The Price of Power: Comparative Electricity Costs across ProvincesOctober 29, 2020
Power Consumers Face Widely Varied Costs Across Provinces
- Electricity prices and pricing structures vary widely across provinces, with Alberta, Ontario and Nova Scotia consumers facing the highest power costs.
- Authors Grant Bishop, Mariam Ragab and Blake Shaffer provide an interprovincial comparison of power prices across Canada, and explore how overall electricity costs matter for economically efficient power consumption and provincial competitiveness for new business investment.
- From 2014 to 2019, growth in electricity prices was driven by increases in transmission and distribution costs in Alberta and heightened energy costs in Ontario. These increased costs may influence where a business locates.