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.
Rates that are affordable for Québec households and competitive worldwide for businesses
Residential customers – Monthly bills for a consumption of 1,000 kWh/month (in CA$)
In Québec, our residential rates are nearly half of those in Toronto, and close to seven times lower than those in New York.
Rates in effect April 1, 2024.
- Montréal: $80
- Winnipeg: $105
- Vancouver: $121
- Toronto: $151
- Miami: $170
- Boston: $473
- New York: $581
Detailed report | 2024 Edition
Comparison of Electricity Prices in Major North American Cities [PDF 658 KB]
This document is published annually.
See earlier versions
- Comparison of electricity prices 2023 [PDF 1.2 MB]
- Comparison of electricity prices 2022 [PDF 1.3 MB]
- Comparison of electricity prices 2021 [PDF 1 MB]
- Comparison of electricity prices 2020 [PDF 1.3 MB]
- Comparison of electricity prices 2019 [PDF 866 kB]
- Comparison of electricity prices 2018 [PDF 743 kB]
- Comparison of electricity prices 2017 [PDF 1.6 MB]
- Comparison of electricity prices 2016 [PDF 693 kB]
- Comparison of electricity prices 2015 [PDF 1.7 MB]
- Comparison of electricity prices 2014 [PDF 1.7 MB]
- Comparison of electricity prices 2013 [PDF 2.3 MB]
- Comparison of electricity prices 2012 [PDF 1.2 MB]
Inflation and trends in energy prices in Québec
1963-2023
- 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 program that help residential customers use less electricity, consume it at the right time and save money.
- Dynamic pricing
- Hilo smart home service
- LogisVert Efficient Homes Program (financial assistance)