Wildrose offers full ledger on electricity rate cap – all costs not on bill
EDMONTON – The province’s move to cap electricity rates to stop price hikes doesn’t offer the full story as all the numbers won’t be on the electrical bill.
The proposed legislation An Act to Cap Regulated Electricity Rates would cap rates at 6.8 cents per kilowatt hour for four years, starting by June 1 and continuing until May 31 of 2021.
However, the Wildrose Opposition has tagged the NDP’s new power Bill as an admission that the government expects retail rates for electricity to more than double within the next four years and taxpayers will be paying, in one form or another.
Wildrose Electricity and Renewables Shadow Minister, Don MacIntyre, believes the only thing the NDP has learned from the disaster in Ontario, is how to hide the true cost of the government’s transition to renewables.