The cheapest electricity

Finance

Quebec is the North American champion in terms of kilowatt hour prices

Quebeckers are the least expensive to pay for electricity in North America.

In Montreal, a residential customer pays an average of 7.13 cents per kilowatt hour (kWh) of electricity for a monthly consumption of 1,000 kWh, almost half of Ontario’s, says Hydro-Québec comparative study .

For a monthly consumption of 3000 kWh, however, the average cost per kilowatt hour climbs to 8.37 cents, says the study of the state-owned company.

At home, Quebec ranks first in Manitoba, British Columbia, Newfoundland, New Brunswick, Ontario, Saskatchewan and Alberta for its low electricity rates. In Winnipeg, for example, Manitoba Hydro’s residential customers charge an average of 9 cents per kilowatt-hour consumed.

In Toronto, residential customers pay an average of 13.2 cents per kilowatt hour for an average consumption of 1,000 kWh.

“The price paid to Quebec by residential customers is the lowest in Canada and the United States,” said a spokesman for Hydro-Québec, Cendrix Bouchard, yesterday.

It must be said that the average price per kilowatt hour paid in Quebec is hardly comparable to those observed in major US cities.

In New York, the average price per kilowatt hour is 30.5 cents CAN compared to 31.5 cents CAN in Boston and 27.9 cents CAN in San Francisco.

Favorable gap in Quebec

Since 2014, the gap between electricity prices offered in Québec and those observed in the rest of North America has widened to the advantage of Quebec customers.

Hydro-Québec argues that the commitment not to raise electricity rates beyond inflation for three years has had its effects. Over the past three years, Hydro-Québec’s residential customers have had combined increases of less than 2%.

For April 1, Hydro-Québec is asking the Régie de l’énergie to raise electricity rates for its residential and business customers by 0.8%.

On April 1, the rate increase granted by the Régie was 0.3% while Hydro-Québec claimed 1.1%.

Hourly pricing

As expected, Hydro-Québec will be offering variable electricity rates, depending on the hours of the day, to its customers as soon as next winter.

Hydro-Québec’s dynamic pricing will make it possible to vary the cost of electricity according to hours of consumption in winter, while its network is used at full capacity during peak periods. Rates will be higher during critical times (morning and evening) and cheaper during the night and day.

 

AVERAGE PRICE OF ELECTRICITY IN NORTH AMERICA

towns Average price (kWh)
Montreal   7.13 cents
Winnipeg   9 cents
Vancouver 11.42 cents
Miami 12.51 cents
Moncton 12.97 cents
Toronto 13.24 cents
Houston 13.75 cents
Calgary 15.79 cents
Halifax 16.41 cents
Regina 16.51 cents
Charlottetown, PEI 16.83 cents
Detroit 20.86 cents
San Francisco 27.95 cents
New York 30.46 cents
Boston 31.52 cents

Source: Hydro-Québec, rates in effect on April 1, 2018. Monthly consumption of 1000 kWh, in Canadian currency

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