Newmarket Chamber Of Commerce And Provincial Chamber Address The Impact Of Rising Electricity Costs On Business
08 Jul 2015
Soaring Electricity Prices Reach Crisis Point, According To New Research
The Government of Ontario released its 2013 Long Term Energy Plan (LTEP) and since then industrial electricity rates have increased by 16 percent, and, over the next five years, will increase another 13 percent. A new report from the Newmarket Chamber of Commerce, in partnership with the Ontario Chamber of Commerce (OCC) and 40 chambers of commerce and boards of trade, calls on the Government of Ontario to address the impact of rising electricity costs on the business community. The report, Empowering Ontario: Constraining Costs and Staying Competitive in the Electricity Market, is the most widely consulted report in the history of the province-wide network. It outlines five recommendations that government and energy agencies must take to curb rising costs and keep businesses in the province. These recommendations are the product of a year-long research and consultative process with more than 100 businesses, energy experts, and government agencies.