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REFERENCE CODE GDPE0785ICR | PUBLICATION DATE JUNE 2015
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS,
AND COMPETITIVE LANDSCAPE
Canada Power Market Outlook to 2025, Update 2015 – Market Trends, Regulations, and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Executive Summary
Canada’s Power Sector Outlook
Canada’s Gross Domestic Product (GDP)
increased at a Compound Annual Growth Rate
(CAGR) of XX% during the 2000–2014 period,
despite average annual growth of XX% until 2008.
The global recession in 2009 triggered negative
growth of XX%, but renewed exports and domestic
demand caused a resurgence of XX% in 2010.
Average annual growth between 2011 and 2014
was XX%. Trends in power consumption, led by
the manufacturing and mining sector, largely
mirrored GDP.
Power Market, Canada, Gross Domestic Product ($tr) and Annual Power Consumption (TWh), 2000–2014
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Ann
ual p
ower
con
sum
ptio
n (T
Wh)
GD
P ($
tr)
GDP (constant prices) Annual power consumption Source: GlobalData; IMF, 2014
Annual power consumption grew at a CAGR of
XX% from XX Terawatt hours (TWh) in 2000 to XX
TWh in 2014, driven by rising demand in the
manufacturing and mining sectors and increased
use in the residential sector. However,
government-sponsored energy-efficiency programs
controlled the latter, which resulted in a low CAGR
of XX% from XX TWh to XX TWh.
Power Market, Canada, Annual Power Consumption and Generation (TWh), 2000–2014
2000 2007 2014
Annu
al p
ower
con
sum
ptio
n an
d ge
nera
tion
(TW
h)
Annual power consumption Annual power generation
Source: GlobalData, Power Database [Accessed on May 8, 2015]
Renewable power remains one of the fastest
growing areas of the power sector. Between 2000
and 2014, capacity grew at a CAGR of XX% while
generation grew at a CAGR of XX%: both higher
than the rates for thermal power, hydropower, and
nuclear power. Renewable power technologies
went from representing only XX% of capacity in
2000 to representing XX% in 2014, as shown in
the following figure.
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1 Table of Contents
1 Table of Contents ....................................................................................................................... 4
1.1 List of Tables ...................................................................................................................... 8
1.2 List of Figures ................................................................................................................... 10
2 Introduction ............................................................................................................................... 11
2.1 GlobalData Report Guidance ............................................................................................ 12
3 Canada Power Market, Snapshot ............................................................................................. 13
3.1 Macro-economic Factors ................................................................................................... 13
3.2 Supply Security ................................................................................................................. 15
3.3 Opportunities .................................................................................................................... 16
3.4 Challenges ........................................................................................................................ 16
4 Canada, Power Market, Market Analysis .................................................................................. 17
4.1 Canada, Power Market, Supply Structure ......................................................................... 17
4.1.1 Federal Regulatory Authorities ...................................................................................... 17
4.1.2 Provincial and Territorial Authorities .............................................................................. 17
4.2 Canada, Power Market, Key Market Players ..................................................................... 19
4.3 Canada, Power Market, Financial Deals ........................................................................... 20
4.3.1 Deal Volume and Value Analysis, 2004–April 2015 ....................................................... 20
4.3.2 Deals by Type, 2014 ..................................................................................................... 22
4.4 Canada, Power Market, Demand Structure ....................................................................... 23
4.4.1 Consumption by Sector, 2014 ....................................................................................... 25
5 Canada, Power Market, Regulatory Scenario ........................................................................... 26
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
5.1 Canada, Power Market, Key Electricity Policies ................................................................ 26
5.1.1 Federal Energy Policy – Key Elements.......................................................................... 26
5.1.2 ecoEnergy for Renewable Power .................................................................................. 26
5.1.3 ecoEnergy Innovation Initiative ...................................................................................... 27
5.1.4 Clean Energy Fund Program ......................................................................................... 27
5.1.5 Renewable Fuels Regulations ....................................................................................... 27
5.1.6 Feed-in Tariff ................................................................................................................. 28
6 Canada Power Market, Capacity and Generation Overview...................................................... 29
6.1 Canada, Power Market, Installed Capacity by Fuel Type, 2014 ........................................ 29
6.2 Canada, Power Market, Cumulative Installed Capacity and Annual Power Generation,
2000–2025 ........................................................................................................................ 30
6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–
2025 ............................................................................................................................. 33
6.2.2 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000–
2025 ............................................................................................................................. 37
6.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000–
2025 ............................................................................................................................. 41
6.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation,
