Utilities Electricity Canada Market Intelligence

COVID 19 impact on Utilities Electricity Canada market

  • Reduced power demand from major industries and manufacturing sector due to the COVID –19 spread is expected to decrease the power prices by 5.3% for Q2 2020 from Q1 2020
  • Globally COVID-19 has created a huge downfall in various sectors like manufacturing sectors, tourism due to lock down in major countries thus reducing the power demand.
  • This is expected to prevail till June 2020 after which the condition is expected to stabilize

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Report Coverage

  • Generation and Consumption Profile
  • Key Regulations and Policies
  • Best Sourcing Practice
  • Canada Cost Structure Analysis

Production Size

Global Production Size/ Capacity



3 Percent

The electricity demand in Canada is expected to grow at a CAGR of 0.3-0.5 percent by 2019. Its supply, on the other hand, will grow by 1-1.5 percent CAGR during the same period. The major mode of electricity generation in Canada is through the use of hydro-based resources, and it accounts for more than 60 percent of the total electricity generation in the country. A constant power trade takes place between the U.S. and Canada via a well-connected transmission grid and the excess energy is exported to the U.S.

The report discusses the existing key regulations and policies and also shares the renewable energy scenario in the electricity market in Canada. An elaborate electricity suppliers market landscape has also been included in the report covering the supplier profiles and the SWOT analysis of some of the key global providers like Hydro Quebec, Ontario Power Generation, BC Hydro, TransAlta, and Manitoba Hydro. The report also provides Porter's Five Forces Analysis of the Canadian electricity market. It further provides a comprehensive cost structure analysis and prevalent best sourcing practices in the Canadian electricity market.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of contents

  1. Utilities Electricity Canada Executive Summary
  2. Executive Summary
  1. Utilities Electricity Canada Market Analysis
  2. Electricity Value Chain for Industrial Customers
  3. Capacity
  4. Supply - Demand
  5. Fuel Mix
  6. Market Consumption Scenario
  7. Electricity Industry Structure
  8. Key Regulations and Policies Affecting Electricity Markets
  9. Porter's Five Forces Analysis
  1. Utilities Electricity Canada Supply Analysis
  2. Electricity Supplier Landscape
  3. Key Supplier Profile
  4. Supplier SWOT Analysis
  1. Cost Break up
  2. Contract Models
  3. Price Trend and Forecast
  4. Price Drivers
  1. Utilities Electricity Canada Industry Sourcing Practices
  2. Best Sourcing Practice
  3. Third - party Intermediaries and Profiling
  4. Canada Green Energy Procurement
  5. Canada Electricity Supplier Switching Procedure

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Utilities Electricity Canada Industry Structure and Outlook

  • The Canadian electricity industry has surplus generation capacity and a balanced supply-demand scenario for meeting the domestic need and exports
  • The generation in 2016 was 648 TWh, with majority generation share coming from hydro power plants, and renewable contribution to generation is fast growing
  • The installed capacity is expected to rise at a CAGR of 2-3 percent from 2016 to 2020 in the coming years, as close to 3,000 MW of hydro projects are under construction
  • Canada has a well-developed infrastructure for power industry, and the provincial authorities have proposed high voltage transmission capacity additions close to 4,750 MW by 2030 to incorporate more renewable energy sources across provinces


Supply and Demand

  • Canada enjoys an energy surplus situation with almost all the provinces having its own major utility giants, generating electricity for themselves and trading across the provinces and also to the US
  • The electricity supply to end-use consumer in the regulated provinces is mainly undertaken by provincial crown utilities or other municipal distribution
  • In deregulated provinces of Ontario and Alberta, private distributors also undertake electricity supply
  • The demand is expected to rise by 0.3-0.5 percent CAGR from 2017 to 2019, while the supply will grow by 1-1.5 percent CAGR during the same period
  • Electricity export from Canada has reached record levels in 2016 despite the fall in export prices to C$38.49/MWh from C$43.63/MWh in 2015

Industry Structure

Fuel Mix

  • Major mode of electricity generation is using hydro-based resources, and it accounts for more than 60 percent of the total generation in the country
  • The share of renewable energy capacity was 9.2 percent during 2014, but the share in generation was nearly 3 percent, due to the intermittent nature of the renewable energy sources
  • Natural gas capacity increased in the Alberta province, owing to lower gas prices, but future additions are uncertain, as the lower oil prices affect industrial demand in the region
  • The government's initiative to phase out coal is expected to increase the contribution of natural gas in the fuel mix in the medium to long term

Generation and Consumption Profile 

  • Power trade happens between the US and Canada via well connected, transmission grid across the border in different regions and excess energy is exported to the US
  • The transmission and distribution loss in Canada was 9 percent in 2014, while during the same period, loss in the US was 6 percent
  • The industrial sector is likely to remain the highest energy consumer, as more energy-intensive industries will come up across different provinces as a part of industrial development in the country
  • Rapid implementation of energy-efficient technologies and small-scale renewable generation in the residential and commercial sectors will limit the demand growth in these sectors

Electricity Suppliers Market Landscape 

  • The top five electric generation utilities cover up to nearly 60 percent of the total installed capacity
  • Hydro Quebec, the largest utility has a share of 26 percent of the total installed capacity, and it dominates the power generation share and has the highest revenue share
  • TransAlta, an investor-owned company, ranks fourth in generation capacity in Canada, nearly 6,600 MW is the installed capacity across Canada

Price Drivers 

  • Hydro reservoir level, fuel prices and cooling, and HDDs are the major factors influencing the Canadian power prices
  • In the future, the renewable energy generation is likely to have a greater impact on prices, as global technological developments have brought down the generation cost significantly

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