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Deregulation of Ontario Hydro In 1906 a crown corporation was created to provide the people of Ontario with electricity, at a cost, and to protect Ontario from private-sector monopolists. Less than 90 years later, prominent in the provincial Conservatives 1995 campaign platform, was a promise to privatize Ontario Hydro. More than six years later, Mike Harris and the Tories are finally getting around to it. Just recently they announced that Hydro One would be sold to private investors, an announcement that started a heated debate regarding deregulation. Many people are against deregulation, but in reality, deregulation would be beneficial. It would create competition between companies, effectively reducing electricity prices, among other things, and deregulation has been successful in other areas, especially the US. Deregulation can also benefit Toronto in ways not directly linked to the electricity monopoly. The deregulation of Ontario Hydro would allow any number of companies to produce, supply, and sell electricity. This, in turn, creates competition, which becomes a major factor, and benefit, of deregulation. Competition will open up the electricity market and that will result in more economic and job opportunities. It is