Ontario’s electricity system is well positioned to meet any challenges and pursue any opportunities that may occur over the next 20 years. Nearly $70 billion has been invested in the electricity system since 2003. These investments have several benefits, including providing a clean, reliable electricity system.

This is a significant change compared to 2003, when power from sources emitting greenhouse gases (GHG) made up one-third of the province’s generation mix.

Figure 1: 2003 total generation by emitting and non-emitting sources (TWh)

2003 total generation by emitting and non-emitting sources

Source: IESO

Figure 2: 2016 total generation by emitting and non-emitting sources (TWh)

2016 total generation by emitting and non-emitting sources

Source: IESO

Making energy affordable

The much-needed investments in our electricity system have led to higher electricity prices. As a result, Ontario’s Fair Hydro Plan was developed to relieve the cost pressures caused by these system improvements. It builds on actions already taken over the past several years that reduced electricity costs for families, farms and businesses, including:

  • Deferring the construction of two new nuclear reactors at the Darlington Nuclear Generating Station, avoiding an estimated $15 billion in new construction costs;
  • Driving down the cost of renewable energy generation through annual reviews of Feed-In Tariff (FIT) pricing, revised procurement totals, and the introduction of competitive procurement for large renewable projects. This reduced the cost of renewable energy generation by at least $3 billion, compared to the forecast in the 2013 Long-Term Energy Plan (2013 LTEP);
  • Suspending the second round of the large renewable procurement process (LRP ll) and the Energy-from-Waste Standard Offer Program. This is expected to save up to $3.8 billion compared to the forecast in the 2013 LTEP;
  • Renegotiating the Green Energy Investment Agreement with Samsung, reducing contract costs by $3.7 billion;
  • Starting the refurbishments at the Bruce Nuclear Generating Station in 2020, instead of 2016, helping to save $1.7 billion compared to the forecast in the 2013 LTEP; and
  • Pending regulatory approvals, continuing to operate the Pickering Nuclear Generating Station up to 2024, for an estimated saving for ratepayers of as much as $600 million.

Ontario’s Fair Hydro Plan

On June 1, 2017, the Fair Hydro Act, 2017 became law, providing additional help for electricity consumers. Ontario’s Fair Hydro Plan:

  • Reduces electricity bills by an average of 25 per cent for residential consumers, and will hold any increases to the rate of inflation for four years. As many as half a million small businesses and farms are also benefiting from the reduction;
  • Expands the Ontario Electricity Support Program (OESP) by increasing the on-bill credits by 50 per cent and making more Ontarians eligible for the program;
  • Provides enhanced distribution rate protection for residential customers served by the local distribution companies (LDCs) that have some of the highest rates. This will let eligible customers save as much as 40 to 50 per cent on their electricity bills. The enhanced distribution rate protection broadens the support provided under the existing Rural or Remote Electricity Rate Protection (RRRP);
  • Reduces the monthly electricity bills for on-reserve First Nation residential customers of licensed distributors by giving the customers a 100 per cent credit on the delivery line or service charge of their bills. This provides eligible customers with an average monthly benefit of $85;
  • Shifts the funding of the OESP and most of the RRRP program from electricity bills to provincial revenues. This will reduce the regulatory charges paid by all Ontario ratepayers;
  • Allows smaller manufacturers and greenhouses with average monthly peak demand greater than 500 kilowatts (kW) to participate in the Industrial Conservation Initiative (ICI). This gives them a strong incentive to lower their consumption during peak hours and can reduce their bills by an average of one-third;
  • Includes the 8 per cent rebate that took effect on January 1, 2017, a reduction equal to the provincial portion of the Harmonized Sales Tax; and
  • Establishes an Affordability Fund to help Ontarians who do not qualify for low-income conservation programs to make energy efficiency improvements to their homes, improvements that could not otherwise be done without the support.

Additional details on Ontario’s Fair Hydro Plan

Ontario Electricity Support Program

In order to benefit more low-income Ontarians and provide them with additional support, Ontario has expanded the eligibility criteria for the OESP and increased the monthly credits on their electricity bills by 50 per cent. This means that:

  • A single customer earning under $28,000 can now receive $45 per month, up from $30;
  • A family of four with combined earnings under $48,000 can now receive $40 per month; and
  • Seven or more people living together who earn a total of $39,000 or less can receive $75 per month, up from $50.

Electricity customers are eligible if they meet the program’s household size and income requirements. The amounts of the basic credits are in figure 3.

