Canadian Power – Québec Regional Overview

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.