![]() ![]() The country’s grid is already nearly 85 per cent clean, but demand is expected to double by 2050 as things like cars, buses and trains become electric, and homes and buildings switch away from fossil-fuel heating sources. It’s estimated infrastructure maintenance and increased demand will cost $400 billion by 2050. Article contentĮlectricity infrastructure expenses are expected to increase significantly over the next several decades. This advertisement has not loaded yet, but your article continues below. “This government has already increased the carbon tax and poured billions of dollars of fuel on the inflationary fire now, they are going to ratchet up the cost of the electricity that is a necessity for families and businesses across Canada to literally keep the lights on,” Conservative environment critic Gerard Deltell said in a written statement Aug. “Shifting to clean electricity saves households on their energy bills, away from the shocks of yo-yo-ing gas and oil prices,” Guilbeault said.Ĭonservatives are highly critical of the 2035 target and the potential cost it represents to consumers. Overall, Canadians are expected to spend 12 per cent less on energy by 2050, government estimates show. The minister also said he expects increases to be offset as people move away from fossil fuels to heat their homes, cook food or power vehicles. The government plans to cover up to half of the cost of the regulations through tax credits, low-cost financing and other funds, which could mean even less cost is passed on to consumers, Guilbeault said at a press conference in Toronto. The Environment and Climate Change Department estimates the average household energy bill will increase by $35 to $61 per year by 2040 if the regulations are adopted, but only two per cent of that increase will come as a result of the regulations. ![]() Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Manage Print Subscription / Tax Receipt.
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