With President Trump enacting a 10% import tariff on Canadian energy products—alongside broader trade actions—Canada and even Ontario have responded with retaliatory measures, including electricity export tariffs to U.S. states like Michigan and New York. The result: a complex and rapidly evolving cross-border energy trade environment.
This early assessment outlines key data points and regulatory responses from major energy market players like NYISO, while also considering potential cost impacts on U.S. consumers. From legal uncertainty around taxing intangible commodities like electricity to infrastructure vulnerabilities in natural gas supply chains, the report highlights the ripple effects across both wholesale markets and end-user pricing. Whether you’re a large energy buyer or a retail supplier, understanding these dynamics is critical.
