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NOACC applauds decision to delay open market.

The Northwestern Ontario Associated Chambers of Commerce (NOACC) is applauding the provincial government's decision to delay deregulation of the electricity market until the spring of 2002.

Concerned for major industries that will be faced with huge hydlro bills, NOACC officials say competition may be good in the long run, but there is a danger of rates going up too much. Higher costs will hurt big area employers like Thunder Bay's Bowater pulp and paper mill, which is Ontario's second largest electricity consumer.

The provincial government originally planned to open up the hydro market last fall, but held off because of concerns about big hike rates due to the uncertainty of a reliable supply of power.
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Title Annotation:Northwestern Ontario Associated Chambers of Commerce
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CONT
Date:Jun 1, 2001
Words:115
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