ISO New England reported that “99.5% of the (New England) region’s electricity in 2024 was provided by natural gas, nuclear, hydro, imported electricity (mostly hydropower from Eastern
The industry was already struggling with rising costs, market saturation, and declining demand, and the constant sense of uncertainty over tariffs only adds to the stress.
With Canada supplying a significant portion of the electricity, refined petroleum, and natural gas used in New England, many experts agree that consumers will likely bear the brunt of Trump’s tariff.
Former central banker Mark Carney will become prime minister after the governing Liberal Party elected him its leader Sunday in a landside vote with 85.9% support.
Northeastern US grid operators don’t know how to deal with US President Donald Trump’s tariffs on power imported from Canada — or if the electricity is even subject to duties.
NEW YORK (Reuters) - Swelling U.S. power prices may rise even faster in some parts of the country if 10% energy tariffs imposed by the Trump administration this week hit Canadian electricity supplies and trigger retaliation, according to energy experts and grid operators.