EventStatement
Hydro-Québec says its sales outside Quebec averaged about 13¢/kWh in Q1 2026 and NECEC deliveries about 9¢
In a release rebutting a press article based on Canada Energy Regulator data, HQ said sales outside Quebec generated an average price of about 13¢/kWh in the first quarter of 2026 and that NECEC deliveries to New England average about 9¢/kWh. It compared Montreal's 2025 residential price (8.29¢/kWh) with Boston (48.90¢) and New York (52.48¢). HQ's own figures; HQ's 2025 average on outside markets was about 14.5¢/kWh (18-K).
- Date
- Kind
- Statement
- Where
- Quebec
- Evidence
- Statement: Something was said. Weighted lowest: words cost less than actions. How evidence is weighed
- Who
- Hydro-Québec (acted)
Sources
- Hydro-Québec (Nouvelles), “Hydro-Québec ne vend pas son électricité moins cher aux États-Unis” (external site), . source record
Projects
Claims that rest on this event
- New electricity export lines run south, not overseas. Two lines, to New England and New York, entered service in 2026 under contracts signed before the tariffs (about 20 TWh a year). But they mostly make up for sales Hydro-Québec is losing elsewhere: comparing a normal water year with a normal water year, Canada's energy regulator puts electricity exports at about 59 TWh in 2024 and about 57 TWh in 2034, so in the journal's model power adds about nothing to what reaches the US, like for like. The model doesn't forecast rain and snow. One caveat: 2024 was actually a drought year (Canada exported only about 36 TWh), so if 2034 is a normal year, the check in 2034 will make electricity look about US$2 billion a year better, for reasons that have nothing to do with building. The Churchill Falls deal adds no new line to the US; its power goes mainly to Quebec.
Hydro-Québec says its sales outside Quebec averaged about 13¢/kWh in early 2026 and its NECEC deliveries about 9¢: the price side of the lines south, in its own figures.