A proposal to partially sell off a long held public asset, Toronto Hydro, could turn the private sector’s gain into consumers’ pain. This study finds that selling off part of Toronto Hydro would result in the City of Toronto ceding the control it now has over electricity prices, hydro service reliability, and environmental stewardship over green energy innovation in the face of catastrophic climate change. The report warns that Toronto residents could end up paying the price in the long term, through higher hydro rates—and the city would be left to clean up the mess while reckoning with a lost opportunity to use a public utility to lead the way on energy conservation.
Private Sector Gain, Consumer Pain
November 18, 2016