
Why Electricity Prices Are Going Up in Canada (2026 Update)
Ontario hydro rates jumped 29% on November 1, 2025 per the OEB. The IESO forecasts Ontario demand to grow 75% by 2050; the Canada Energy Regulator forecasts Canadian end-use electricity demand to rise 44% by 2050. EV adoption, AI data centres, $20B+ in nuclear refurbishment and SMRs, and rising distribution charges stack on top. Solar locks in a flat per-kWh cost for 30 years.




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