Tuesday, January 26, 2010

Samsung Deal Panned

Kenora-Rainy River M.P.P. Howard Hampton is warning area residents to brace themselves for higher electricity prices in the future.

Hampton suggests the seven billion dollars green electricity deal the province signed last week with Samsung will lead to just that.

"If you look at the contracts signed already by the Ontario Power Authority, some of these outfits are getting paid rates of almost 20-cents an hour," says Hampton. "When that starts to hit peoples hydro bills, the rate is going go up even higher."

Hampton adds the energy deal will have no economic benefit for northern Ontario because all the wind and solar projects will be located in southern Ontario.