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Ontario Raises Electricity Price by 25% for Minnesota, Michigan and New York
In March 2025, Ontario increased electricity prices by 25% for Minnesota, Michigan, and New York in retaliation for US tariffs, adding a $10/MWh surcharge. The province expects to earn up to $400,000 daily from the surcharge, which will be used to support Ontario workers, families, and businesses. While New York imported 4.4% of its electricity from Canada in 2023, US states may not necessarily pay the higher price due to choices in the electricity spot market.
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