It won’t be long before the Ontario Liberals, aided and abetted by the liberal media, start blaming the Progressive Conservatives for the financial mess they’ve left us in after 15 years in power.
You can already see it happening in some smug media commentary, gleefully predicting Premier-designate Doug Ford and the PCs are going to be a disaster.
In reality, outgoing premier Kathleen Wynne and the Liberals are the disaster — and they have created massive fiscal problems that will take decades, if ever, to correct.
Today, let’s examine the biggest financial train wreck the Liberals have left us to address — the skyrocketing cost of electricity due to the idiotic way they blundered into green energy.
According to a report by Ontario’s Financial Accountability Office, the per-unit cost of solar power to Ontario ratepayers as the Liberals leave office is a staggering $480 per megawatt hour (MWh), wind $173/MWh, biofuels $131/MWh.
That compares to $69/MWh for nuclear power and $58/MWh for hydro.
(Hat tip to Jeffrey Simpson for referencing these numbers in a recent Globe and Mail column.)
The Liberals saddled us with these outrageous costs for green energy despite repeated warnings from two auditors general, starting just two years after they passed the Green Energy Act in 2009.
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