2000–2025 ................................................................................................................... 45
7 Canada, Power Market, Transmission and Distribution Overview ............................................. 49
7.1 Canada, Power Market, Transmission Overview ............................................................... 49
7.2 Canada, Power Market, Distribution Overview .................................................................. 50
7.3 Canada, Power Market, Grid Interconnection .................................................................... 50
7.3.1 Electricity Import and Export Trends, 2000–2014 .......................................................... 50
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
7.4 Canada, Power Market, Electricity Trading ....................................................................... 52
8 Canada, Power Market, Competitive Landscape: Snapshot of Leading Power Generating
Companies ............................................................................................................................... 53
8.1 Key Company in the Canadian Power Market: Hydro-Quebec .......................................... 53
8.1.1 Hydro-Quebec, Company Overview .............................................................................. 53
8.1.2 Hydro-Quebec, Business Description ............................................................................ 53
8.1.3 Hydro-Quebec, SWOT Analysis .................................................................................... 54
8.2 Key Company in the Canadian Power Market: Ontario Power Generation Inc. ................. 57
8.2.1 Ontario Power Generation Inc., Company Overview ..................................................... 57
8.2.2 Ontario Power Generation Inc., Business Description ................................................... 57
8.2.3 Ontario Power Generation Inc., SWOT Analysis ........................................................... 58
8.3 Key Company in the Canadian Power Market: BC Hydro .................................................. 61
8.3.1 BC Hydro, Company Overview ...................................................................................... 61
8.3.2 BC Hydro, Business Description.................................................................................... 62
8.3.3 BC Hydro, SWOT Analysis ............................................................................................ 62
8.4 Key Company in the Canadian Power Market: TransAlta Corporation .............................. 65
8.4.1 TransAlta Corporation, Company Overview .................................................................. 65
8.4.2 TransAlta Corporation, Business Description ................................................................ 66
8.4.3 TransAlta Corporation, SWOT Analysis......................................................................... 66
8.5 Key Company in the Canadian Power Market: Manitoba Hydro ........................................ 70
8.5.1 Manitoba Hydro, Company Overview ............................................................................ 70
8.5.2 Manitoba Hydro, Business Description .......................................................................... 70
8.5.3 Manitoba Hydro, SWOT Analysis .................................................................................. 71
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9 Appendix................................................................................................................................... 74
9.1 Market Definitions ............................................................................................................. 74
9.1.1 Power ............................................................................................................................ 74
9.1.2 Installed Capacity .......................................................................................................... 74
9.1.3 Electricity Generation .................................................................................................... 74
9.1.4 Electricity Consumption ................................................................................................. 74
9.1.5 Thermal Power Plant ..................................................................................................... 74
9.1.6 Hydropower Plant .......................................................................................................... 74
9.1.7 Nuclear Power............................................................................................................... 74
9.1.8 Renewable Energy Resources ...................................................................................... 75
9.2 Abbreviations .................................................................................................................... 76
9.3 Bibliography ...................................................................................................................... 77
9.4 GlobalData’s Methodology ................................................................................................ 77
9.4.1 Coverage ...................................................................................................................... 78
9.4.2 Secondary Research and Analysis ................................................................................ 78
9.4.3 Primary Research and Analysis..................................................................................... 79
9.5 Disclaimer ......................................................................................................................... 79
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CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1.1 List of Tables
Table 1: Power Market, Canada, Gross Domestic Product ($tr), Population (million), and Annual Power
Consumption (TWh), 2000–2019 ................................................................................................. 15
Table 2: Power Market, Canada, Key Regulatory Authorities, by Province and Territory ............................ 18
Table 3: Power Market, Canada, Market Share of Leading Power Generation Companies (%), 2014 ........ 19
Table 4: Power Market, Canada, Deal Value ($bn) and Number of Deals, 2004–April 2015 ....................... 21
Table 5: Power Market, Canada, Deals by Type (%), 2014 ........................................................................ 22
Table 6: Power Market, Canada, Annual Power Consumption (TWh), 2000–2025 ..................................... 24
Table 7: Power Market, Canada, Power Consumption by Sector (%), 2014 ............................................... 25
Table 8: Power Market, Canada, Cumulative Installed Capacity by Fuel Type (%), 2014 ........................... 29
