Comparison of electricity prices

Every year, Hydro‑Québec compares the monthly electricity bills of Québec residential, commercial, institutional and industrial customers with those of customers of the various utilities serving 21 major North American cities.

The figures below show a comparison of electricity average prices for four consumption levels in major North American cities.

Average prices for electricity (¢/kWh)

Consumption: 10,000 kWh/month
Power demand: 40 kW

  • Winnipeg, MB 9.69
  • Montréal, QC 11.66
  • Vancouver, BC 12.24
  • Toronto, ON 14.86
  • Miami, FL 16.36
  • New York, NY 43.62
  • Boston, MA 46.19

Consumption: 100,000 kWh/month
Power demand: 500 kW

  • Winnipeg, MB 11.43
  • Vancouver, BC 12.56
  • Montréal, QC 14.19
  • Miami, FL 18.55
  • Toronto, ON 21.02
  • Boston, MA 42.40
  • New York, NY 49.52

Consumption: 400,000 kWh/month
Power demand: 1,000 kW

  • Winnipeg, MB 7.92
  • Montréal, QC 9.37
  • Vancouver, BC 9.38
  • Miami, FL 13.28
  • Toronto, ON 16.47
  • Boston, MA 31.60
  • New York, NY 32.64

Consumption: 3,060,000 kWh/month
Power demand: 5,000 kW
Voltage: 25 kV

  • Montréal, QC 5.74
  • Winnipeg, MB 6.00
  • Vancouver, BC 8.12
  • Toronto, ON 10.90
  • Miami, FL 11.00
  • New York, NY 21.27
  • Boston, MA 25.74

Rates in effect April 1, 2024.
Average prices excluding taxes.
In Canadian currency.


Detailed report | 2024 Edition

See earlier versions

Inflation and trends in energy prices in Québec
1963-2023

Inflation and trends in energy prices in québec 1963 and 2023
  • The red line represents the growth in the price of Oil
  • The blue line represents the growth in the price of Gas
  • The green line represents the growth of Electricity
  • The dotted line represents Consumer Price
    Index (CPI)

This graph illustrates inflation rates and energy prices in Québec from 1963 to 2023. Electricity prices follow the inflation curve while oil and natural gas prices show greater fluctuations. Based on information available to date, the Canadian consumer price index is 975. The price index for electricity is 828, compared to 1,355 for natural gas and 4,109 for oil.

Sources: Hydro‑Québec, Régie de l'énergie, Bloomberg Oil Buyer's Guide and Statistics Canada (2023 data for oil and gas).

Offers and programs that help business customers use less electricity, consume it at the right time and save money.

See also