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For electricity, all provinces should expect adequate supply this summer. Ontario wholesale on-peak prices are forecast to range between $35 and $45 per megawatt hour (MW.h), slightly higher than the five-year low average price of $29 MW.h observed last summer. On-peak prices in Alberta are expected to be higher this summer, averaging between $95 and $105 per MW.h, up from last summer’s average price of $86 per MW.h. Saskatchewan, Manitoba, Québec, Nova Scotia and Newfoundland saw electricity rate increases earlier this year, and as a result, these provinces are not expecting higher prices for the forecast period.
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