Electricity in Canada in 2023/2024

Canada stands as a beacon of progress in sustainable electricity generation, with more than 80% of its power stemming from low-carbon sources. This achievement is largely thanks to the significant contributions of hydropower, which alone accounts for nearly 57% of electricity production. Furthermore, nuclear energy, another crucial player in clean energy, provides another 14%. Wind and solar energies contribute nearly 7% and 2% respectively, pushing the nation towards a greener future. That said, fossil fuels still account for about 19% of electricity generation, with natural gas being the largest component. This split highlights Canada's successes and underscores the necessity to phase out fossil fuels as the country looks to electrify sectors like transport, heating, and industry.

Suggestions

To bolster low-carbon energy generation further, Canada should explore expanding its already substantial nuclear facilities. Given nuclear energy's reliability and minimal greenhouse gas emissions, it presents a viable path forward. Alongside nuclear expansion, enhancing wind and solar infrastructure can also play a significant role in powering Canada’s green transition. Encouraging innovation and investment in clean energy technologies will not only increase electricity generation but also guarantee energy stability and environmental stewardship. Coupled with these efforts, energy efficiency measures and smart grid technologies can ensure that the additional power generated is optimally utilized.

History

The historical journey of low-carbon electricity in Canada reveals a robust commitment to clean energy, albeit with some fluctuations. During the late 1970s and 1980s, significant increases in hydropower were witnessed, with 1978, 1981, and 1984 marking years of substantial growth. However, the late 1990s and early 2000s saw notable declines, especially concerning nuclear generation. The early 1990s marked a renaissance for nuclear energy, delivering commendable growth that continued into the 21st century, particularly with milestones in 1993, 1994, and 2004. These advancements were crucial in solidifying nuclear energy's role as a clean, reliable power source. Unfortunately, the last two years have seen a downturn in hydroelectric output, highlighting a need for steady advancement and diversification of clean energy sources to maintain Canada's leading position in sustainable electricity generation.

Electricity Imports and Exports

Balance of Trade

Data Sources