Canada slaps electricity tariffs on New York, Minnesota, Michigan
by Tobias Burns - 03/10/25 12:28 PM ET
The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada.
This surcharge will affect electricity sales for 1.5 million homes and businesses across Michigan, Minnesota and New York, the Ontario government said. In total, it could cost up to $400,000 per day.
New market rules are going into place requiring Canadian electricity sellers to add a $10 per megawatt-hour surcharge, equivalent to a quarter of the electricity’s average value, to the cost of power for sales to the U.S., according to a statement from Ontario’s Office of the Premier.
The additional charges are a response to 25 percent tariffs on Canadian and Mexican imports to the U.S. announced last week by the Trump administration.
Stock markets dropped again Monday as investors worried about the growing trade war. The Dow Jones average was down more than 550 points, or 1.3 percent, just after 12 p.m. EDT.
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https://thehill.com/homenews/state-watch/5186029-ontario-surcharge-us-tariffs/
