Comparison of Electricity Prices in Major North American Cities 2020
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2020 Comparison of Electricity Prices in Major North American Cities Rates in effect April 1, 2020 hydro quebec .com TABLE OF CONTENTS INTRODUCTION 3 METHOD 9 HIGHLIGHTS 11 Residential Customers 11 Small-Power Customers 12 Medium-Power Customers 13 Large-Power Customers 16 DETAILED TABLES 1 Summary Tables (excluding taxes) 19 2 Summary Tables (including taxes) 25 3 Detailed Tables – Residential 31 4 Detailed Tables – Small Power 37 5 Detailed Tables – Medium Power 43 6 Detailed Tables – Large Power 49 APPENDICES A Rate Adjustments 55 B Time-of-Use Rates Adjustment Clauses 59 C Applicable Taxes 65 D Utilities in the Study 73 1 INTRODUCTION Every year, Hydro-Québec compares the monthly electricity bills of Québec customers in the residential, commercial, institutional and industrial sectors with those of customers of the various utilities serving 21 major North American cities. This report details the principal conclusions of this comparative analysis of prices in effect on April 1, 2020. There are three sections. The first describes the method used to estimate electricity bills. The second examines the highlights of the seven consumption levels analyzed, with the help of charts. Finally, the third presents the results of the 21 consumption levels for which data were collected and compiled in the form of summary and detailed tables. The most recent rate adjustments, time-of-use rates, adjustment clauses and applicable taxes, as well as a profile of the utilities in the study, appear in separate appendices. 3 MAJOR NORTH AMERICAN CITIES AVERAGE PRICES FOR RESIDENTIAL CUSTOMERS1,2 (IN ¢/k W h)3 1927 Privy Council border (not final) St. John’s, N L: 13.60 Edmonton, A B: 14.29 Vancouver, B C: 11.51 Charlottetown, P E: 16.83 Calgary, A B: 14.83 Moncton, N B: 13.42 Seattle, W A: 17.83 Regina, S K: 16.51 Halifax, N S: 16.89 Winnipeg, M B: 9.60 Montréal, Q C: 7.30 Portland, O R: 14.62 Ottawa, O N: 10.29 Toronto, O N: 11.10 Boston, M A: 34.28 Detroit, M I: 24.02 New York, N Y: 33.68 Chicago, I L: 19.13 San Francisco, C A: 36.66 Nashville, T N: 16.60 Abbreviations Used AB Alberta BC British Columbia CA California Houston, T X: 15.96 FL Florida IL Illinois Miami, F L: 13.31 MA Massachusetts MB Manitoba MI Michigan NB New Brunswick NL Newfoundland and Labrador NS Nova Scotia NY New York ON Ontario OR Oregon 1) For a monthly consumption of 1,000 k W h; rates in effect April 1, 2020. PE Prince Edward Island 2) Average prices excluding taxes. QC Québec 3) In Canadian currency. SK Saskatchewan TN Tennessee TX Texas WA Washington 4 MAJOR NORTH AMERICAN CITIES AVERAGE PRICES FOR LARGE-POWER CUSTOMERS1,2 (IN ¢/k W h)3 1927 Privy Council border (not final) St. John’s, N L: 9.12 Edmonton, A B: 10.64 Vancouver, B C: 7.84 Charlottetown, P E: 9.51 Calgary, A B: 9.73 Moncton, N B: 8.13 Seattle, W A: 12.04 Regina, S K: 8.98 Halifax, N S: 10.72 Winnipeg, M B: 5.53 Montréal, Q C: 5.20 Portland, O R: 8.77 Ottawa, O N: 11.36 Toronto, O N: 11.23 Boston, M A: 21.15 Detroit, M I: 9.08 New York, N Y: 12.60 Chicago, I L: 7.90 San Francisco, C A: 17.77 Nashville, T N: 11.59 Abbreviations Used AB Alberta BC British Columbia CA California Houston, T X: 10.09 FL Florida IL Illinois Miami, F L: 8.76 MA Massachusetts MB Manitoba MI Michigan NB New Brunswick NL Newfoundland and Labrador NS Nova Scotia NY New York ON Ontario OR Oregon 1) For a monthly consumption of 3,060,000 k W h and a power demand of 5,000 k W; PE Prince Edward Island rates in effect April 1, 2020. QC Québec 2) Average prices excluding taxes. SK Saskatchewan 3) In Canadian currency. TN Tennessee TX Texas WA Washington 5 MAJOR CANADIAN CITIES OVERVIEW OF CHANGES IN AVERAGE PRICES FOR RESIDENTIAL CUSTOMERS (IN ¢/k W h) – 2016 TO 20201,2,3,4 ¢/k W h 18 16 14 12 10 8 6 4 2016 2017 2018 2019 2020 AVERAGE PRICES FOR RESIDENTIAL CUSTOMERS (IN ¢/k W h)1,2,3,4 2016 2017 2018 2019 2020 Canadian Cities Montréal, Q C 7.23 7.07 7.13 7.30 7.30 Calgary, A B 10.40 10.45 15.79 15.74 14.83 Charlottetown, P E 16.02 16.42 16.83 16.83 16.83 Edmonton, A B 10.37 10.34 14.35 14.68 14.29 Halifax, N S 15.88 16.15 16.41 16.69 16.89 Moncton, N B 12.50 12.97 12.97 13.10 13.42 Ottawa, O N 16.15 15.21 12.16 12.04 10.29 Regina, S K 14.65 15.94 16.51 16.51 16.51 St. John’s, N L 11.96 11.15 12.03 12.80 13.60 Toronto, O N 17.81 16.32 13.24 13.89 11.10 Vancouver, B C 10.70 11.08 11.42 11.62 11.51 Winnipeg, M B 8.43 8.71 9.00 9.37 9.60 1) For a monthly consumption of 1,000 k W h. 2) In Canadian currency. 