[Survey] 67.7% of Canadians worried about the impact of inflation on their energy bills this winter

Canadians fear to see their energy bills go up and massively call for the government to help them. That's what shows a survey conducted by HelloSafe during the month of October in Canada, and to which 1068 people answered. Here are the main findings or this survey:

Fear to see energy bills going up this winter spread all across Canada

Compared to the Western European countries, Canada is much more autonomous concerning energy supplies. However, when asked "Are you worried about the effects of inflation on your energy bills this coming winter?", 67.7% of Canadians that participated in our survey answered "yes" - a fear that is spread in all provinces, but particularly in Alberta, as illustrates the graph below:

57.2% of Canadians say they will decrease their energy consumption

Within the survey, we asked Canadians what they would do to face increasing energy bills. The answers show that :

• More than 57% say they are ready to reduce their energy consumption to save money
• 30.5% answered that they could install more energy-efficient appliances
• 21.3% of respondents consider turning to greener energies, and 14.8% say they could change their energy provider.

78.6% of Canadians in favor of a freeze on energy prices by the government

With inflation striking hard all across Canada, we tried to evaluate on which extent Canadians expect help from the government to face their energy bills increase this winter. The answers we collected through our survey show that a vast majority of respondents hope for such support from public authorities:

• 78.6% of respondents say they would support a freeze on energy prices by the government
• This result goes up to 86.8% outside the big 4 provinces (Ontario, Quebec, BC and Alberta)
• People in BC seem to be less convinced by this measure ("only" 59.3% of respondents supporting it).

56.8% of Canadians think the government should give people more money to help them pay their energy bills

Rather than freezing the energy prices, another possible measure for the government consists of giving money to the people to help them pay their energy bills. But do Canadians support such measures? The answers we collected give interesting insight:

• Canadians seem to be divided on that question: "only" 56.8% of them think that the government should give more money to help people pay their energy bills
• In Ontario, 71% of respondents say they are in favour of such a measure - e.g. 14 more points than the national average, and 70% in Alberta.
• On the contrary, 60.5% of Quebecers are not favorable of the government giving money to help the energy bills being paid (50.8% in BC).

Our methodology

This study is based upon the results of a survey conducted on the hellosafe.ca platform during the month of October 2022, to which 1068 people from all across Canada responded.

In addition to its expert editorial line around insurance and financial products, HelloSafe explores broader topics relating to global consumption in Canada and around the world. The aim is to decipher certain complex subjects for consumers and to provide everyone with the latest information. It is within this framework that HelloSafe regularly carries out studies on trends relating to current personal finance in Canada.

About HelloSafe Canada

HelloSafe is Canada's leading platform for comparing insurance and personal financial products. HelloSafe provides Canadians with hundreds of free, anonymous and quick comparison tools and calculators built on powerful proprietary technology. Up-to-date content from experts accompanies all our comparison tools. Our platform empowers you to make the best decisions with your money and find the right products at the right price.

For all press enquiries, please contact :

Nolwenn Abolivier
Press relations officer for HelloSafe in Canada