Figure 3

Amounts of monthly credits of Ontario Electricity Support Program (OESP) by household income level
Household size
(Number of people living in household)
$28,000 or less $28,001 to $39,000 $39,001 to $48,000 $48,001 to $52,000
1 $45 n/a n/a n/a
2 $45 $40 n/a n/a
3 $51 $45 $35 n/a
4 $57 $51 $40 n/a
5 $63 $57 $45 $35
6 $75 $63 $51 $40
7+ $75 $75 $57 $45

If a customer is eligible, uses electric heat as their primary heating source, has certain electrically intensive medical devices, or is Indigenous or lives with Indigenous family members, the OESP provides an enhanced credit (see figure 4).

Figure 4

Amounts of monthly credits of Ontario Electricity Support Program (OESP) by household income level – Energy intensive
Household size
(Number of people living in household)
$28,000 or less $28,001 to $39,000 $39,001 to $48,000 $48,001 to $52,000
1 $68 n/a n/a n/a
2 $68 $60 n/a n/a
3 $75 $68 $52 n/a
4 $83 $75 $60 n/a
5 $90 $83 $68 $52
6 $113 $90 $75 $60
7+ $113 $113 $83 $68

Ontario is also working to improve co-ordination across provincial programs that provide support to low-income Ontarians. Synchronizing the OESP with social assistance programs will help get more vulnerable consumers into the program so they can receive the support they need on electricity bills. This includes ensuring that anyone deemed financially eligible for Ontario Works or the Ontario Disability Support Program will automatically be eligible for the OESP.

Distribution rate protection

The RRRP program lowers the distribution rates paid by rural and remote customers who face higher distribution costs compared to other areas.

Ontario has expanded this rate protection to provide distribution rate relief to residential customers served by LDCs with some of the highest rates. About 800,000 customers now benefit from the enhanced distribution rate protection.

LDCs whose customers are benefiting from the enhanced distribution rate protection include: Hydro One (medium- and low-density rate classes), Northern Ontario Wires, Lakeland Power (Parry Sound service territory), Chapleau, Sioux Lookout, InnPower, Atikokan and Algoma. The level of benefits differs from utility to utility.

First Nations Delivery Credit

The First Nations Delivery Credit benefits approximately 21,500 residential customers living on reserves.

The credit provides much needed relief from the high electricity costs faced by First Nation on-reserve households and encourages their socio-economic well-being. This is an important step towards reconciliation and strengthening the relationship between Ontario and First Nations.

The elimination of the delivery charge will assist our citizens by reducing energy poverty in our communities. It also represents recognition for the use of the land in the development and expansion of the provincial energy grid." "Poverty, lack of opportunity and choosing to pay for electricity over food is a reality that affects our people. Ontario’s commitment is commendable and allows a path forward for greater quality of life for First Nations in Ontario.

Ontario Regional Chief Isadore Day

Industrial Conservation Initiative

The Industrial Conservation Initiative (ICI) provides incentives to large electricity consumers to reduce their consumption and lower their electricity costs during peak hours. This also benefits the electricity system by deferring the longer-term need for new peaking generation.

To give more businesses the opportunity to participate in the ICI, Ontario has lowered the threshold for entry and increased the number of companies that can benefit. As of July 1, 2017, all customers with an average monthly peak demand of greater than one megawatt (MW) are eligible for the program. In addition, small manufacturing companies and greenhouses with average monthly peak demand greater than 500 kW and one MW or less are also eligible.

Affordability Fund

Ontario offers a suite of conservation and energy efficiency programs that can help customers manage their energy usage and reduce their costs over the long-term. The government has recently taken steps to improve the availability of programs so that all Ontarians can take advantage of conservation opportunities (see Chapter 5). Among these, the government has launched an Affordability Fund to help those Ontarians not eligible for low-income conservation programs and who need support to improve the energy efficiency of their homes. The fund is expected to pay for the installation of household improvements such as energy-saving LED light bulbs, power bars, better insulation, and energy-efficient window air conditioners and refrigerators.

The Affordability Fund is administered by an independent trust that distributes funds to the LDCs that apply. LDCs, working with community partners, are in the best position to provide energy efficiency improvements to consumers in need of assistance.

Refinancing the Global Adjustment to ensure intergenerational fairness

Ontario’s Fair Hydro Plan helps electricity consumers by refinancing a portion of the Global Adjustment (GA). The GA pays costs associated with contracted and rate-regulated generation, as well as conservation and demand management programs in Ontario.

