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PC gov't cancels 100's of renewable energy contracts to lower hydro prices
Ontario's new Progressive Conservative government is cancelling 758 renewable energy contracts.
It says it will help reduce electricity bills.
Energy Minister Greg Rickford says the move will save provincial ratepayers 790 million dollars -- a figure industry officials dispute.
Rickford says the government plans to introduce legislation during its summer sitting that would protect hydro consumers from any costs incurred from the contract cancellations.
He says the renewables are "unnecessary and expensive energy schemes."
The government announcement does not indicate which specific projects are being cancelled.
John Gorman, president of the Canadian Solar Industries Association, calls the government decision "rash."
He says small contractors will suffer the loss of the projects.
Gorman also says the decision will likely lead to lawsuits, and further — that cancelling the contracts will not bring hydro prices down.