According to the U.S. Energy Information Administration, or EIA, net flows of electricity between Canada and the United States have shifted, with Canada importing more electricity from the U.S. than we export to our neighbours since late 2022. The EIA states that sales from Canada declined by nearly 30% from 2022 to 2023.
The recent announcements from the incoming president have raised questions about the future of our trade relationship. Is it possible for Canada to increase our hydroelectric generation capacity to reduce our dependence on electricity imported from the United States and meet the growing demand here in Canada?