Commodities
Ontario Raises Electricity Price by 25% for Minnesota, Michigan and New York
- Province expects move to generate as much as C$400,000 daily
- New York imported 4.4% of its electricity from Canada in 2023
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A Canadian province that exports electricity to the US raised power prices for three states by 25% on Monday in retaliation for President Donald Trump’s tariffs.
Ontario directed its grid operator, the Independent Electricity System Operator, to add a C$10 ($7) per megawatt-hour surcharge to all power exported to Minnesota, Michigan and New York.