For the last 5 years I have maintained a sizeable emergency cash reserve of $CAD, now with Inflation peaking over 15% I am forced to spend it on down into assets. Upgrading appliances, gold & silver, even Long termed shelf life foods. I have kept the last 7 years of Grocery receipts to make the case. Auto fuel is now peaked to all time highs too, fueling more inflation to come. BTW I own an EV Leaf auto.
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What about electricity prices in Canada? They are also at an all-time high here in the Netherlands. Just like gasoline. Unfortunately, we don't have any options at the moment to buy an electric car. With the record inflations, of which the official figures say above 6%, you can be sure that the reality will be many times higher. Which can also easily add up to the same 15% that you experience in Canada, we are happy that we can still have the small car we have at all. No options to set aside extra money. Upgrading the long termed shelf foods is something I do too.
We have agreed to save the crypto for as long as possible, because that offers extra options for the long term. And I don't see those possibilities emerging so quickly in the traditional 'fiat world'.
Nominally about $0.15 CAD per KWH the true cost is more $0.22 CAD factoring in the distribution fees and various layers of taxes and fixed costs that hide the actual cost per KWH. It may be relatively cheap but the hydroelectric infrastructure is getting old.
The average price per kWh in the Netherlands is currently 22 euro cents, (double that of Canada), and I have not yet included all surcharges and levies that come on top of that. Nominal costs alone have increased unbelievably. We don't use gas for heating ourselves (which is our choice to save costs), but I hear from everyone who does need it that those costs are even worse.