Current rates for residential customers as of July 1, 2024, are:
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End-users in Canada face varying electricity costs, with a national monthly average of 19.2 Canadian cents per kilowatt-hour, as of September 2023. Due to their remote location, electric energy is most expensive in the Northwest Territories, where the price per kilowatt-hour stands at 41 Canadian cents. Electricity generation in the Northwest Territories is largely reliant on hydropower and petroleum.
Canada''s electricity generation employs a diverse array of energy sources; however, the country is primarily reliant on hydroelectric power. Hydraulic turbines, propelled by flowing water, drive generators that produce electricity. The widespread use of hydroelectricity, particularly in the province of Quebec, has contributed to the province having the cheapest electricity prices nationwide, at 7.8 Canadian cents per kilowatt-hour. In 2022, Canada generated nearly 393 terawatt-hours of hydroelectric power.
Industry electricity prices within Canadian cities differ, and the average industrial electricity price in Canada fluctuated between 5.33 and 14.08 Canadian cents per kilowatt-hour in 2022. By comparison, the average residential electricity prices in Canada oscillated between 7.59 and 19.48 Canadian cents per kilowatt-hour, depending on the city. Notably, residential energy costs across the country tend to be higher when compared to the industrial sector.
On August 12, 2016, the electric power selling price under 5000kw for the Atlantic Region and for Nova Scotia (vectors v107792874 and v107792883) were suppressed for data quality reasons. They will be published with the next release of this table.
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There are a number of factors that determine the price Canadians pay for electricity.
Each province has its own mix of renewable and non-renewable electricity sources. The combination of these sources, for example, hydro, natural gas, solar, is unique to each region and has an influence over the price of electricity.
Infrastructure and equipment has to be maintained, for example, downed power lines and poles caused by storms, to avoid power outages.
The age of the infrastructure will also have an effect on cost, but this isn''t always negative. If an existing asset is producing electricity long after its capital costs are paid off, it can have a positive impact on price.
The price of electricity is influenced by fixed and variable costs. The price of building transmission wires would be an example of a fixed cost, while the price of the fuel used for generation is variable.
The distance electricity has to travel over the transmission and distribution system from the generation source to the customer can influence the final price.
Access to natural resources and generation facilities determine the cost of electricity, alongside overall population density. Often in remote areas, more infrastructure is required to deliver electricity from the generation source to homes, businesses, and communities with the cost shared among fewer customers.
Data Source: World Energy Statistics 2020, IEAData Retrieved: July 2021; Visual Created by the Canadian Electricity Association
Canada''s access to renewable natural resources allows for some of the lowest residential electricity prices in the world. This provides the opportunity for more freedom and flexibility in their budgets than similar countries like the United Kingdom and the United States.
Although Canada''s current electrical system was designed to power a much smaller population, today it''s working double time to reach over 35 million people, along with all of their personal devices and home electronics. In order to support its growing population and the use of modern day electronics, Canada will need to invest more than $350 billion into the system over the next 20 years — that''s $15 billion each year.
© 2022 Electricity Canada
Electricity is an essential service for most businesses in Canada, but the price of electricity varies widely across the country. In this blog post, we will compare the average industrial electricity prices in each province and territory, based on a monthly consumption of 100,000 kWh. We will also discuss some factors that affect the electricity rates, such as the type and availability of electricity sources, the demand and supply of electricity, the transmission and distribution costs, the taxes and fees, and the rate design. Finally, we will provide some tips on how to save money on your electricity bill.
According to Statista, the average industrial cost of electricity in Canada was 0.13 CAD. Dollar per kWh, as of June 2023. This includes all components of the electricity bill such as the cost of power, distribution and taxes. However, this average does not reflect the diversity of electricity prices across the country. The table below shows the average total cost of electricity by province and territory, based on a monthly consumption of 100,000 kWh.
Province/Territory Cost in Canadian cents per kWh
Alberta 14.08
British Columbia 7.42
Manitoba 5.43
New Brunswick 10.69
Newfoundland & Labrador 9.02
Nova Scotia 11.58
Northwest Territories 28.11
Nunavut 35.40
Ontario 10.30
Prince Edward Island 11.42
Quebec 5.33
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