Canada Outlines Strategy to Double Electricity Supply by 2050, Emphasizing Renewables and Interties
Canada is pursuing a vision to achieve a fully electrified, net-zero economy by 2050, which necessitates doubling its electricity supply. A key component of this strategy involves rapidly scaling up renewable energy sources like wind, solar, and battery storage, which are now considered the lowest-cost options globally. The Pembina Institute highlights that while renewables are cost-effective and quick to deploy, some provinces, such as Alberta and Saskatchewan, are implementing policies that disadvantage renewable energy development and prioritize fossil fuels. Conversely, other regions like the Atlantic provinces, Ontario, Quebec, and British Columbia are gaining momentum through initiatives like Memorandums of Understanding for electricity system integration, competitive power procurement rounds favoring clean energy, and significant inter-provincial agreements. The federal government has committed financial and regulatory support for five new interties to connect provincial grids, aiming to reduce reli...
