Electricity Rates Adovocacy Update - The Caledon Chamber of Commerce supports the Ontario Chamber of Commerce by signing on to a letter to Kathleen Wynne Regardling the Sale of Hydro One

On July 8, the Ontario Chamber of Commerce released the most widely consulted report in the history of the organization and our membership, Empowering Ontario: ConstrainingCosts and Staying Competitive in the Electricity Market. An issue that the report did not directly address is the upcoming sale of a portion of Hydro One.

While we are cautiously optimistic about the sale, there are details that have yet to be determined. The OCC and the Chamber Network are concerned that it could adversely affect the cost of doing business in the province, including adding to the rising price of electricity. As such, we are seeking clarity from government on how the sale will impact electricity prices.

The OCC has  drafted a letter requesting evidence that the sale of a portion of Hydro One will not directly impact electricity prices in the future. We will keep you updated!