Yikes! I live in Quebec, where my electricity rate is about USD $0.05/kWh. I moved from Ontario, where the rate changes based on the time of day, but is $0.07-0.12/kWh.
How does Quebec do it? In 1962, they nationalized all electricity generation. They took out large loans to purchase the companies, but paid them off from profits within 3 years, and since then electricity has been contributing to the provincial coffers.
Yikes! I live in Quebec, where my electricity rate is about USD $0.05/kWh. I moved from Ontario, where the rate changes based on the time of day, but is $0.07-0.12/kWh.
How does Quebec do it? In 1962, they nationalized all electricity generation. They took out large loans to purchase the companies, but paid them off from profits within 3 years, and since then electricity has been contributing to the provincial coffers.
Also super cheap power from Churchill Falls.