Posthaste: Energy crunch in Canada looming closer than you might think
“Provinces facing near-term challenges should lean hard into building renewables, cutting inefficiencies, and maintaining their current gas capacity. The harder choices are yet to come,” he said.
On the natural gas front, Guldimann said existing plants should continue to operate through 2035 to ensure the transition over to a net-zero grid goes smoothly.
Canada is already a clean electricity juggernaut due to hydroelectric resources, but it’s at a crossroads. Consumption is expected to increase by 50 per cent over the next decade and a major overhaul is needed if the power grid is to double by 2050.
As a result, provincial and federal governments will need to make a series of choices that account for decarbonization while ensuring the grid is both reliable and affordable.