A new report says the Canadian government is getting “firm” about slashing the cost of electricity, even as its own electricity market is experiencing significant volatility.
The report, released Thursday, warns the Liberals are “shunning any meaningful discussion” about reducing electricity rates and instead relying on “toxic rhetoric.”
The report also warns that the Liberal government is “shunting any meaningful consideration” for reducing carbon emissions, even though Canada has already pledged to limit greenhouse gas emissions by 2025.
The Liberals are still pushing for a carbon tax, but the Liberals’ new plan is more aggressive than the NDP and the Conservatives’ plans.
The Conservatives’ plan would raise electricity rates by $10.40 a month, but only if emissions were reduced by 30 per cent.
Under the Liberals, they would have to cut electricity rates to $4.50 a month.
The government’s latest proposal, called a Carbon Tax, would increase the average monthly bill by $6.60 a month if emissions reductions were 30 per, 80 per, or 90 per cent below 2020 levels.
The carbon tax plan would impose a surcharge of $10 a year on households that spend more than $1,000 a year.
It would increase electricity prices for people with incomes of more than C$3,000.
The new plan would increase taxes on the wealthiest Canadians.
The tax would also increase income taxes for the wealthiest 10 per cent of Canadians, but it would also impose a tax on income that exceeds $10,000 for individuals and couples.
In a statement, the NDP’s critic for the environment, Charlie Angus, said the government is still “shirking any meaningful conversation” about carbon taxes.
Angus said the Liberals “still don’t know what they’re going to do about climate change.”
He also said the plan would hurt Canadian workers.
The Liberal plan is also more aggressive on energy prices than the Conservatives and the NDP.
The plan would reduce electricity rates if emissions are reduced by 10 per, 20 per, 30 per or 60 per cent, according to the report.
The price hikes would be less severe if emissions cuts were made to 70 per cent or 80 per cent above 2020 levels, the report said.
The NDP and Conservatives have both called for a cap-and-trade system to reduce greenhouse gas pollution, but that system hasn’t been put into effect yet because of political disagreements over who would run it.
The Liberals have also said they would increase tax credits to help people buy electricity at a lower price than they do now, though that plan is not included in the report released Thursday.
On Thursday, the federal government released its carbon price and emissions targets, and the Liberals and NDP have vowed to support the goals.