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A quarter of Canada's electricity generated by private firms, set to rise to a third in less than a decade

Private interests to profit; public to pay more, again.

Power systems need upgrading as governments tighten belts; turning back from privatization unlikely.March 30, 2011: CBC's Pete Evans argues in favour of privatizing the electrical grid, citing the likelihood of generating more local, green power, all the while demonstrating the potential financial setbacks of privatization for consumers, and emphasizing the long-term profitability of electricity generation.

"Canadians tend to think of power generation as a public utility — a crucial piece of infrastructure that governments are duty-bound to provide and oversee. But in Canada, the responsibility of managing the electricity grid is no longer a question of public trust; increasingly, it's a matter of private enterprise.

And with the country facing increasing demand for electricity and a need for massive investments to upgrade an aging power grid, governments eager to avoid tax hikes are helping to accelerate the trend. ..."

For the complete story, please click here.

Posted: April 21, 2011

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