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03 June 2026 / Quick Take
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Copy LinkOn May 14, 2026, the Canadian government released its energy strategy with the goal of achieving a mostly electrified economy by midcentury. To get there, the country will need to invest significantly in grid and generation capacity to address its electric load growth, expected to double by 2050.
Success will depend on developing additional financing mechanisms, training a specialized workforce, and implementing energy retrofits for many households and businesses. Fewer approval and permitting delays will also be critical. To address resilience, businesses and governments at all levels need to comprehensively plan for more extreme weather conditions and rising volatility in the power sector.
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