main-content-following

Ontario Electricity Prices Fastest Growing In Canada

Electric pylon with high power wires and Canadian Dollar or Money, a double exposure shot, concept for spend on electricity
Electric pylon with high power wires and Canadian Dollar or Money, a double exposure shot, concept for spend on electricity
A Fraser Institute report says rates have increased 71 in the past decade

Electricity prices in Ontario have increased twice as fast as the national average over the past decade.

That's according to the findings in a new study released today by the Fraser Institute, a policy think-tank.

The study also finds that electricity prices in Ontario increased 2.5 times faster than Ontario income levels between 2008 and 2015.

Electricity prices rose a staggering 71% from 2008 to 2016, more than double the national average increase of 34% over the same time.

Consequently, Ontario cities have some of the highest monthly electricity bills in Canada.

Toronto residents pay, on average, $201 per month compared to $83 in Montreal, $109 in Calgary and Edmonton and $114 in Vancouver.

The study finds that Ontario's high prices are directly tied to the provincial government's phase-out of coal energy, poorly structured long-term renewable energy generation contracts and other policy choices.

Local News

  •  
     
     
     
  •  
     
     
     
  •  
     
     
     
  •  
     
     
     
  •  
     
     
     
  •