Opposition says smart hydro meters cost consumers more
"Here we have a system that's costing us $1 billion and people aren't getting the benefit in cost savings and they're not getting the benefit in conservation. It's a complete failure."
TORONTO — There’s no doubt the Ontario government’s $1-billion smart meter program for electricity is costing consumers more instead of saving them money, the opposition parties charged Monday.
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Premier Dalton McGuinty, having launched Ontario on a billion-dollar smart meter experiment, now admits the electricity pricing scheme that’s supposed to make it all work, isn’t.
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Time of Use Rates – Pay time-of-use prices that change depending on when you use electricity. By spring 2011, the majority of Ontarians will be moved from the tiered rate to the time-of-use rate.
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