Quote:
Originally Posted by Fuzz
The government has already said they will cap electricity at 6.8c/kwh for 4 years. Doesn't make much sense to lock in at 5.99 when it will probably be below that for some portion of the year. Coal plants aren't' going to be shut down that quickly anyway. I think phase out will start in 2018 but I don't think we will see prices increase on that for awhile. I'm surprised your agent said that stuff, usually I've found them to be very honest at Enmax.
http://globalnews.ca/news/3081863/al...es-volatility/
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It's capped for four years then is expected to double to fund additional generation that may or may not be neccessary. So in 2021 your energy bill will skyrocket but it will look like the fault of the government in power at the time.
You will also be seeing a line item global consumption tax (carbon tax) and another new one to cover extra generating station costs that taxpayers need to build just in case.