Despite Ontario Premier raising electricity prices for New York, Michigan and Minnesota, less than 1% of MISO’s total energy was supplied via Canadian imports

FILE PHOTO: Windmills generate electricity in the windy rolling foothills of the Rocky Mountains near the town of Pincher Creek, Alberta, September 27, 2010. REUTERS/Todd Korol/File Photo

Revelation 13:16-18 Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.

Important Takeaways:

  • The leader of Canada’s most populous province has followed through on a pledge to hike electricity prices for Americans in response to President Trump’s tariffs as residents of US border states New York, Minnesota and Michigan can expect to pay more for power.
  • The Canadian province of Ontario raised electricity export prices by 25% for the three American states on Monday — marking a direct response to the escalating trade dispute between the two countries.
  • Ontario Premier Doug Ford ordered the Independent Electricity System Operator, which oversees the province’s electricity market, to implement a $7-per-megawatt-per-hour fee on all power exports to the three states, Bloomberg News reported.
  • Despite the aggressive stance, the actual impact on US consumers may be minimal.
  • Electricity prices on US spot markets, where power is bought and sold in real-time, fluctuate based on supply and demand.
  • With multiple sources available, American buyers are not obligated to purchase from Ontario, meaning they may be able to source cheaper electricity from alternative suppliers.
  • New York imported about 4.4% of its total electricity from Canada in 2023, according to Bloomberg calculations using data from the state’s grid operator.
  • Minnesota and Michigan relied on Canadian imports even less, according to the Midcontinent Independent System Operator (MISO), which manages the power grid across much of the Midwest.
  • “In 2024, less than 1% of MISO’s total energy was supplied via Canadian imports and less than half of that came from Ontario”

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