Yes. We’re exploring innovative new solutions in our world-class nuclear sector as well, with cutting-edge advancements in medical life-saving isotopes and small modular reactors, or SMRs. In fact, we’re making progress on developing the country’s first grid-scale SMR at the Darlington new nuclear site. This isn’t only a first for Canada, but it’s a first for the Western world and G7 countries. As a result, we’re attracting major interest from around the world, helping us open new export opportunities for our province in countries like Poland and Estonia and the Czech Republic, and the list goes on and on.

This incredible economic growth, alongside a population that’s forecast to increase by millions of people by the end of this decade, means that we need a lot more energy. One of the biggest drivers of that demand is our government’s plan to build one and a half million new homes for Ontario’s growing population by 2031. Bill 165, if passed, would make the legislative changes needed to help ensure that these homes get built faster and that the families who buy them have affordable choices for home heating.

But before we get too far into that discussion, I think we really need to set the playing field and consider where we are today. If you look broadly at our province’s entire energy demand, natural gas currently meets 39% while electricity only meets 21%. If you look at home heating, natural gas plays an even bigger role. It’s the primary heating source for approximately 70% of the people in this province, or about 3.8 million homes. While our government is supporting new options through the Clean Home Heating Initiative that I mentioned earlier, we still need to ensure that we have broad access to all forms of heating, and that includes natural gas.

That’s why I was extremely disappointed in an Ontario Energy Board decision that was made just before Christmas in late December that would effectively increase the cost of new homes. In an unusual two-to-one split decision, and this is very unusual at the OEB, the Ontario Energy Board reduced the revenue horizon—that’s the period of time that natural gas utilities use to calculate the upfront costs of new gas connections—for new residential and small commercial gas connections from 40 years, which has been in existence for almost 30 years—amortizing the cost from 40 years down to zero years by January 1 of next year.

What this means is that natural gas connection costs, which are normally paid over those five years, would be owed in full upfront, and that would lead to thousands of dollars added to the cost of building new homes. To be frank, the OEB simply strayed out of its jurisdiction, out of its lane when making this decision. It’s not only a huge departure from the realities of our energy system, but it’s also a huge departure from the historical practice which, as I say, has been in place for nearly 30 years—since 1998.

In fact, according to the OEB’s own decision, the cost of a new home would increase by about $4,400 on average across the province. Yes, that’s bad enough, adding $4,400 to the cost of a new home. But it would cost significantly more, in the tens of thousands of dollars, for farms and residences in rural and northern Ontario that have access to these natural gas pipelines. Think what happens when a residence in rural or northern Ontario can’t connect to natural gas. I’m sure there are some members of the NDP and maybe a few in the Liberals who would just tell them to go buy an electric heat pump and hope for the best. As a matter of fact, we just heard the member from Sudbury supporting a petition in the Legislature telling them to do exactly that. But in Ontario, especially in the harsh winters that you can experience here in Canada, in northern Ontario in particular, that may not be a realistic option.

Madam Speaker, I installed a heat pump at my house a number of years ago. I really like it. I don’t have access to natural gas where I live because I live out in the boonies in Quinte West. But even during a southern Ontario winter, even during a winter like this one that’s been pretty mild compared to other winter seasons, my furnace—my electric furnace—still kicks on on the coldest days of the year to keep my house warm, meaning that the electric open air heat pump can’t always heat my home.

So what do you do, Madam Speaker, if the NDP or the Liberals or the Greens had their way? They would have everybody on open air heat pumps, and there would be times during the year where people actually would be freezing in their home because they can’t keep their house warm. If folks in northern and rural Ontario don’t have access to natural gas like those in the big cities do, they’re often forced to rely on home heating oil or propane, which are more emitting than natural gas is and they’re also more expensive.

Now, one argument I’ve already heard from the opposition is that this additional cost of connecting to natural gas is carried by the developer and it’s not—