3) Data from Comparison of Electricity Prices in Major North American Cities publications, Hydro-Québec, 2016-2020. 4) Average prices excluding taxes. 6 MAJOR CANADIAN CITIES OVERVIEW OF CHANGES IN AVERAGE PRICES FOR LARGE-POWER CUSTOMERS (IN ¢/k W h) – 2016 TO 20201,2,3,4 ¢/k W h 18 16 14 12 10 8 6 4 2016 2017 2018 2019 2020 AVERAGE PRICES FOR LARGE-POWER CUSTOMERS (IN ¢/k W h)1,2,3,4 2016 2017 2018 2019 2020 Canadian Cities Montréal, Q C 5.17 5.18 5.18 5.20 5.20 Calgary, A B 4.82 6.09 8.32 11.97 9.73 Charlottetown, P E 9.12 9.31 9.51 9.51 9.51 Edmonton, A B 6.78 7.68 8.53 12.80 10.64 Halifax, N S 10.02 10.14 10.26 10.39 10.72 Moncton, N B 7.60 7.86 7.86 7.93 8.13 Ottawa, O N 12.91 12.46 10.80 11.57 11.36 Regina, S K 7.97 8.67 8.98 8.98 8.98 St. John’s, N L 7.88 6.95 7.84 8.52 9.12 Toronto, O N 13.04 14.55 10.66 11.91 11.23 Vancouver, B C 7.35 7.54 7.77 7.91 7.84 Winnipeg, M B 4.85 5.01 5.18 5.39 5.53 1) For a monthly consumption of 3,060,000 k W h and a power demand of 5,000 k W. 2) In Canadian currency. 3) Data from Comparison of Electricity Prices in Major North American Cities publications, Hydro-Québec, 2016-2020. 4) Average prices excluding taxes. 7 METHOD GEOGRAPHIC LOCATION In addition to Hydro-Québec, this comparative analysis Electricity distributors sometimes offer different rates of electricity prices across North America includes in the various cities they serve. As well, taxes may vary 22 utilities: 12 serving the principal cities in the 9 other from one region to another. This, however, is not the case Canadian provinces, and 10 utilities in American states. in Québec, where, with the exception of territories north The results are based, in part, on a survey to which of the 53rd parallel, taxes and rates are applied uniformly. 14 utilities responded, and in part on estimates of bills For the purposes of this study, the bill calculations calculated by Hydro-Québec. estimate as closely as possible the actual electricity bills The results presented here show the total bill for various of consumers in each target city, based on rates in effect consumption levels. If the bill is calculated according to on April 1, 2020. an unbundled rate, it includes all components, including supply, transmission and distribution. TIME-OF-USE RATES PERIOD COVERED The rates offered by some utilities vary depending on the season and/or time of day when energy is consumed. Monthly bills have been calculated based on rates in effect In the United States, for example, a number of utilities set a on April 1, 2020. The most recent rate adjustments applied higher price in summer, when demand for air-conditioning by the Canadian utilities in the study between April 1, 2019, is stronger. In Québec, on the other hand, demand and April 1, 2020, are shown in Appendix A. increases in winter because of heating requirements. Thus, for some utilities, April 1 may fall within a period in the year when the price is high, whereas for others it falls in a period when the price is low. An annual average price CONSUMPTION LEVELS has therefore been calculated in the case of utilities with time-of-use rates, which are listed in Appendix B. Seven consumption levels were selected for analysis. However, data were collected for 21 consumption levels and those results are presented in the Detailed Tables. ADJUSTMENT CLAUSES The rates of some distributors include adjustment clauses TAXES that allow them to adjust their customers’ electricity bills according to changes in different variables. Since these adjustments may be applied monthly, or over a longer With the exception of the bills presented in Section 2, period, the electricity bills issued by a given distributor taxes are not included in any of the calculations.