The majority of the province’s electricity generators have 20-year contracts, but many facilities are expected to operate beyond the life of those contracts and thus provide additional benefits to Ontarians in the future.

Present-day consumers should not be burdened with paying a disproportionate share of investments that provide benefits for decades to come. To relieve the burden on today’s ratepayers and share costs more fairly with future generations, a portion of the GA is being refinanced to spread the cost of electricity investments over a longer period of time. This refinancing, which reflects the expected longer life cycle of existing facilities, provides significant and immediate rate relief and helps ensure intergenerational fairness.

Expanding the low-income conservation program

To enhance and improve the availability of conservation programs helping low-income customers, the government directed the Independent Electricity System Operator (IESO) in August 2017 to centrally design, fund and deliver a conservation program for low-income customers. The program, to start in January 2018, is expected to enhance and increase access to the Save on Energy Home Assistance Program. LDCs may continue to deliver their own program if the IESO determines they have demonstrated a commitment to serve this sector.

Existing help for families and individuals

The measures included in Ontario’s Fair Hydro Plan build on existing programs that Ontario families and individuals can use to help reduce their electricity costs. This assistance includes:

  • The Ontario Energy and Property Tax Credit, for low- to moderate-income individuals;
  • Low-income Energy Assistance Programs, for emergency situations;
  • The Save on Energy for Home programs, which help households to become more energy efficient; and
  • The Northern Ontario Energy Credit, for eligible families and individuals living in Northern Ontario.

In addition, new incentives programs, to be created under the Climate Change Action Plan, will provide increased benefit to low-income households.

Existing help for businesses and industry

There are a number of measures already in place to help industries, business and commercial operations and institutions lower their electricity costs. These measures include:

  • The Industrial Accelerator Program (IAP), which assists eligible transmission-connected companies and their distribution-connected sites to fast-track the capital investment needed for major energy conservation projects;
  • The Save on Energy for Business programs, which provide financial incentives that help distribution-connected businesses to reduce their electricity use and manage costs though energy audits, retrofits and process and system improvements; and
  • The Northern Industrial Electricity Rate (NIER) Program, which provides rate rebates to Northern energy-intensive industries facing competitiveness pressures due to higher energy costs. The program also assists industrial consumers in developing and implementing energy management plans to manage their usage and reduce costs.

In addition to these measures, Ontario is looking for new ways to provide electricity rate assistance to consumers that are too large to be eligible for the OEB's Regulated Price Plan (RPP). The government and the Ontario Energy Board (OEB) are working together on potential approaches to regulatory changes including how the GA is charged to these consumers, also known as non-RPP Class B consumers. For these consumers, the GA is charged at the same rate regardless of the time that they consume electricity. A GA charge that varies with time of use would lower prices for some Class B consumers and encourage more efficient consumption. Consultations will take place before any changes would be made.

Ontario will continue to explore innovative ways to provide assistance to these mid-sized consumers, while striving to increase system efficiency. The government will continue to engage with businesses and industry to explore options to reduce costs for these consumers. The government is collaborating with the Ontario Chamber of Commerce to raise awareness about energy efficiency and the savings programs available for small and medium businesses.

Program offerings through the new Green Ontario Fund will help Ontario businesses and industries increase their use of low-carbon technologies while also reducing costs.

Electricity price forecast

The 2017 LTEP's outlook for residential prices shows progress compared to earlier outlooks in the 2010 and 2013 LTEPs. The residential price outlook in the 2017 LTEP remains below the 2013 LTEP outlook for the full forecast horizon due to the Ontario Fair Hydro Plan, removing costs from the electricity system, the anticipated benefits from implementing Market Renewal initiatives, and more efficient consumption of electricity. The outlook also considers the impacts of cap and trade and assumes that some of our generation assets will continue to be available for the duration of the planning outlook.

Figure 5: Electricity price outlook - Residential consumers

Electricity price outlook - Residential consumers

Source: IESO

Note: Forecasts used in Delivering Fairness and Choice reflect prevailing patterns of consumption. Between late-2009 and mid-2016, the OEB defined the typical residential customer as a household that consumed 800 kWh of electricity per month. As of May 2016, the OEB changed their typical residential consumption to 750 kWh per month, due to declining household consumption.

