The role of hydropowerHydropower is Canada’s most installed energy source, with hydroelectric turbines having a combined capacity of over 80 gigawatts. Québec has by far the most hydropower plants of any province. This is also the main contributing factor to the relatively low electricity prices in the region. The average Canadian electricity costs for a monthly consumption of 1,000 kilowatt hours stood at 17.4 Canadian cents in early 2020 compared with 7.3 Canadian cents in Québec.
Industry regulation and leading utilitiesIn Canada, energy policies are implemented by both the federal and provincial government. Overall objectives are established by the federal government, while the provincial government enforces these objectives and develops strategies to reach these goals. The provincial government regulates the exploration, development, and conservation of fossil fuels as well as electricity production and generation. Under provincial jurisdictions, utility boards regulate oil and natural gas activities, pipelines, and distribution systems, while the federal government manages interprovincial and international trade of the country’s energy resources.
Among the largest energy utilities in Canada are hydropower generating giants such as Ontario Power Generation, Hydro One, and Hydro Québec.