Another industrial leader calls for lower power prices

July 14, 2015

SIMCOE – Haldimand-Norfolk MPP Toby Barrett is concerned for the economic future of Ontario with yet another industrial leader criticizing the high cost of electricity in the province.

Fiat Chrysler Automobiles CEO Sergio Marchionne has raised concerns about the cost of cap and trade increasing electricity prices and the Ontario Retirement Pension Plan adding to the cost of running a business in Ontario. His remarks came after Windsor Mayor Drew Dilkens said high electricity prices put Ontario at a competitive disadvantage. Windsor recently lost two bids to locate Volvo Cars and Jaguar Land Rover plants in the border city.

“The Ontario government doesn’t get it,” Barrett said. “Industry is not going to locate in Ontario when the cost of doing business is so high.”

Previously, the head of Magna and the Ontario Chamber of Commerce spoke out about the high cost of energy hindering business expansion.

“Not only do high electricity prices drive industry out of the province, costing us jobs, it makes it unaffordable for residents to live in the Province of Ontario,” Barrett said. “Things are especially tough for those on fixed incomes, such as senior citizens, and those who heat with electricity.”


For more information, contact MPP Toby Barrett at 519-428-0446 or [email protected]