Enbridge seeks 40% natural gas price increase

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Enbridge seeks 40% natural gas price increase
Topic Started: Mar 15 2014, 03:33 AM (189 Views)
Darcie	Mar 15 2014, 03:33 AM Post #1
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Quote: This extremely cold winter may soon start affecting wallets in Ontario, as Enbridge Gas Distribution plans to increase the price of natural gas by 40 per cent. Enbridge applied to Ontario regulators for the price increase in the energy rates it charges millions of natural gas customers in the province. The increase needs to be reviewed by the Ontario Energy Board before being implemented on April 1. Not much notice for consumers eh! Quote: A household would normally pay about $1,000 annually for natural gas. Former Liberal MP and energy-market watcher Dan McTeague, who advocates for capping taxes on home-heating fuels, said that once taxes are added, the price is more of a 50 per cent increase. "My estimate is that, within a year … the federal government will have probably pocketed an additional half billion dollars from the misery of Canadians trying to keep themselves warm," he said. "And that to me is outrageous. http://www.cbc.ca/news/canada/toronto/enbridge-seeks-40-natural-gas-price-increase-1.2572366 And the feds gave us pensioners a 0.9% increase for the year. Sometimes you wonder if it is all worth it.



Darcie	Mar 15 2014, 03:40 AM Post #2
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	OK taxpayer trying to keep warm and cook your food, smile as you give your money to the benevolent Oil Corporation and the government. Do they give a damn? Will someone please tell me about the stated (hehehe) profit of Enbridge last year?



goldengal	Mar 15 2014, 03:58 AM Post #3
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	I thought this increase sounded ridiculous when I heard it repeatedly yesterday on various Canadian stations. Makes one wonder if we have an usually warm winter next year if they will reduce the price. Yeah I know ...... dream on. Take care, Pat



reactivate	Mar 15 2014, 06:42 AM Post #4
Gold Star Member Posts: 3,897 Group: Member Member #769 Joined: May 18, 2010	Since both heat and hot water are by natural gas in my house, I'm not happy. A single extra cold winter should not justify a permanent price increase but that's the joy of government regulators. I guess this will inspire all the anti-fracking crowd to redouble their efforts since they seem to like paying high prices for natural gas energy.



imjene	Mar 15 2014, 06:52 AM Post #5
Gold Star Member Posts: 3,960 Group: Member Member #745 Joined: April 4, 2010	That seems extreme. I wish we were privy to all of the reasons for doing this. The rich will not notice, but it all spills over to people on fixed incomes, who will definitely notice. That along with the increase in food prices and everything else will result in putting more people out on the street. :cold: In simplistic terms, the government will (hopefully) have to put out more money to house and support these people. Go figure. 017



Trotsky	Mar 16 2014, 02:08 AM Post #6
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	Quote: Enbridge seeks 40% natural gas price increase. Gee, what a surprise.



Darcie	Mar 16 2014, 02:28 AM Post #7
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	And Union Gas in London is asking for 28% increase. Enbridge has permission to reverse their east/west line from the government. Guess they have to make sure that the cost of this comes from our pockets and not their profits.



reactivate	Mar 16 2014, 05:34 AM Post #8
Gold Star Member Posts: 3,897 Group: Member Member #769 Joined: May 18, 2010	Darcie Mar 16 2014, 02:28 AM And Union Gas in London is asking for 28% increase. Enbridge has permission to reverse their east/west line from the government. Guess they have to make sure that the cost of this comes from our pockets and not their profits. If it were paid for from their profits, there would be no profits. No profits - No Company. What then?



Daniel	Mar 17 2014, 03:32 AM Post #9
Small Star Member Posts: 902 Group: Member Member #759 Joined: May 9, 2010	People whine and complain about taxes and revenue tools which are required to make up shrinking revenues because of the corporate tax breaks, off-shore tax havens, secretive bank accounts and bailouts. But the people who whine about those staunchly defend the same corporations and the top 1% who suck up all the wealth from our society.



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