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« Iran asks China, Russia for support in nuclear talks against 'excessive demands' | Main | Work for uranium mine near Grand Canyon hits pause »
Tuesday
Nov122013

Thirty per cent rate hike for nuclear power would add $5.36 to monthly bills

 

TORONTO Already increasing electricity bills will soar even higher if Ontario Power Generation gets approval for a 30 per cent increase in the rate it is paid for electricity generated by nuclear power, the New Democrats warned Tuesday.

"You're seeing rates go up faster than they should," said NDP energy critic Peter Tabuns. "As long as the Liberals see a blank cheque as a parachute to get out of any tough spots, our bills are going to go up."

OPG said the rate increase, if approved by the Ontario Energy Board, would add about $5.36 each month to the bill for typical residential customers.

The reasons for the requested hike "include ensuring obligations for used nuclear fuel management and decommissioning costs are met," the government-owned utility said in a statement.

"As well, we will make investments in the plants over the next couple of years to set up the long-term operation of Darlington for 30 more years following refurbishment."

However, the government pointed out there's no guarantee the Energy Board will approve.......

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