Table 9: Power Market, Canada, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2025 .................................................................................................................................. 32
Table 10: Power Market, Canada, Leading Thermal Power Plants, 2015 ..................................................... 34
Table 11: Power Market, Canada, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2025 .................................................................................................... 36
Table 12: Power Market, Canada, Leading Hydropower Plants, 2015.......................................................... 38
Table 13: Power Market, Canada, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2025 .................................................................................................... 40
Table 14: Power Market, Canada, Leading Nuclear Power Reactors, 2015 ................................................. 42
Table 15: Power Market, Canada, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power
Generation (TWh), 2000–2025 .................................................................................................... 44
Table 16: Power Market, Canada, Leading Renewable Power Plants (MW), 2015 ....................................... 46
Table 17: Power Market, Canada, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2025 ......................................................................................... 48
Table 18: Power Market, Canada, Transmission Line Length (Ckm), 2000–2020 ........................................ 49
Table 19: Power Market, Canada, Annual Electricity Imports and Exports (TWh), 2000–2014 ..................... 52
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table 20: Power Market, Canada, Hydro-Quebec, SWOT Analysis, 2015 ................................................... 54
Table 21: Power Market, Canada, Ontario Power Generation Inc., SWOT Analysis, 2014 ........................... 59
Table 22: Power Market, Canada, BC Hydro, SWOT Analysis, 2014 ........................................................... 63
Table 23: Power Market, Canada, TransAlta Corporation, SWOT Analysis, 2015 ........................................ 67
Table 24: Power Market, Canada, Manitoba Hydro, SWOT Analysis, 2014 ................................................. 71
Table 25: Abbreviations .............................................................................................................................. 76
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Table of Contents
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1.2 List of Figures
Figure 1: Power Market, Canada, Gross Domestic Product ($tr), Population (million) and Annual Power
Consumption (TWh), 2000–2019 ................................................................................................. 14
Figure 2: Power Market, Canada, Market Share of Leading Power Generation Companies (%), 2014 ........ 19
Figure 3: Power Market, Canada, Deal Value ($bn) and Number of Deals, 2004–April 2015 ....................... 20
Figure 4: Power Market, Canada, Deals by Type (%), 2014 ........................................................................ 22
Figure 5: Power Market, Canada, Annual Power Consumption (TWh), 2000–2025 ..................................... 23
Figure 6: Power Market, Canada, Power Consumption by Sector (%), 2014 ............................................... 25
Figure 7: Power Market, Canada, Cumulative Installed Capacity by Fuel Type (%), 2014 ........................... 29
Figure 8: Power Market, Canada, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2025 .................................................................................................................................. 31
Figure 9: Power Market, Canada, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2025 .................................................................................................... 35
Figure 10: Power Market, Canada, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2025 .................................................................................................... 39
Figure 11: Power Market, Canada, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power
Generation (TWh), 2000–2025 .................................................................................................... 43
Figure 12: Power Market, Canada, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2025 ......................................................................................... 47
Figure 13: Power Market, Canada, Annual Electricity Imports and Exports (TWh), 2000–2014 ..................... 51
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CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
2 Introduction
Canada is a developed country with an economy that is primarily dependent upon its
manufacturing, mining, and service sectors. It has shifted over the last century from a largely rural
economy into one that is largely industrial and urban. In 2014, the service sector accounted for
XX% of Gross Domestic Product (GDP), followed by the industrial sector with XX% and the
agricultural sector with XX% (CIA, 2014). Canada is also a significant exporter of raw goods, which
is rare for a developed country. It exports motor vehicles and parts, industrial machinery, aircraft,
telecommunications equipment, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum,
natural gas, electricity, and aluminum. Its major export partners are the US and the UK. The 1989
US–Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement
(NAFTA) have contributed to its economic integration with the US, which is Canada’s principal
trading partner. Canada is the US’ largest foreign supplier of energy.
Canada is a member of the Organisation for Economic Co-operation and Development (OECD)
and the G8 and has been a member of the World Trade Organization (WTO) since January 1,
1995. The WTO is the cornerstone of its trade policy and provides a forum for the advancement of
relations between established and potential global trading partners. Between 2009 and 2010,
Canada registered one of the largest increases, in real terms, in Official Development Assistance
(ODA), a measure through which developed countries promote economic development in
developing countries.
Canada benefited from steady economic growth between 1993 and 2007 but its economy went into
decline in 2008 due to the global economic crisis, recording a GDP drop of XX% in 2009. From
2009, the major banks emerged from the financial crisis due to a tradition of conservative lending
practices and strong capitalization. The economy recovered in 2010, with GDP growing at XX%. In
2011, its GDP growth rate decreased to XX% and was even lower in 2012, at XX%. However,
there was a slight improvement in 2013, with growth of XX% and a still higher XX% recorded in
2014 (IMF, 2014).
