Thank you, Mr. Chair.
My thanks to the three witnesses for their presentations today.
First of all, I would like to know what Mr. Brouillette and Mr. Martin think about the following.
As you know, despite the increase in the volume of exports, electricity values and prices have declined in most of Canada's usual electricity export markets. Volume weighted average export prices peaked at $64 per megawatt-hour in 2008, but averaged $38 per megawatt-hour in 2016.
How do you explain this price reduction of 40% over an eight-year period in our U.S. electricity export markets?