As I said earlier, we also have to think about how we are going to price energy, electricity.
It's a given that electricity consumption will increase significantly if we electrify, and a significant amount of new investment will need to be made in the electricity sector to meet that higher demand. We need to be able to identify what households are actually paying. It will vary by household. Some households don't have much ability to shift their demand from peak time.
In Quebec, there are many different pricing structures that have been tested to see to what extent people are shifting away from peak when they're paying a higher price at peak time. Unfortunately, the evidence so far finds that there's not much elasticity there. It's possible that people will still end up, under electrification, paying significantly more for their total energy bill. This is still an open question. If we get to that point, the will from the populace might not be there to support continued electrification. You don't want to get that backlash without identifying how much more electricity prices will go up.
Should the current model for passing on new grid investments be passed on immediately to ratepayers, or should they go to a system where taxpayers are shouldering a bit more of that? This is why I'm saying that we're not quite there yet in terms of having a market transformation program where we're making it illegal to purchase fossil-fuelled furnaces.