Ontario Hikes Electricity Prices for Select US States in Response to Trump's Tariffs

Ontario, Canada's most populous province, has increased electricity export prices by 25% for New York, Minnesota, and Michigan. The decision, effective Monday, is a direct response to U.S. tariffs on Canadian goods. Premier Doug Ford directed the Independent Electricity System Operator to implement a $7-per-megawatt-per-hour fee on power exports to these states. Ford stated the move was a result of President Trump's policies, despite recent exemptions for cars and select goods. The revenue, potentially $276,000 daily, will be reinvested in Ontario. While Canada's foreign affairs minister supports the move, the impact on U.S. consumers may be minimal due to alternative suppliers and the relatively small percentage of electricity imported from Ontario. New York imported about 4.4% of its total electricity from Canada in 2023. Minnesota and Michigan relied on Canadian imports even less.