TORONTO, Sept. 30, 2011 /CNW/ -
The Enron Con
Why have Hydro bills in Ontario doubled? Why is electricity almost
double Manitoba's and Quebec's Rates? It's not a mystery. Hydro
deregulation, an Enron designed electricity market and a "for profit"
electricity system is the real reason for ballooning Hydro bills.
That's right, the Enron con is still alive and well in Ontario.
In the leadership debate, Tim Hudak was very disingenuous when he said
he'd roll back Hydro rates and that "higher energy bills kill jobs" and
that he wanted to "get electricity rates under control" He talked about
how high hydro rates "affect seniors, small business and shift
Looks like Hudak will have to repeal Harris's Bill 35. That's the bill
that broke up Ontario Hydro, introduced a deregulated electricity
market and changed the whole Hydro system from "non-profit" to "for
profit". The big promise of the Tories then was that "Deregulation
would lead to lower rates." Under Bill 35, the Conservative party added
to your hydro bill, profits to generators, profits to distributors,
profits to retailers, dividends to investors and commissions to
commodities brokers. Public Power's main goal of service was replaced
with the main goal of profits.
The Tory party also privatized the profits at the Bruce nuclear plant
but kept public the debt that appears on your hydro bill. If Hudak
really wants to get Hydro rates under control then he will also have to
close the Enron designed electricity market known as the Independent
Electricity System Operator (IESO). Enron was the main player on the
Tory electricity market design committee. Since the Enron fraud, many
States have since have closed their electricity markets. Why is
Ontario's electricity market still open?
None of the party leaders are discussing the real reasons for "double
the hydro rates".
More than $1Billion has been spent installing and implementing smart
meters. The main promise of smart meters was that they "Will save you
money". If you Google "Smart meters will save you money you get
2,310,000 hits. Smart meters were supposed to be a panacea for
conservation. Peoples bills have doubled and there has been negligible
increase in conservation.
The Smart meters only purpose is a cover for a massive rate hike in
electricity rates and to funnel profits into the phony electricity
Hudak says he'll roll back high Hydro rates by eliminating the HST.
That's like giving an aspirin to a cancer patient. It won't help.
Jobs and Ontario's competitive advantage
Hudak said 300,000 manufacturing jobs have been lost. How many jobs have
been lost to electricity deregulation (Harris's bill 35)? "For-profit"
power, deregulation and the Enron IESO market have hit farmers, small
scale manufacturing and small business very hard in this province.
These are the people who are the real job creators.
For 95 years we had "At cost", "non-profit" Publicly owned Hydro in
Ontario. Profits were returned to small business, farmers,
manufacturers and the public in the form of lower and stable hydro
rates. With all it's warts, Public Power was much, much better than the
system we now have. In 1906 the Tory, Sir Adam Beck, backed by Business
interests who were sick of getting gouged by the power companies ( Just
like today) won the battle for Public Power and made Ontario the
economic powerhouse of Canada.
Public Power was our "Competitive advantage".
HST cuts won't fix ballooning Hydro bills. Closing the phony IESO
electricity market, ending deregulation and ending "for profit" Hydro
will. If we want a jobs in Ontario plan, Public Power has to be part of
Let's hear from all three leaders on the real reasons for high Hydro
bills this election.
(The OEC and their partners stopped the sale of Hydro One by Mike Harris
in court in 2002)
SOURCE CUPE Local One
For further information:
Former spokesperson 2001 to 2010
Ontario Electricity Coalition