Sustainable Energy - News Release, March 30, 2001
FOR IMMEDIATE RELEASE: March 30, 2001
"Today's announcement shows just how urgent it is to get competition working here in Ontario. With competition, consumers will no longer have to depend on a single supplier with a single price," said Jake Brooks, IPPSO's Executive Director. He notes that because costs have been rising all around while rates have been frozen for 8 years, some kind of rate increase was probably inevitable. However, without a competitive market operating in Ontario, it's impossible to tell exactly what a fair increase should be, and consumers have few options for controlling the effect of the increase.
"We would much prefer that any rate changes be a direct result of real market forces, where competition could be the true test of accuracy of any proposed rate increases."
IPPSO also advocates the rapid decontrol or sell-off of generating plants owned by Ontario Power Generation (OPG), the primary successor to Ontario Hydro. OPG currently dominates the Ontario market owning more than 80% of the generating plants.
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For queries or suggestions, please forward to:
IPPSO, PO Box 1084 Station F, Toronto, Ontario, M4Y 2T7 Canada.
Street address: 163-C Eastbourne Ave., Toronto, Ontario M5P 2G5
Last update: March 30, 2001