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Premier Doug Ford’s Progressive Conservative government could lower Ontario electricity rates by 24% if it cancelled all of the wind and solar energy contracts signed by the previous Liberal government, according to a new report by the Fraser Institute.

The study, “Electricity Reform in Ontario: Getting Power Prices Down” — co-authored by University of Guelph economics professor Ross McKitrick and released Thursday — is a searing indictment of the so-called “green” energy policies of former Liberal premiers Kathleen Wynne and Dalton McGuinty.

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Among its findings:

Between 2008 and 2016, Ontario had the fastest growing residential electricity costs in Canada, and among the highest in North America, with prices increasing by 71%, more than double the 34% average growth rate across Canada.

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Between 2010 and 2016, large industrial users in Toronto and Ottawa were hit with 53% and 46% increases in the cost of electricity, respectively, more than triple the 14% average growth rate across Canada.