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Nov 05, 2007 04:30 AM
Ian Urquhart
Electricity rates have long been a
political football in Ontario, tossed about by governments of all stripes in
search of votes.
The result, after years of freezes and caps, was an
artificially low price for electricity in the province, which acted as a disincentive for homeowners and businesses to invest in energy efficiency
and conservation projects.
When the current Liberal regime came to
office in 2003, however, one of its first actions was to lift the freeze
imposed by the previous Conservative government on electricity rates for
homeowners and small businesses. The Liberals took some heat for this
move, not least because it represented another one of their broken
promises.