The petroleum sector is rapidly becoming a major economic driver, driven by increasing exports of
energy and energy-related products, including oil, gas, electricity, and petroleum.
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CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
Natural Resources Canada (NRCan) is the ministry responsible for the development of policies and
programs related to natural resources, energy, minerals, metals, forests, earth sciences, mapping,
and remote sensing. The National Energy Board (NEB) and the Canadian Nuclear Safety
Commission (CNSC) are independent regulators, and the Canadian Electricity Association (CEA) is
a national forum for electricity business. Electric utilities that are involved in the generation and
Transmission and Distribution (T&D) of electricity are members of CEA.
2.1 GlobalData Report Guidance
The executive summary captures the key growth trends in the Canadian power market.
Chapter three provides a snapshot of the key parameters that affect Canada’s power sector, as
well as key points about the power market.
Chapter four provides analysis of Canada’s power market, including the market shares of the
leading power generation companies, ratio analysis of the leading power utilities, and analysis
of electricity consumption.
Chapter five details the regulatory structure of the power market and the inward foreign
investment scenario.
Chapter six provides information on Canada’s cumulative installed capacity and annual
generation trends by individual generation source.
Chapter seven describes the power T&D infrastructure and provides information on
interconnectors with neighboring countries. The section also covers electricity imports and
exports and upcoming grid-related projects.
Note: From 2014, the report provides actual or estimated data depending on availability at the time
of writing.
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Snapshot
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
3 Canada Power Market, Snapshot
3.1 Macro-economic Factors
Canada’s GDP (at constant prices) grew from $XX trillion in 2000 to $XX trillion in 2013 at a
Compound Annual Growth Rate (CAGR) of XX%. As with most industrialized countries that have
integrated their economy into the larger global economy, GDP declined sharply in 2009 at a CAGR
of XX%, from $XX trillion in 2008 to $XX trillion in 2009. The average CAGR during this period was
XX%, and is forecast to be lower at XX% between 2015 and 2019.
The population grew from XX million in 2000 to XX million in 2014 at a CAGR of XX%, and is
expected to grow at the same CAGR to XX million by 2019.
Positive economic and population growth has led to a rise in electricity consumption, from XX
Terawatt hours (TWh) in 2000 to XX TWh in 2014 at a CAGR of XX%. It is expected to grow at a
CAGR of XX% between 2015 and 2019 due to the resumption of economic growth.
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Snapshot
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Figure 1: Power Market, Canada, Gross Domestic Product ($tr), Population (million) and Annual Power Consumption (TWh), 2000–2019
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Pop
ulat
ion
(mill
ion)
and
ann
ual p
ower
con
sum
ptio
n (T
Wh)
GD
P ($
tr)
GDP (constant prices) Population Annual power consumption
Source: GlobalData; IMF, 2014
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CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Market Analysis
4.2 Canada, Power Market, Key Market Players
Hydro-Québec was the largest power generation company in 2014, constituting an estimated XX%
of the total installed capacity. Ontario Power Generation (Ontario Power) was the second-largest
power generation company with XX%, followed by BC Hydro with XX%, TransAlta with XX%, and
Manitoba Hydro with XX%. Other smaller producers made up the remaining XX%.
Figure 2: Power Market, Canada, Market Share of Leading Power Generation Companies (%), 2014
Hydro-Québec
Ontario Power
BC Hydro
TransAltaManitoba Hydro
Other
Source: GlobalData
Table 3: Power Market, Canada, Market Share of Leading Power Generation Companies (%), 2014 Company Share
Hydro-Québec
Ontario Power Generation
BC Hydro
TransAlta
Manitoba Hydro
Other
Source: GlobalData
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9 Appendix
9.1 Market Definitions
9.1.1 Power
Power refers to the rate of production, transfer or energy use, usually related to electricity. It is
measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known
as real power or active power.
9.1.2 Installed Capacity
Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer, or
the maximum rated output of a generator under given conditions. It is given in Megawatts (MW) on
a nameplate affixed to the generator.
9.1.3 Electricity Generation
Electricity generation refers to the process of generating electricity from other forms of energy. It
also refers to the amount of electricity produced, expressed in Gigawatt hours (GWh).
9.1.4 Electricity Consumption
Electricity consumption is the sum of electricity generated, plus imports, minus exports and
Transmission and Distribution (T&D) losses. It is measured in Gigawatt hours (GWh).
