In every jurisdiction in this country, there is some form of price regulation. For example, we're here in Ontario. The Ontario Energy Board regulates the price of electricity. It determines what goes into the rate base at any point in time, and it determines how many cents per kilowatt hour are going to be charged to customers. This isn't a completely open, free market where the price will go completely off the rails. There is a level of control in jurisdictions across the country.
The gap that one sees between supply and demand is not one that exists today or tomorrow, but it's going to exist in the very near future. Later this week, there will be the release of the North American Electric Reliability Corporation's annual long-term reliability assessment. That will point to concerns about meeting the demand for electricity in quite a few regions across North America, particularly in periods of extreme weather. For example, today we're meeting all of our electricity needs across the country, but it is not -35°C today. On Saturday, many jurisdictions were pressed and challenged. The gap we're talking about is a gap that will be in the very near future.
The increments that people are talking about—and there's been mention of that already—are concerning when we're talking about increments not of 50 or 100 megawatts, but 300 megawatts or 600 megawatts. Somebody mentioned 1,000 megawatts, which is almost the entire output of Site C dam in British Columbia, which took 25 years to build.
When you're talking about large increments like this, it is very concerning. It isn't a tomorrow issue, but it's an issue within the immediate future.