Given that the Ontario government predicts an astonishing 46% increase in electricity rates over the next five years, with the first spike having been approved just this week, some might question the wisdom of legislating an arbitrary 10% rebate on electricity rates for the next 5 years. Some people might call that rebate a shameless vote-buying device. Some might call it penance for imposing HST on electricity rates. Some might call it looking at the world through rose-coloured glasses.
No matter how you view the Ontario Clean Energy Benefit, we’re interested to see whether it will provide any financial benefit to condominium corporations and their unit owners, or whether this is another case of condominium folks being left in the dark. We hope it’s the former.
Please answer our poll and tell us what you think.