Swelling U.S. power prices may rise even faster in some parts of the country if 10% energy tariffs imposed by the Trump administration this week hit Canadian electricity supplies and trigger retaliation, according to energy experts and grid operators.
The U.S. imports about 1% of its total power needs, according to government data, but New York state and regions like New England rely much more heavily on electricity generated in Canada, meaning they could soon be delivering higher bills to utility customers.
Ontario Premier Doug Ford, meanwhile, told media outlets this week that he was prepared to halt the transmission of electricity from his province to the U.S. - something that could crimp supply and drives prices even higher.
The U.S. is a net importer of Canadian power, buying 2,700 gigawatt hours last year, or about 50% more than it sold to Canada, according to EIA data.
Not just pricier imported Canadian electricity as the article is covering. trump put tariffs on all energy, not just electricity. This will impact USA domestic electricity generation.
In 2023 43% of electricity in the USA was generated from Natural Gas. source: eia.gov for as long as the EIA is still around
How much of the USA’s Natural Gas comes from Canada?
“In 2022, about 99 per cent of the U.S.’s total annual natural gas imports were from Canada, and nearly all were by pipeline.” source
Expect a noticeable USA electricity prices on all Americans to rise from trump’s stupid and pointless actions against our best and closest national ally.
Gonna suck for AC this summer. It’s bad enough without this bullshit.