Sunday, March 20, 2016

Energy Costs and Canadian Households: How Much Are We Spending?

Energy is the basis of our modern lives. It fuels our economy, generating the economic production that underpins the high living standards Canadian households have achieved. But energy costs have been rising for Canadians in recent years, potentially placing bur-dens on Canadian families.

From 2010 to 2013, electricity prices have risen by an average of 1.31¢ per kWh, with increases of over 4¢ occurring in some Canadian cites. Electricity prices are also higher in Canada than in the United States, with wide variances in the amount of tax ap-plied contributing to this difference. Prices have risen for gasoline as well, increasing by 53¢ in real terms from 1994 to 2013. Canadians also pay on average 31.2¢ more for gasoline than their American counterparts. Growth in energy prices has outpaced both income growth and the rate at which household energy intensity is declining.

This study begins by estimating the average energy expenditure as a percentage of total expenses across Canada and seven regions.  (more...)

Get a handle on your energy expenses:

To learn more and choose an energy plan right for you, visit my online store:

 Click here

No comments:

Post a Comment