Samsung deal to increase energy bills by $65 every year

[thepatrickblack]

It's a tough situation. All parties are committing to closing coal by 2014 so we need new power fast. Is the price worth it?

Source on the $65 here: http://abetterenergyplan.ca/#/news/samsung_energy_deal

[William Ashley]

It's a tough situation. All parties are committing to closing coal by 2014 so we need new power fast. Is the price worth it?

Source on the $65 here: http://abetterenergyplan.ca/#/news/samsung_energy_deal

Yeah I disconnected the line this summer. Back to the stone age for me.

It is "up" to... $65 a year in savings is going to kick back in on lower health care costs, cleaner energy adds up to savings in other areas, and helps contribute to a sustainable future.

It will lower costs, by allowing less overhead in other areas such as health and welfare. It is also going to create jobs. That 65$ goes to peoples employment which in turn is taxed back into the system.

50,000 jobs is a lot of money.

Actually it MAKES MONEY.. see 65$ into $20,000 is about 300 people, or for $40,000 is 615 people. Now, this 500 or so people equals one persons salary.. now, for 50,000 people we get a payrate that is far higher than the per capita cost of the increase (something like 30 million people to support the salaries.)

What this means is that for every dollar put in $10 is returned toward employment.

THATS RIGHT.. this will multiply the employment by 10x... every dollar will bring back 10$ in employment. Of which will return $2 or $3 to the government meaning this 7 billion dollars will return somewhere around 14 to 23 billion to the government, and that is only indirect costs. The savings in other areas are dramatic in health care, due to less pollution, in the conversion to electric vehicles, and so many other areas.. this is a MONEY MAKER... and that 65$ can easily be rebated, as the government has already rebated people on their hydro bills.

Edited September 29, 2011 by William Ashley

[mentalfloss]

Yes, it's worth it.

Electricity prices will be going up anyway because we need to upgrade our infrastructure. This deal will actually help mitigate that rise in the future.