Plant asks, "Does Ontario's GEA blow?"

"[When you] look at what the US, Quebec and Manitoba provide to their manufacturers, the energy file is not looking too positive for Ontario manufacturers.”

From PLANT's print edition: Does Ontario's GEA blow? | Canadian Manufacturing:

“Already, the GEA has caused major price increases for large energy consumers, and we’re anticipating additional hikes of 40% to 50% over the next few years,” says Ross McKitrick, a Fraser Institute senior fellow and author of Environmental and Economic Consequences of Ontario’s Green Energy Act, in a statement announcing the report.
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The report contends the manufacturing and mining sectors will be particularly hard-hit by rising energy costs. It predicts returns to investment for manufacturing will likely decline by 29%, mining by 13%, and forestry by less than 1%.
“We’ve always had concerns with the economic modelling of the Green Energy Act,” says Ian Howcroft, vice-president of the Ontario division of Canadian Manufacturers & Exporters (CME). “We supported looking at alternate energy; we thought the energy mix should include solar, nuclear, gas and other opportunities, [but] you have to look at the economics of this, you can’t have a subsidized rate starting at 62 cents for solar and then sell that for between 5 and 11 cents, it just doesn’t make sense, its not sustainable. I think we’re finding that out right now.”

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