As shown in Figure 6, the 2017 LTEP price outlook for large industrial electricity consumers reflects average increases in line with inflation over the forecast period. The actual price paid by a large industrial electricity consumer is dependent on their consumption patterns and can vary among industries and specific consumers.

Currently, the electricity price for industrial electricity consumers in Ontario is lower than the average price in the Great Lakes region as reported by the U.S. Energy Information Administration. Consumers in Northern Ontario that participate in the NIER Program can achieve even lower rates.

Figure 6: Electricity price outlook - Large industrial consumers

Electricity price outlook - Large industrial consumers

Source: IESO, Ministry of Energy

Note: Commodity price based on forecast Hourly Ontario Energy Price (HOEP) and GA averaged across Class A. Actual prices for Class A are dependent on each consumer’s participation under ICI. Class A above reflects a transmission-connected facility. Participants in the NIER Program, which is funded through provincial revenues, receive a $20/MWh reduction.

Increasing consumer protection

The Province has been working consistently to increase protection for electricity consumers. On January 1, 2017, new provisions of the Energy Consumer Protection Act, 2010, came into force that protect Ontario consumers from fraudulent claims and high-pressure sales tactics by restricting the door-to-door sale of energy contracts. Additionally, the Protecting Vulnerable Energy Consumers Act, 2017 gave the OEB the authority to prohibit disconnections during certain periods of time, such as winter. The Province will now turn its attention to protecting consumers who live in condominiums and other multi-unit residential buildings and are served by unit sub-meter providers (USMPs).

USMPs are private companies that meter and send bills directly to residents of units in multi-unit residential buildings for the electricity they consume. The OEB currently licenses 28 USMPs that provide services to 326,000 individually-metered units in 2,500 buildings. Residential customers inherit the pricing arrangements; costs are agreed to by the owner or developer of the building or by the condominium board.

Consumers have told both the Province and the OEB that they would like to know more about how these decisions are made and what they are being asked to pay for. That is why the government will enable the OEB to increase its oversight of sub-metering companies and bring in new consumer protection measures.

Improving consumer protection and strengthening the OEB's regulatory powers over USMPs would ensure that their fees and charges are just and reasonable, and that customers served by these companies receive value for money. It would also give the OEB more insight into how these companies determine their costs and set their rates and how they set up their contractual agreements with developers.

The Province intends that broader USMP regulation will enable consumers living in condominiums and other multi-unit residential buildings to enjoy similar protections as LDC customers. Consumers served by USMPs could benefit from:

  • Clarity about what goes into the prices they are charged;
  • Practices regarding disconnections; and
  • Access to the OEB's processes to resolve issues regarding the quality of service USMPs provide to their customers.

The Minister of Energy will request that the OEB make it a priority to review these issues.

Natural gas expansion

Ontario is expanding access to natural gas to give consumers greater choice in their energy supply and to aid the economic development of their communities. To do this, the government launched a new $100 million Natural Gas Grant Program in April 2017. It supports both the expansion of natural gas pipelines and the construction of new infrastructure for liquefied or compressed natural gas. The average consumer could save an estimated $1,100 a year under this program by switching from heating with oil to natural gas.

A new regulatory framework issued by the OEB in November 2016 makes natural gas expansion more economically feasible for unserved communities by giving utilities more flexibility in how they structure their rates. The framework also encourages multiple utilities to compete to serve these communities. On August 10, 2017, the OEB released its first decision under the new framework, approving an expansion of natural gas service to several communities. Natural gas is one of several different energy options that provide greater consumer choice and can help to reduce overall energy costs.

Summary

  • Ontario’s Fair Hydro Plan reduced electricity bills by an average of 25 per cent for residential consumers and will hold any increases to the rate of inflation for four years. As many as half a million small businesses and farms are also benefiting from the reduction. Ontario’s Fair Hydro Plan builds on previous actions that reduced electricity costs for families, farms and businesses.
  • Ontario will share the costs of existing electricity investments more fairly with future generations by refinancing a portion of the Global Adjustment, spreading the cost of the investments over a longer period of time.
  • Residential customers served by local distribution companies with some of the highest rates are getting enhanced distribution rate protection. This will save eligible customers as much as 40 to 50 per cent on their electricity bills.
  • The First Nations Delivery Credit reduces the monthly electricity bills of on-reserve First Nation residential customers of licensed distributors.
  • Residential electricity prices over the 2017 LTEP outlook period are forecast to remain below the level forecast in the 2013 LTEP. The outlook for electricity prices for large business reflects average increases in line with inflation over the forecast period.
  • The government will enhance consumer protection by giving the Ontario Energy Board increased regulatory authority over unit sub-meter providers.
  • The government will continue to support expanded access to natural gas, giving consumers greater choice and aiding in the economic development of their communities.

