Homeowners could see Hydro-Québec rates jump by up to $2.95 a month | Montreal Gazette

On a conference call with reporters, David Murray, the president of Hydro-Québec Distribution, said the increase is below the rate of inflation and hydro rates will remain the lowest in North America. Consumers in Toronto pay more than twice as much as Montrealers for electricity, while New Yorkers pay more than four times as much, he said.

Hydro-Québec plans to begin testing a dynamic pricing model in late 2018, Murray said. That would see rates fluctuate based on the time of day, in an effort to reduce consumption during peak periods.

This will be the third time Hydro-Québec has tested a dynamic pricing model.

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Homeowners could see Hydro-Québec rates jump by up to $2.95 a month | Montreal Gazette.