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Canada energy report

Canada energy report
4 files (PDF report, 3 Excel files)
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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.


  • The federal government targets to reduce GHG emissions by 40-45% in 2030 compared to 2005. It also pledges to have a net-zero electricity mix by 2035 and zero emissions in 2050.
  • Most power production comes from state-owned companies.
  • CNR, Cenovus, and Suncor are the largest oil producers, with almost half of total output.
  • Gas production is dominated by 3 companies, Encana, CNR, and Repsol, which account for 2/3 of the total, while Enbridge is the largest gas distributor.
  • Non-conventional oil provides more than 60% of total oil production.
  • CO2-free sources add up to 81% of the power mix, with a dominant share of hydro (58%).
  • Diesel and gasoline prices have decreased by around 10% in 2023, after a steep rise from 2020 to 2022 (+100% and 60%, respectively).
  • Electricity and motor fuel prices are generally higher than in the US, but gas prices are much lower.
  • Total energy consumption slightly decreased in 2023, after a small progression since 2010.
  • Three quarters of the energy mix still comes from fossil fuels.
  • Electricity will more than double its share in end-use demand by 2050, reaching 39% in 2050.
  • Fossil fuel use will decline by 56% by 2050.
worldwide for hydropower and uranium production, and oil reserves
-40 %
GHG emissions in 2030
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


    Canada is the fifth largest natural gas producer in the world (after the United States, Russia, Iran, and China); production increased by 2.8%/year on average between 2010 and 2023 to 216 bcm (2.8% of which in 2023 and 6.4% in 2022). The production mainly comes from Alberta (70% of the total production).

  • Energy Prices


    In 2023, the price of gas decreased in both the industrial and the residential sectors, reaching US$1.39c/kWh (-28%) and US$3.38c/kWh (-11%) respectively. It had been increasing significantly between 2020 and 2022 (+68% for industry and +46% for households).

    The price of natural gas is much lower than in the US (US$1.53c/kWh for households and US$5.08c/kWh for industry).

  • Energy Consumption

    At 7.4 toe, Canada's per capita energy consumption is among the highest in the world and almost triple the average EU level. Electricity consumption per capita is around 13.9 MWh.

    Total energy consumption slightly decreased by 1.2% in 2023 to 295 Mtoe, following a slight progression from 2010 to 2022 (1.3%/year on average at normal climate), except for a 6.7% drop in 2020.

  • Issues & Prospects

    In June 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 (2023, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2023, %)
  • 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 (2023, %)
  • GRAPH 10: Final consumption market share by sector (2023, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2023, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2023, %)
  • GRAPH 15: Natural gas consumption (2023, bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2023, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2023, %)
  • 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.