Accessible descriptions

Figure 1: 2003 total generation by emitting and non-emitting sources (TWh)

Figure 1 is a pie chart that shows 2003 total electricity generation in terawatt hours, by greenhouse gas emitting and non-emitting sources.

Total generation in Ontario in 2003 amounted to 147.4 terawatt hours. Of this, 99.1 terawatt hours or 67 per cent was from non-emitting sources and 48.3 terawatt hours, or 33 per cent of total generation, came from emitting sources.

Non-emitting sources 99.1 67.2%
Emitting sources 48.3 32.8%
Total 147.4 100.0%

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Figure 2: 2016 total generation by emitting and non-emitting sources (TWh)

Figure 2 is a pie chart that shows 2016 total generation in terawatt hours, by greenhouse gas emitting and non-emitting sources.

Total generation in Ontario in 2016 amounted to 156.6 terawatt hours. Of this, 143.8 terawatt hours or 92 per cent was from non-emitting sources and 12.8 terawatt hours, or 8 per cent of total generation, came from emitting sources.

This is a significant change compared to 2003, when power from sources emitting greenhouse gases made up one-third of the province’s generation mix. This transformation is due to the retirement of coal-fired generating stations and the province’s investments in clean generation sources.

Non-emitting sources 143.8 91.8%
Emitting sources 12.8 8.2%
Total 156.6 100.0%

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Figure 5: Electricity price outlook - Residential consumers

Figure 5 is a line chart that shows forecast electricity prices for residential consumers from 2017 to 2035. The vertical axis is labelled "Monthly Residential Bill," and is numbered from 0 to 250 in increments of 50. The unit of measurement for the vertical axis is nominal dollars. The horizontal axis shows the years for the outlook period, from 2010 to 2035.

Three lines are shown in this chart. The lines are price outlooks from the three Long-Term Energy Plans that have been released by the Ministry of Energy. The first line shows the 2010 Long-Term Energy Plan price outlook for residential consumers from 2010 to 2030. The second line shows the 2013 Long-Term Energy Plan price outlook for residential consumers from 2013 to 2032. The third line shows the 2017 Long-Term Energy Plan price outlook for residential consumers from 2016 to 2035.

The 2010 price outlook is the highest of the three; the 2013 price outlook is lower than the 2010 price outlook for all years in the outlook period. The 2017 residential price outlook projects to be lower than both the 2010 and 2013 price outlooks for the full forecast horizon through to 2035. The 2017 outlook dips sharply from 2016 to 2017 in order to reflect the Ontario Fair Hydro Plan, which lowers typical residential electricity bills by 25 per cent and will hold any increases to the rate of inflation for four years. Following the inflationary cap, residential electricity rates increase at an average of about 5 per cent over the 7-year period from 2021 to 2027, levelling out by the early 2030s.

