The Power import in Canada reached 9,811 GWh in 2020
The indicator recorded a historical decline at a CAGR of 0.30% between 2017 to 2020
Canada’s Power import recorded a YoY decrease in 2020
Canada is a developed country, and its economy is highly globalized. Retail, real estate, manufacturing, mining, oil and gas, and construction are the major sectors that drive the economic growth of the country. The country stood at the third position globally in terms of proven oil reserves at the end of 2020. The country is also among the global leaders in the production of different natural resources such as uranium, gold, diamond, and lead. Mineral fuels, vehicles, precious metals, machinery, and wood are the country’s major exports, whereas it majorly imports automotive parts, machinery, electronics, and plastics. The US, China, UK, Japan, and Mexico are Canada’s main trading partners.
Canada is one of the largest exporters of electricity in the world. In 2000, the country imported less electricity than exported in the year. As the country has strong domestic electricity generation and stable power consumption, its power imports needs have remained low. The country exports power to the US and this requires an export authorization issued by the Canada Energy Regulator and may also require approval at the provincial level. Québec, Ontario, Manitoba, and British Colombia are the major Canadian provinces exporting electricity to the US. In 2020 as well, electricity exports were higher than imports.
In general, regional supply and demand factors are affected by the electricity trade levels. Factors of regional supply include generation availability, supply outages and level of precipitation. Factors of regional demand include fluctuations in season and daily temperatures, and patterns of industrial use. These combined factors all contribute to the year-to-year variability of trade levels. Canadian provinces near the US-Canada border share electricity with American states through north-south interconnections. Thus, though electricity prices in US markets are typically higher than in Canadian markets, Canadian provinces often import electricity from the US to meet peak demand, or when importing is cheaper than regional electricity production.
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