Hydro-Québec projects deficit that could force it to rely on U.S. and other provinces

Hydro-Québec has released a report suggesting it may need to import electricity from neighbouring provinces or the United States within the next three years. The state-owned utility’s new supply plan for 2027—2041 projects an “extremely high” increase in the demand for energy in the coming years. The utility expects this demand could cause it to face energy deficits as early as 2029. Hydro-Québec anticipates that Quebec’s electricity demand will increase by 60 terawatt-hours by 2041, representing an increase of over 30 per cent. The supply plan shows expected growth in demand for the electrification of transportation, data centres, and for energy retrofits of buildings that currently rely on fossil fuels. The report paints a picture of a province with an ever-increasing appetite for electricity, which will require “unprecedented” investments to…

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