Thank you to the witnesses for your presentations and the preparation for today.
I just want to, before we start, clarify some of the comments made in the last meeting regarding electricity pricing. I just want to quote from the comparison of electrical report issued by Hydro-Québec in April 2016. When we look at North American cities on residential consumer pricing, we see that Ottawa, for example, is at 16.15 cents per kilowatt hour. Toronto is at 17.8 cents per kilowatt hour, and then Boston is at 27 cents per kilowatt hour. Then we have Detroit at 20 cents per kilowatt hour, and Charlottetown at 16 cents per kilowatt hour. We also have New York at 29 cents per kilowatt hour. We have San Francisco at 31 cents per kilowatt hour. So we see here that Canadian pricing for electricity is still doing well and we have potential when we go to the exports.
I want to cite another report, from the Canadian Electricity Association, and I'd ask if you have any comments about this. It says, “Canada's access to renewable resources allows for some of the lowest residential electricity prices in the world.” Canada is at 10.5 U.S. cents per kilowatt hour, and this was done just two years ago. The U.S. is at 13 cents per kilowatt hour. The United Kingdom is at 22 cents per kilowatt hour. Japan is at 27 U.S. cents per kilowatt hour and Denmark is at 37 cents per kilowatt hour. Mexico is at less than 9 cents per kilowatt hour, but as we know there is not electricity all over in Mexico.
I just wanted to see if you have any comments relating to the Canadian electricity pricing and how that's competitive as we move to more interconnection with North America.