Power Play: How to supercharge Canada’s clean electricity advantage

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Access to low-cost clean power can be a competitive advantage for Canada in the global race to attract investments in major industrial projects—but only if the country transforms how it plans and builds its electricity systems.

As electricity demand rises rapidly from projects such as mines, data centres, and manufacturing facilities, Canada increasingly risks turning away investment due to insufficient supply of clean power. 

At the same time, the cost of clean electricity continues to fall dramatically. Wind, solar, and batteries are now among the fastest and cheapest power available. Yet Canada lags its international peers building clean electricity, which risks constraining national economic growth.

Canada also lacks the federal frameworks and funding needed to support interregional transmission lines that can increase grid flexibility and avoid wasting power from solar and wind facilities already in operation.

Our report, Power Play: How to supercharge Canada’s clean electricity advantage, examined how the country can unlock investments in clean electricity grids to power industrial growth. It focused on the four largest Canadian electricity systems, which represent over 75 per cent of Canadian industrial demand—Ontario, Quebec, Alberta, and B.C.—and compared them to leading jurisdictions around the world.

Source: Wikipedia