Canadians will have choices to make concerning how they use energy but energy supply is not in question, says the latest report from the National Energy Board (NEB), an independent federal agency that regulates part of the country's energy industry.
Canada's Energy Future looks at energy supply and demand from a reference case and three scenario perspectives between 2005 and 2030. Across all scenarios, energy demand continues to increase but there will be enough supply to meet the growing need.
While the report says that emerging technologies and alternative energy sources are growing fast, they continue to fulfill a small portion of the total energy demand requirements. For example, emerging and alternative energy, such as wind, solar, geothermal and biofuels in the ‘greenest’ scenario account for 10% of the total energy demand in Canada in 2030.
According to the report, conventional energy will continue to be the No. 1 fuel source for Canadians, and electricity exchanges between provinces and exports to the U.S. will increase.