The Canadian Press

2016-02-24 | Ont Budget

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Premier Kathleen Wynne says the Ontario government's cap-and-trade plan will add about 4.3 cents a litre to the price of gasoline, and about five-dollars a month to natural gas bills. However, Wynne says electricity consumers will be "protected" against rate hikes under the plan to be unveiled in tomorrow's budget. (Wynne says the government will use revenue from auctions of carbon emission allowances to industries to keep electricity rates in check, saying ratepayers already paid a price by shutting down coal-fired generation.)

Date: 2016-02-24
Placeline: TORONTO.
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << what are expectation and intention is that there will be no increase costs across industrial across the Industrial and Commercial sector and in fact in terms of residential electricity costs could see those go down >>


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