9.1.5 Thermal Power Plant
A thermal power plant is a plant in which turbine generators are driven by burning fossil fuels.
9.1.6 Hydropower Plant
A hydropower plant is a plant in which the turbine generators are driven by falling water.
9.1.7 Nuclear Power
Nuclear power is the energy released from the fission of nuclear fuel in a reactor.
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.1.8 Renewable Energy Resources
Renewable energy resources are those that provide energy that is naturally replenished but limited
in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydropower
and wind are examples of renewable resources.
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.2 Abbreviations
Table 25: Abbreviations AECB Atomic Energy Control Board
AESO Alberta Electric System Operator
CAGR Compound Annual Growth Rate
CCGT Combined-Cycle Gas Turbine
CEA Canadian Electricity Association
Ckm Circuit kilometer
CNSC Canadian Nuclear Safety Commission
Cogen Cogeneration
DC Direct Current
ecoEII ecoEnergy Innovation Initiative
FiT Feed-in Tariff
FTA Free Trade Agreement
GDP Gross Domestic Product
GW Gigawatt
GWh Gigawatt hour
IESO Independent Electric System Operator
kV kilovolt
MW Megawatt
NAFTA North American Free Trade Agreement
NEB National Energy Board
NGX Natural Gas Exchange
NRCan Natural Resources Canada
ODA Official Development Assistance
OECD Organisation for Economic Co-operation and Development
PHWR Pressurized Heavy-Water Reactor
PV Photovoltaic
T&D Transmission and Distribution
TWh Terawatt hour
WTO World Trade Organization
Source: GlobalData
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.3 Bibliography
BP Statistics, 2014. BP Statistical Review of World Energy June 2014 [database]. Available
from: http://www.bp.com/content/dam/bp/excel/Energy-Economics/statistical-review-2014/BP-
Statistical_Review_of_world_energy_2014_workbook.xlsx [Accessed on May 6, 2015].
CIA (2015). Canada – The World Factbook. Central Intelligence Agency, May 01, 2015.
Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html
[Accessed on May 6, 2015].
IMF (2014). World Economic Outlook Database, October 2014 [database]. International
Monetary Fund. Available from:
http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/index.aspx [Accessed on May 6,
2015].
NRCan (2014). ecoENERGY for Renewable Power. Natural Resources Canada, January 8,
2014. Available from: http://www.nrcan.gc.ca/ecoaction/14145 [Accessed on May 5, 2015].
WNA (2014). Nuclear Power in Canada. World Nuclear Association. Available from:
http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/Canada--Nuclear-Power/
[Accessed on May 6, 2015].
9.4 GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with
advanced statistical expertise and marketing, market research and consulting backgrounds in the
energy industry.
GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and
Strategic and Competitive Intelligence Professionals (www.scip.org).
All of GlobalData’s databases are continuously updated and revised. The following methodology
has been followed for the collection and analysis of data presented in this report.
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.4.1 Coverage
This report covers the Canadian power market, examining the market structure and providing
historical generation, capacity and consumption forecasts until 2025. It also looks at the market’s
regulatory structure, import and export trends, competitive landscape and leading active and
upcoming power projects.
9.4.2 Secondary Research and Analysis
The capacity, generation and consumption data is collected and validated using a number of
secondary resources including but not limited to:
Government agencies, ministry websites, industry associations, the World Bank, IMF, and
statistical databases
Company websites, annual reports, financial reports, analyst reports and investor
presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases such as the Capacity and Generation Database, Power
Plant Database and Transmission and Distribution Database
Further to this, the following secondary information is collected and analyzed to project Canada’s
power market scenario to 2025, analyzing factors such as:
Macroeconomic scenario
Government regulations, policies and targets
Government and private sector investment
Contract and deal announcements
Utility expansion plans
The sector’s historical track record
Other qualitative insights built through secondary research and analysis of company websites,
annual reports, investor presentations, industry and trade journals, and data from industry
associations
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Appendix
CANADA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.4.3 Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants
to verify the market numbers obtained through secondary research and obtain first-hand
information on industry trends.
The participants are drawn from a diverse set of backgrounds, including power producers,
equipment manufacturers, industry associations, government bodies, utilities, distributors, and
academia. The participants include but are not limited to C-level executives, industry consultants,
academic experts, business development and sales managers, purchasing managers, plant
managers, government officials and industry spokespersons.
9.5 Disclaimer
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No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, GlobalData.
This report is a licensed product and should not to be reproduced without prior permission.