Power hikes could hit 16 per cent: analyst

CBC Toronto is reporting that power hikes could hit 16%:

An energy expert is predicting an electricity rate increase of up to 16 per cent per cent May 1, though the bump in price will vary across the province.

Tom Adams from Energy Probe said rates will increase by at least five per cent to allow the province to recover money it lost because last year because [sic] the wholesale or commodity price of electricity was higher than expected.

No need to worry, though. Just inform your boss that your hourly rates will increase at least five percent to allow you to recover money you lost because last year the wholesale price of beer was higher than expected.

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