Jan Carr, who was head of the Ontario power Authority admitted that the cornerstone of the Liberals program energy initiative the Feed-In Tariff (FIT) program is unsustainable. I said it once and I’ll say it again, you can’t subsidize your way to prosperity.
From Ottawa Citizen
In an interview, Carr said FIT has “a lot of merit” as a concept. But “it’s being implemented incorrectly and we need to get back to basics.”
He said the FIT program is an industrial strategy, not an energy policy. “What we’re doing is essentially driving up the cost of energy for the purpose of creating jobs.”
But the strategy is self-defeating, he said, because higher energy costs will destroy jobs. “I’m really arguing for untangling energy policy from all these other things, which is making a mess of our energy strategy.”
Homeowners are already complaining about the cost of electricity, Carr noted, and the high fees paid under the FIT program “haven’t even hit customers’ bills yet. The worst is yet to come.”
Four more years of McGuinty means higher costs on your Hydro bills.