How will free-spending Ford pay for Ontario’s $400-billion nuclear plans? (& how will we afford a jump in the electric bill!)

"The government’s plans envision an electricity system that is 75-per-cent nuclear in terms of output, up from approximately 50 per cent today""
Estimates of the costs of electricity from new nuclear plants in Ontario range from the mid-20 cents a kilowatt-hour to more than 40 cents a kwh – double or even triple current consumer electricity costs. Such increases would undermine energy affordability, Ontario’s economic competitiveness and any plans for decarbonization through electrification."

#DougFord #Ontario #Onpoli
#Energy #Electricity

https://www.theglobeandmail.com/business/commentary/article-how-will-free-spending-ford-pay-for-ontarios-400-billion-nuclear-plans/#comments