Ontario electricity prices fastest growing in Canada; Toronto bills highest nationwide

In fact, electricity prices rose a staggering 71 per cent (from 2008 to 2016), more than double the national average increase of 34 per cent over the same time. Consequently, Ontario cities have some of the highest monthly electricity bills in Canada. For example, residents in Toronto (the city with the highest price anywhere in Canada) pay, on average, $201 per month (including taxes)—an increase of $77.09 over the past six years. Ottawa residents pay $183 per month. These high rates dwarf monthly electricity bills in Montreal ($83), Calgary and Edmonton ($109), and Vancouver ($114). 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. What’s more, to address the high costs faced by residents, Queen’s Park has recently announced a plan to use debt-financing to artificially lower current electricity prices. However, this plan will result in new charges being added to future bills. “The Ontario government and its energy policy decisions share a lot of blame for the current crisis in electricity prices,” Green said. “Ontario residents need real policy reform to help make electricity affordable again, not just short-sighted shell games that borrow from future ratepayers to subsidize current bills.” MEDIA CONTACT: Bryn Weese, Media Relations Specialist, bryn.weese@fraserinstitute.org