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Canada's energy industry - Statistics & facts

Canada’s energy industry is shaped by an abundance of natural resources. Oil and natural gas are found primarily within Alberta’s oil sands, while the country also benefits from the presence of numerous hydroelectric power plants. In recent years, the government has enforced the goal of boosting Canada’s economy in tandem with a transition towards a low-carbon economy through stringent energy efficiency and emission standards. The petroleum industry contributes more than any other energy sector to Canada’s gross domestic product. However, the country maintains a largely low-carbon electricity mix – primarily hydro and nuclear.

The role of hydropower

Hydropower 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 utilities

In 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.

Key figures

The most important key figures provide you with a compact summary of the topic of "Energy industry in Canada" and take you straight to the corresponding statistics.

Production & capacity

Consumption

Industry

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Energy industry in Canada".

Energy industry in Canada

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Canada's energy industry - Statistics & facts

Canada’s energy industry is shaped by an abundance of natural resources. Oil and natural gas are found primarily within Alberta’s oil sands, while the country also benefits from the presence of numerous hydroelectric power plants. In recent years, the government has enforced the goal of boosting Canada’s economy in tandem with a transition towards a low-carbon economy through stringent energy efficiency and emission standards. The petroleum industry contributes more than any other energy sector to Canada’s gross domestic product. However, the country maintains a largely low-carbon electricity mix – primarily hydro and nuclear.

The role of hydropower

Hydropower 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 utilities

In 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.

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Energy industry in Canada".

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