Ontario Implements 25% Surcharge on Electricity Exports to U.S.

The Ontario government has implemented a new 25 per cent surcharge on electricity exports to the United States effective immediately. This surcharge is in response to tariffs imposed by the U.S. on Canadian goods. The additional charge applies to electricity supplied to approximately 1.5 million homes and businesses in Michigan, Minnesota, and New York, with an expected financial impact of up to $400,000 per day .

According to official statements, the surcharge is currently set at $10 per megawatt-hour and may be adjusted depending on ongoing trade developments. This measure is expected to accrue funds that will be directed towards supporting Ontario's economic priorities amidst these tensions .

The provincial government announced this initiative as part of a broader strategic response aimed at addressing current trade challenges. No further specifics were provided on additional retaliatory measures at this time .