It took Steve Paikin 4 seconds to mislead the viewers of Ontario’s public broadcaster last night.
“Auditor General Bonnie Lysyk’s year-end report found that Ontarians overpaid for electricity by 37 billion dollars. ” – podcast
No, The Auditor General’s year-end report stated, correctly:
Global Adjustment fees, which are the excess payments to generators over the market price, amounted to $37 billion from 2006 to 2014
Should this confuse Mr. Paikin?
The electricity issue is not a a new one in Ontario and the global adjustment, while complex in some respects, does essentially refer to the difference between what a generator is paid, by contract (say $100 per unit), and what the market valued that power at (say $20 per unit).
… “Joining us now to explore why rates keep rising and other mysteries of the energy file…”
Of a 3 person panel on Paikin’s show, one has a history of distracting…
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Patti Kellar 