High hydro rates are an  outcome of bad decisions over the past 14 years. They can't be easily reversed as the government locked us into 20 year contracts.

To cover up the mistakes, they have cut the provincial portion of the HST and are now promising a 25% reduction in hydro rates. They say that they are mortgaging borrowing costs over an additional 25 years. But the reality is, they will have to raise taxes, or borrow more than $1billion more per year to make up for the shortfall. 

By borrowing over an additional 25 years, the government is hoping that people don't understand that their children and grand children will be left with a large mortgage payment in the future - simply because the premier is trying to hide the true cost of their bad decisions.