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Ontario imposes 25% surcharge on electricity exports to U.S.

  • Ontario has imposed a 25% surcharge on electricity exports to New York, Michigan, and Minnesota in response to President Trump's tariffs.
  • Premier Doug Ford emphasized that the revenue from the surcharge will support workers and families in Ontario.
  • The fee is $7 per megawatt-hour, aiming to generate up to $276,000 daily for Ontario.
  • Ford stated that the tariffs could result in an additional $69 monthly charge for consumers in the affected states.
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Forbes broke the news in United States on Monday, March 10, 2025.
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