Monthly residential bill (Nominal $)
Year 2010 LTEP (800 kWh) 2013 LTEP (800 kWh) 2017 LTEP (750 kWh)
2010 $114 n/a n/a
2011 $128 n/a n/a
2012 $141 n/a n/a
2013 $154 $125 n/a
2014 $162 $137 n/a
2015 $167 $145 n/a
2016 $172 $167 $158
2017 $178 $170 $127
2018 $191 $178 $123
2019 $190 $177 $125
2020 $204 $181 $128
2021 $212 $187 $132
2022 $218 $193 $142
2023 $216 $188 $152
2024 $216 $191 $164
2025 $218 $194 $171
2026 $215 $198 $176
2027 $218 $200 $181
2028 $221 $202 $186
2029 $225 $204 $191
2030 $228 $205 $196
2031 n/a $207 $195
2032 n/a $210 $197
2033 n/a n/a $197
2034 n/a n/a $195
2035 n/a n/a $193
Annual change ($)
Year 2010 LTEP (800 kWh) 2013 LTEP (800 kWh) 2017 LTEP (750 kWh)
2011 $14 n/a n/a
2012 $13 n/a n/a
2013 $13 n/a n/a
2014 $8 $12 n/a
2015 $5 $8 n/a
2016 $5 $22 n/a
2017 $6 $3 -$31
2018 $13 $8 -$4
2019 -$1 -$1 $2
2020 $14 $4 $3
2021 $8 $6 $4
2022 $6 $6 $10
2023 -$2 -$5 $10
2024 $0 $3 $12
2025 $2 $3 $7
2026 -$3 $4 $5
2027 $3 $2 $5
2028 $3 $2 $5
2029 $4 $2 $5
2030 $3 $1 $5
2031 n/a $2 -$1
2032 n/a $3 $2
2033 n/a n/a $0
2034 n/a n/a -$2
2035 n/a n/a -$2
Annual change (%)
Year 2010 LTEP (800 kWh) 2013 LTEP (800 kWh) 2017 LTEP (750 kWh)
2011 12% n/a n/a
2012 10% n/a n/a
2013 9% n/a n/a
2014 5% 10% n/a
2015 3% 6% n/a
2016 3% 15% n/a
2017 3% 2% -20%
2018 7% 5% -3%
2019 -1% -1% 2%
2020 7% 2% 2%
2021 4% 3% 3%
2022 3% 3% 8%
2023 -1% -3% 7%
2024 0% 2% 8%
2025 1% 2% 4%
2026 -1% 2% 3%
2027 1% 1% 3%
2028 1% 1% 3%
2029 2% 1% 3%
2030 1% 0% 3%
2031 n/a 1% -1%
2032 n/a 1% 1%
2033 n/a n/a 0%
2034 n/a n/a -1%
2035 n/a n/a -1%

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Figure 6: Electricity price outlook - Large industrial consumers

Figure 6 is a line chart that shows forecast electricity prices for large industrial consumers from 2017 to 2035. The price is based on forecast Hourly Ontario Energy Price and Global Adjustment, averaged across Class A. Class A reflects a transmission-connected facility. The vertical axis is labelled "All-In Electricity Price," and is numbered from 40 to 120 in increments of 20. The All-In Electricity Price’s unit of measurement is nominal dollars per megawatt hour. The horizontal axis lists the years for the outlook period, from 2017 to 2035.

Two lines are shown in this chart. The first line shows the price outlook for Class A large industrial consumers. The 2017 Long Term Energy Plan price outlook period starts in 2017 and shows that Class A consumers are expected to have an all-in electricity price of 83 dollars per megawatt hour. The price outlook dips in 2018 and 2019 but then increases to 102 dollars per megawatt hour in 2025. From 2025 to 2035, the Class A All-In Electricity Price sees a small but steady growth, with a price of 116 dollars per megawatt hour in 2035.

The second line shows the price outlook for Class A Northern consumers. Participants in the Northern Industrial Electricity Rate Program, which is funded through provincial revenues, receive a reduction of 20 dollars per megawatt hour. The Class A Northern price in 2017 is expected to be 63 dollars per megawatt hour. Following a dip in 2018 and 2019, the price outlook for Class A Northern consumer steadily increases, with a forecasted price of 116 dollars per megawatt hour in 2035.

Note: Data table shows the all-in electricity prices in nominal $/MWh.

All-in electricity price (Nominal $/MWh)
Year Class A Class A, Northern
2017 $83 $63
2018 $80 $60
2019 $79 $59
2020 $84 $64
2021 $86 $66
2022 $90 $70
2023 $95 $75
2024 $96 $76
2025 $102 $82
2026 $101 $81
2027 $103 $83
2028 $104 $84
2029 $105 $85
2030 $107 $87
2031 $109 $89
2032 $111 $91
2033 $113 $93
2034 $114 $94
2035 $116 $96
Annual change ($)
Year Class A Class A, Northern
2018 $-3 $-3
2019 $-1 $-1
2020 $5 $5
2021 $2 $2
2022 $4 $4
2023 $5 $5
2024 $1 $1
2025 $6 $6
2026 $-1 $-1
2027 $2 $2
2028 $1 $1
2029 $1 $1
2030 $2 $2
2031 $2 $2
2032 $2 $2
2033 $2 $2
2034 $1 $1
2035 $2 $2
Annual change (%)
Year Class A Class A, Northern
2018 -4% -5%
2019 -1% -2%
2020 6% 8%
2021 2% 3%
2022 5% 6%
2023 6% 7%
2024 1% 1%
2025 6% 8%
2026 -1% -1%
2027 2% 2%
2028 1% 1%
2029 1% 1%
2030 2% 2%
2031 2% 2%
2032 2% 2%
2033 2% 2%
2034 1% 1%
2035 2% 2%

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