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Canada Power Market: New industry data published
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Canada Power Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-03 01:22:04
With power demand highly correlated to economic activities, we maintain our relatively positive outlook for the Canadian power sector. Our country risk analysts forecast Canadian real GDP growth to move just above the 2.2-2.3% long-term trend on average in 2014 and 2015, with expansion of 2.3% and 2.5% in those years, respectively. We thus expect that in 2014 power consumption will experience positive growth, albeit at a mere 0.96%. That said, overall generation will decline as Canada´s power exports to its southern neighbour will decrease slightly.

Our fundamental assumptions of the market continue to be relevant, and thus our short and long-term forecasts remain mostly unchanged. Canada enjoys the advantage of a diverse and balanced electricity mix, thanks to its abundant indigenous resources. Yet, and despite Canada´s decision to withdraw from the Kyoto Protocol, environmental concerns are likely to weigh heavily on the country´s energy agenda. Hence, in a picture similar to the one of its Southern neighbour, we anticipate that planned shifts in the share of various fuels will be among the key drivers of new investment in the power sector. That said, there have been a number of positive developments across every segment of the power sector during 2013:

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