
out coal-fired generation plants by 2014.
When: Clinton Roeder is available for interviews, please contact Lindsey
Coulter at 416-355-7430 or firstname.lastname@example.org to
schedule a time.
For further information:
For further information: Lindsey Coulter at (416) 355-7430 or