Prime Minister Mark Carney has announced a plan to double Canada’s electricity grid by 2050, which he says will lower energy costs for 70 percent of Canadian households.
Carney announced his government’s new National Electricity Strategy, dubbed Powering Canada Strong, at a May 14 press conference on Parliament Hill. He said the grid expansion is estimated to generate up to $15 billion in energy savings, with seven in 10 households paying less for their total energy by 2050.
“Canada will double its electricity generation over the course of the next two decades, because the path to affordability is electrification, the path to competitiveness is electrification, the path to net-zero is electrification,” Carney said, adding that many goods such as cars, heaters, and factory machines, are switching to electric power….