TORONTO—Ontario electricity prices increased twice as fast as the national average over the past decade, and the average Toronto resident now pays $60 more per month than the average Canadian for electricity, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
“Electricity is a necessity, and Ontario’s high prices pose a serious burden for many families who, after paying their hydro bills, have significantly less money to spend on other important priorities,” said Kenneth Green, Fraser Institute senior director of energy and natural resource studies and co-author of Evaluating Electricity Price Growth in Ontario.
The study also finds that electricity prices in Ontario increased 2.5 times faster than Ontario income levels between 2008 and 2015 (the latest year of income data).
