LeCanadian

Top Menu

  • Login
  • Archives
  • Les Actualités
  • Advertising
  • Sexy Pages
  • Contact Us

Main Menu

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating
  • Login
  • Archives
  • Les Actualités
  • Advertising
  • Sexy Pages
  • Contact Us

logo

Header Banner

LeCanadian

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating
  • Comment gérer un retard de vol ?

  • 5 ways sudoku boosts brain health

  • 10 tips to successfully market your law firm

  • 7 Amazing Gifts for Kids Who Like to Cook

  • Make Mortgage Overpayments Work for You

Business
Home›Business›Canadian Power – Québec Regional Overview

Canadian Power – Québec Regional Overview

By admin
March 19, 2021
308
0
Share:

Following a transition period (without any new large private energy procurement in the Province since 2013), certain public statements of Québec government officials in 2020 have shed some glimmers of hope that Québec’s market may open up again to private energy procurement in the coming years. The last few years have been a period of transition in which the Québec government put a hold on new procurement and focussed on exporting its significant electricity surplus, while using the surplus to support the energy transition, including the electrification of transportation. Now that the electricity surplus has shrunk, Hydro-Québec, the Province’s government owned public electricity utility, now forecasts that additional long-term electricity supplies will be needed as early as 2025. Hilo, Hydro-Québec’s new energy saving subsidiary, will also be a part of the Province’s supply mix.

In summer 2020, Québec premier François Legault stated that the price of wind power had become more attractive and that the next power projects in Québec would likely be wind power. Around the same time, Hydro-Québec consulted the power generation industry on electricity supply with a view to identifying how to best meet future energy needs. Discussions included potential changes to the regulatory framework governing electricity supply. The Province’s exportation strategy also generates renewed optimism with respect to a potential expansion of wind energy supply in Québec.

In spring 2020, Hydro-Québec announced that it would temporarily suspend the international investment activities it had been pursuing since 2016 through its arm, HydroQuébec International, in order to focus on provincial opportunities and to play a key role in the Province’s economic recovery amid the COVID-19 pandemic. Hydro-Québec’s investment (via a private placement of common shares) in Innergex Renewable Energy and the related co-investment strategic partnership announced in February 2020 could be an indication of how HydroQuébec intends on pursuing international opportunities in the near future.

Québec’s Electricity Export Strategy

It is a stated objective of Hydro-Québec to increase its exports beyond its borders. By the same token, the utility hopes to support the decarbonisation of northeastern North America.

The COVID-19 pandemic has had an impact on HydroQuébec’s exports to markets outside of Québec. Lower energy demand brought on by the pandemic resulted in lower market prices in export markets, particularly in the first quarter of 2020. Warmer seasonal temperatures also caused a decrease in demand for electricity. The decreased demand led to a corresponding decrease in average export prices, which dropped to 4.4 ¢/kWh (from 4.9 ¢/kWh in 2019) in the first six months of 2020, and dropped to 4.3 ¢/kWh (from 4.4 ¢/kWh in 2019) in the third quarter of 2020. Net electricity export amounts were also down in 2020 compared to 2019 by 1.7 TWh for the first half of 2020 and by 3.2 TWh for the third quarter of 2020.

Post Views: 344
Previous Article

Quebec LNG Facility Gains Small Investment from ...

Next Article

ServiceNow partners get workflow boost in Quebec ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Business

    Reason why Personality test is trending in hiring solution

    December 20, 2017
    By admin
  • Business

    US Election Results Will Have Little to no Effect on Trade Relations with Canada: Olive

    November 5, 2016
    By admin
  • Business

    McDonald’s Reports better-than-expected Earnings, Revenue in U.S.

    October 22, 2016
    By admin
  • Business

    Court approves Home Capital’s $29.5-million class-action settlement

    August 23, 2017
    By admin
  • Business

    SEC Advises OSC to Protect Whistleblowers From Retaliation

    November 2, 2016
    By admin
  • Business

    Pizza Hut, KFC Franchisee Taps Into ‘Fast Casual’ with Panera Deal

    September 16, 2016
    By admin


AWeber Smart Designer




Popupar Articles

  • Week
  • Month

Week

Sorry. No data so far.

Month

Sorry. No data so far.

Popular on The Le Canadian

  1. Salon du Livre d'Ottawa
  2. Ottawa Book Expo
  3. AgoraCosmopolitan
  4. Agora Publishing Consortium
  5. Le Journal Canadien
  6. Dominion: Food News
  7. LeCanadian.com
  8. The Ottawa Star
  9. Capitalistocracy.com
  10. Agora Books Author House
  11. First Nations Press
  12. Toronto Digital Flog Newspaper
  13. The Etiquette Show
  14. Ontario People's Front

Recent Posts

  • Comment gérer un retard de vol ?
  • 5 ways sudoku boosts brain health
  • 10 tips to successfully market your law firm
  • 7 Amazing Gifts for Kids Who Like to Cook
  • Make Mortgage Overpayments Work for You
  • Son shares warning for immunocompromised after fully-vaccinated Tampa Bay dad dies from COVID-19
  • Catching Covid-19 after being vaccinated isn’t a myth. It happened to me
  • My COVID Story: “I got COVID after being fully vaccinated”
  • Albertans fully vaccinated for COVID-19 urged to stay cautious during pandemic’s 4th wave
  • I got the vaccine – and then I got Covid: Readers share their stories

Most Viewed Posts

No Posts found

Visitors

  • Home
  • Business
  • Entertainment
  • Foodie
  • Headline
  • Health
  • Editorials
  • Lifestyle
  • Sports
  • UFO · Exopolitics
  • City
  • Sexuality
  • Dating