I think that the technology has evolved to a point where there are many models that can develop. There is a technology called blockchain, which is able to securely, efficiently, and effectively embed transactions, so that they can be done on a very micro level and in a cost-effective way. There are many who are saying that maybe we'll get into a world where you'll actually be trading with your neighbour on electricity, so that, literally, you have a plug-in vehicle, while they have a need for some electricity right now and they can draw from your battery just across the fence. That is one end of the world.
There's another end of the world that's going to say, “Yes, but you have transmission and generation from large hydroelectric-installed infrastructure”. Churchill Falls, for example, is 5,500 megawatts of electricity, for what, now two-tenths of a cent? You're going to have to go a long way to be able to compete with that, in terms of the new infrastructure.
A report was done by the Rocky Mountain Institute a few years back that really struck me, when I was taking a look at the Nova Scotia electricity system. Where does this all end? Where it ends is that it will be different in different regions. Where somebody has access to that kind of really low-cost hydroelectricity legacy that can beat any price at any time, even if it needs to beat itself down to 5¢ instead of 10¢, it will do it, and then other places won't be as well-connected. They may very well have tremendous resources from solar. They may have batteries that are going to become more and more cost-effective, so they might be much more local and distributed.
In Canada, we're likely to be well-connected and better connected over the next number of years. There will be all these local balances and a dynamic where the information and data needs to be shared, in order to adapt to this very new dynamic world. Someday I may be taking from the grids, and another day, I may be taking it from my battery storage, and another day, I may be giving it. That's a very dynamic world and it's one that everybody needs to prepare for. The only way you can make it work is if you have the systems and the data that can drive all of this. The data and information is the foundation.