On January 7, 2015, the Régie de l'énergie
du Québec (Québec Energy Board) released its
opinion on the production and transportation supply of natural gas
required in order to meet the medium and long term needs of
Québec consumers. This opinion was prepared at the request
of the Minister of Energy and Natural Resources and the Minister
responsible for the Plan Nord. The opinion followed a public
consultation process during which stakeholders and expert
representatives made written and oral submissions to the
Québec Energy Board.
In its opinion, the Board forecasts the residential, commercial,
industrial and transportation demand for natural gas in
Québec from 2015 to 2030 as well as transportation capacity
and peak demand in Québec for natural gas during such
period. The Board also examines natural gas production supply
options from both within and outside Québec as well as
natural gas transportation supply options both involving and
without the TransCanada Pipelines Limited Energy East Pipeline
The Board estimates that between now and 2030, the demand for
natural gas in Québec will increase by about 2% per year.
Based on this estimate, the Board concludes that the only reliable
supply option is to purchase natural gas outside of Québec
and to bring it to Québec through the TransCanada Pipelines
Limited Energy East Pipeline. In addition, the Board deems the
Energy East Pipeline project desirable to the extent it may serve
as a means to convert other natural gas transmission assets that
are currently under-used in Québec. The Board also believes
that such conversion may help limit rises in the transportation
rates of natural gas.
The opinion, a summary thereof and documents and transcripts
related to the public consultation are available on the
Québec Energy Board website at the following address (in
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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