Ontario’s Power Trip: How Hydro is walloping Ontario business

Parker Gallant summarizes the electricity situation as of July 14th, but things got more complicated with the release of final July global adjustment figures on the 17th.
New splits for global adjustment classes took effect July 1, and for the new 12-month period the “class A” scheme hasn’t worked to shift cost away from large users nearly as well as it has in the past.
Good.
Industry can’t handle higher prices, but it’s high time the “stakeholders” turned their attention to actual cost controls – such as Spain’s action on renewable energy contracts – instead of sleight of hand tricks to get preferential treatments for their sector.

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