The volume of available electricity opens the door to sales and business opportunities in neighboring markets, particularly through long-term agreements. These transactions are beneficial from both an environmental and economic standpoint. We intend to make every effort to promote our hydropower in neighboring markets.

In Québec, residential consumers paid 7.07¢/kWh for electricity in 2017, a rate that includes Hydro-Québec’s generation, transmission and distribution costs. In Boston, residential consumers paid 28.45¢/kWh, which includes the electricity purchase price as well as the transmission and distribution costs paid by U.S. utilities. Residential customers in New York City paid 29.67¢/kWh.

315-kV transmission line, Côte-Nord region.

2017 HIGHLIGHTS

  • We responded to a request for proposals (RFP) from Massachusetts for the purchase of 9.45 TWh of clean energy.
  • We responded to the New York Power Authority’s request for proposals for the purchase of 1 TWh or more of renewable energy.
  • We took part in various summits on data centers, like RE-Source 2017.
  • Google confirmed its selection of Montréal as the site for a new Cloud Region.

Trends in energy prices on Hydro-Québec’s external markets

This graph shows that after peaking in 2008, natural gas and electricity prices in northeastern North America dropped sharply in 2009, bottomed out in 2012, and then rose again.

After peaking in 2008, natural gas and electricity prices in northeastern North America dropped sharply in 2009, bottomed out in 2012, and then rose again.

Proportion of sales outside Québec in 2017

  • Other: 4%
  • Ontario: 15%
  • New York: 23%
  • New England: 52%
  • New Brunswick: 6%

Total: 34.9 TWh