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Decentralized Democracy

Hon. Todd Smith

  • MPP
  • Member of Provincial Parliament
  • Bay of Quinte
  • Progressive Conservative Party of Ontario
  • Ontario
  • Unit 8 5503 Hwy. 62 S Belleville, ON K8N 0L5 Todd.Smithco@pc.ola.org
  • tel: 613-962-1144
  • fax: 613-969-6381
  • Todd.Smithco@pc.ola.org

  • Government Page
  • Nov/22/22 11:20:00 a.m.

Thanks very much to the member opposite from Brampton for the great question this morning.

Our government knows that a reliable and affordable electricity grid isn’t just good for the economy; it’s also great for the environment.

We’ve stabilized electricity prices since the harmful days of the previous Liberal government, through programs like the comprehensive electricity plan, which has stabilized rates. It has allowed manufacturing jobs and new investment to come back to our province, like the $3.6-billion investment at Stellantis in the member opposite’s riding and down in the Windsor region as well—but it’s more than just that. Stabilizing our electricity rates also means that companies can now invest in electrifying their industrial businesses, like we’re seeing with the green steelmaking processes coming soon to Hamilton and Sault Ste. Marie.

It’s because of a stable, reliable, affordable electricity grid that we will see reduced emissions in other parts of our economy, while at the same time watching our economy in this province grow.

The comprehensive electricity plan is reducing electricity costs for more than 50,000 industrial and commercial customers by 15% to 17%. To the member’s question: Why is that program necessary? Well, I can tell you, it’s necessary because of a decade of Liberals mucking up the energy policy in our province. They signed contracts under the Green Energy Act, locked in for 20 years, many at 80 cents a kilowatt hour, when our clean, reliable, affordable nuclear power was available for eight cents a kilowatt hour and our hydroelectric was available for four cents a kilowatt hour. The Liberals kept signing these contracts that were driving up the price of electricity and were going to continue to drive up the price of electricity by 6%, 7%, 8% year over year, through the end of the decade. The comprehensive energy plan is meant to fix the problems that were created by the Liberal government.

We are bringing back a stable electricity system to our province so that our economy can thrive.

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