Ontario consumers will pay $285 million more annually for residential electricity and Canada could lose 41,000 full-time-equivalent jobs over a 20-year period due to Ontario’s subsidization of renewable energy, concludes a new study from the Fraser Institute, Canada’s leading public policy think-tank.
The calculations for the residential sector are based on a Statistics Canada analysis using its Interprovincial Input-Output Model, commissioned by the Fraser Institute.
Gerry Angevine is a Fraser Institute senior economist and co-author of A Sensible Strategy for Renewable Electrical Energy, which analyzes the economics of technologies used to generate electricity, associated technical issues, and, using Ontario’s feed-in-tariff program as a case study, some of the broader effects that renewable energy policies might have on the North American economy.
Read more of this eye-opening study at Folly of Ontario’s renewable energy program .
If the Ontario government won’t protect our wildife, perhaps this report will encourage it to protect jobs and consumers.