Industrial electricity prices vary significantly across Canada. As of April 2023, the large industrial price of electricity in Edmonton averaged 24.32 Canadian cents per kilowatt-hour. In contrast, Winnipeg recorded an average of 5.62 cents per kilowatt-hour at the time.

End-users in Canada face varying electricity costs, with a national monthly average of 19.2 Canadian cents per kilowatt-hour, as of September 2023. Due to their remote location, electric energy is most expensive in the Northwest Territories, where the price per kilowatt-hour stands at 41 Canadian cents. Electricity generation in the Northwest Territories is largely reliant on hydropower and petroleum. How is electricity produced in Canada? Canada’s electricity generation employs a diverse array of energy sources; however, the country is primarily reliant on hydroelectric power. Hydraulic turbines, propelled by flowing water, drive generators that produce electricity. The widespread use of hydroelectricity, particularly in the province of Quebec, has contributed to the province having the cheapest electricity prices nationwide, at 7.8 Canadian cents per kilowatt-hour. In 2022, Canada generated nearly 393 terawatt-hours of hydroelectric power. Average industrial and residential electricity prices in Canada Industry electricity prices within Canadian cities differ, and the average industrial electricity price in Canada fluctuated between 5.33 and 14.08 Canadian cents per kilowatt-hour in 2022. By comparison, the average residential electricity prices in Canada oscillated between 7.59 and 19.48 Canadian cents per kilowatt-hour, depending on the city. Notably, residential energy costs across the country tend to be higher when compared to the industrial sector.

Electric power selling price index (EPSPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2014=100).

As of April 2023, the average price of residential electricity in Edmonton, Alberta, was about ***** Canadian cents per kilowatt-hour. Meanwhile, the average price of electricity in Montreal, Quebec, amounted to some **** cents per kilowatt-hour.

Monthly indexes and percentage changes for major components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the corresponding month of the previous year, the previous month and the current month. The base year for the index is 2002=100.

The hourly electricity price in Ontario amounted to an average of about 2.97 Canadian cents per kilowatt hour in 2023. This was very close to Ontario's electricity prices in 2021, but was a decrease of 1.74 Canadian cents per kilowatt hour in comparison to the average prices in 2022.

In 2021, the province of Quebec had the highest electricity use share in Canada, accounting for some 37.5 percent of the national usage. Meanwhile, Manitoba and Saskatchewan each only represented about four percent of Canada's electricity use each that year.