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Canada energy report

Canada energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
50 (Report only)
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Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

This analysis includes a comprehensive Canada energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • The federal government targets for 2035 a net-zero electricity mix and a reduction of GHG emissions by 45-50% in 2035 (compared to 2005).
  • It also pledges to have zero emissions in 2050.
  • Most power production comes from state-owned companies.
  • CNR, Cenovus, and Suncor produce almost half of the total oil output.
  • Main gas producers include CNR, Oventiv, and Repsol, while Enbridge is the largest gas distributor.
  • Non-conventional oil provides more than 60% of total oil production.
  • CO2-free sources add up to 78% of the power mix, with a dominant share of hydro (56%).
  • Diesel and gasoline prices almost stabilised in 2024, after a 10% decrease in 2023, and a steep rise from 2020 to 2022 (+100% and 60%, respectively).
  • Electricity prices decreased in 2024 after a regular growth since 2016 for industry and 2020 for households.
  • Electricity and motor fuel prices are generally higher than in the US, but gas prices are much lower.
  • Total energy consumption remained almost stable in 2024, after a small progression since 2010.
  • Three quarters of the energy mix still comes from fossil fuels.
  • The share of electricity in final consumption is expected to more than double by 2050 to 39%.
  • Fossil fuel use should decline by 56% by 2050.
3rd
worldwide for hydropower and uranium production, and oil reserves
-45%
GHG emissions in 2035, compared to 2005
0
net zero electricity mix in 2030

  • Institutions & Energy Policy

    NRCan, Natural Resources Canada, is the ministry in charge of the management of natural resources and the development of federal energy policy.

  • Energy Supply

    Oil:

    Oil production (crude, NGL, and non-conventional oil) increased by 82% since 2010 (of which +3.7% in 2024), reaching 303 Mt in 2024. It has more than doubled since 2000. The increase in production follows the development of non-conventional oil, which accounted for 62% of the country's oil production in 2024.

  • Energy Prices

    Oil:

    Motor fuel prices decreased slightly in 2024, reaching US$1.34/l for gasoline (-1%) and US$1.27/l for diesel (-5%). They both had been decreasing by around 10% in 2023, after a strong progression between 2020 and 2022 (+63% for gasoline and nearly doubling for diesel), following international trends.

  • Energy Consumption

    At 7.3 toe, Canada's per capita energy consumption is among the highest in the world and almost triple the average EU level (2024). Electricity consumption per capita is around 13.7 MWh.

    Total energy consumption stayed stable from 2022 to 2024 (around 302 Mtoe), following a slight progression from 2010 to 2022 (1.1%/year on average at normal climate).

  • Issues & Prospects

    In 2023, CER has released the update of its long-term energy outlook for 2050, Canada's Energy Future Report 2023 (EF2023). In the Canada Net-zero Scenario that is presented in the report, CER sees Canadians reducing their overall energy consumption by 12% from 2021 to 2050.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2024, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2024, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: GAS prices for industry and households (US$c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2024, %)
  • GRAPH 10: Final consumption market share by sector (2024, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2024, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2024, %)
  • GRAPH 15: Natural gas consumption (2023, bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2024, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2024, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Canada energy market data since 1990 and up to is included in the Excel file accompanying the Canada country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Canada Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Canada energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Canada country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.