Sunday, August 24, 2025

Electric cost

The new Canadian PM believes that climate change is a threat and is responding by promoting lower carbon emissions. This has a negative effect on the Western Provinces where fossil fuels are an important part of the economy. Something similar has happened in California and the latest example is the closure of two oil refineries in the state. The main reason was regulatory enforcement. This along with the closures of nuclear power plants will raise the cost of electricity. This will hit low-income families the hardest. Electricity cost in California is 35 cents per kW compared to 15 cents in MN. On average, Minnesota residents spend about $193 per month on electricity. That adds up to $2,316 per year. This equates to $450 per month in California or $5,484 per year. Canadians currently pay 20 cents per kW and hopefully not following California.

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