Le Lézard
Classified in: Business
Subjects: ECO, AVO

The price of electricity: The gap widens between Québec and the rest of the continent


MONTREAL, Oct. 13, 2018 /CNW Telbec/ - Electricity prices are lower in Québec than anywhere else in Canada or North America.

In Montréal, residential customers pay 7.13¢ per kilowatthour (kWh), compared to 11.42¢ in Vancouver and 13.24¢ in Toronto. The same quantity of power costs C 31.52¢ in Boston.

A widening gap

Winnipeg currently ranks second-lowest in terms of residential rates, at 9¢ per kWh, but Manitoba Hydro anticipates having to raise its rates by nearly 8% over the coming years. Hydro-Québec, on the other hand, has filed an application with the Régie de l'énergie requesting an increase of only 0.8% for 2019?2020.

"Hydro-Québec is proud to have upheld its commitment to maintain rate hikes below inflation for the past three years," stated Éric Martel, Hydro-Québec's President and Chief Executive Officer.

According to a recent comparative study on electricity prices, Montréal placed second among large Canadian cities for the lowest rate increases implemented in the past four years. Toronto came in first, with a 0.5¢ decrease, but power costs nearly twice as much there as it does in Montréal.

 

SOURCE Hydro-Québec


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News published on 13 october 2018 at 10:50 and distributed by: