Proposed tariffs on Canadian and Mexican imports could lead to higher electricity prices in the U.S. A 25% tariff on Canadian electricity could add $290 million annually to New York’s energy costs and $100 million to Massachusetts. These increases may also raise prices for goods that rely on energy for production and transportation.
Diversifying energy sources and reconsidering public utility structures could help reduce economic volatility. Investing in domestic renewables like geothermal and hydropower, along with publicly owned power models, may offer more stable and affordable electricity. Some argue that private utilities include corporate profits in pricing, making public options potentially more cost-effective.
Map of North America with countries, states on white background