Listen Live
HomeNewsHydro rates to drop this weekend but Fedeli says we still face...

Hydro rates to drop this weekend but Fedeli says we still face huge spikes in the future

Energy minister Glenn Thibeault says hydro rates will soon be dropping by 25 percent.   Thibeault adds for some people in remote and rural regions, the reductions could be as much as 50 percent.  But Nipissing MPP Vic Fedeli says while people need relief from hydro, he’s says it’s the Liberals who drove prices up in the first place.   Fedeli says the Liberal approach to save us $24-billion, could drive the Hydro debt up as high as $93-billion in the long run.  Fedeli says to show how absurd this is, he says it’s like someone giving him a dollar and he gives back 25 cents and says we’re now even.  Fedeli says this will be horrendous on future generations because they will have to shoulder the debt.

 

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading