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HomeNewsFedeli not surprised by huge, future spikes in electricity prices

Fedeli not surprised by huge, future spikes in electricity prices

The MPP for Nipissing says last week’s leaked cabinet document destroys everything the Liberals said about giving us affordable electricity.  A whistleblower passed the confidential document on to the Progressive Conservatives which show rates increasing by at least 50 percent by 2028.  Vic  Fedeli isn’t surprised by the spike.  He and the Tories have doubted the Liberals’ Fair Hydro Plan from the moment it was announced.  Moose News asked Fedeli can the Tories reverse the spike if they form the next government and he admits for now he doesn’t know.   Fedeli says for all he knows the Liberals have locked themselves into 10, 20 or 30-year contracts but it’s impossible to know because everything is shrouded in secrecy.  The document shows that after an inflation protection clause ends in 2022, rates go up 6.5 percent for five straight years and then jump by 10.5 percent.

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