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Home » Energy Market Update: April 2025

Energy Market Update: April 2025

Alberta

Alberta bill enables hydrogen home heating, electricity market remodelling

Alberta’s government is looking to give the green light to hydrogen as a home and commercial heating fuel in a move it says will boost demand and reduce emissions. If passed, legislation tabled by Utilities Minister Nathan Neudorf will allow utility companies to blend hydrogen into their supply of natural gas provided customers sign off on receiving the blended heat source. Neudorf’s bill also sets the stage for Alberta to make changes to its electricity market as part of a substantial system overhaul. Changes include moving to a day-ahead pricing system for producers and new rules surrounding how and where power generators can access Alberta’s grid system. Source: Lethbridge News Now

Electricity Prices for Alberta

The Alberta power pool price averaged 3.369 cents per kWh in April 2025. This price is 0.105 cents lower than last month’s average of 3.474 cents. The pool price has averaged 4.523 cents per kWh over the last 12 months.

As of May 1, 2025, the forward market was predicting electricity prices for the calendar years of 2025, 2026, 2027, 2028, 2029, 2030, and 2031. These prices are 4.675, 4.758, 5.125, 5.725, 6.075, 6.075, and 6.075 cents per kWh respectively.

Gas Prices for Alberta

Direct Energy’s gas rate for April 2025 was $2.210 per GJ in Alberta. The May 2025 rate has been set at $2.419 per GJ. Alberta gas prices have averaged $1.635 per GJ over the last 12 months.

As of May 1, 2025, the forward market was predicting gas prices for the calendar years of 2025, 2026, 2027, 2028, and 2029. These prices are 2.39, 3.12, 3.02, 2.95, and 2.92 cents per GJ respectively.

 

British Columbia

B.C. streamlines permitting for renewable-energy projects

The Province is taking action to speed up permitting for renewable-energy projects to meet growing demand for clean power, address climate change and secure energy independence for British Columbians in the face of unprecedented trade threats. The Government introduced the renewable energy projects (streamlined permitting) act to the legislative assembly on Wednesday, April 30, 2025. If passed, the act will expand the authority of the BC Energy Regulator (BCER) to oversee renewable-energy projects, building on the Province’s investments to generate the clean power needed to create a healthier environment and sustainable future for British Columbians. If approved, these changes will establish the BCER as the primary permitting agency for renewable-energy projects and transmission lines. The legislation will help simplify the approvals process for these projects, eliminating the need for cross-ministry and agency permitting, by establishing the BCER as the single window for permitting in accordance with strict environmental standards. This will be completed in a staged approach through regulation. Source: Government of British Columbia

 

Ontario

2 northern Ontario First Nations partner with province to expand hydroelectric power generation

Two northern Ontario First Nations are partnering with the provincial government to expand hydroelectric power generation in the region with plans for two new power stations. If approved, the two hydroelectric power stations could produce up to 430 megawatts of electricity – enough to power 430,000 homes. The proposal includes a generating station at Nine Mile Rapids on the Abitibi River which could generate around 256 megawatts of electricity and the proposed Grand Rapids generating station on the Moose River, which could generate about 174 megawatts of electricity. Taykwa Tagamou Nation and Moose Cree First Nation will plan the two projects with the provincial government and Ontario Power Generation. The proposed hydroelectric projects would be near the Ring of Fire mineral deposit, which is rich in critical minerals including chromite, nickel, copper, platinum group elements, gold and zinc. Source:  CBC

 

Saskatchewan

Saskatchewan Encourages New Pipeline Projects with Oil Infrastructure Program Extension

The Government of Saskatchewan is extending the Oil Infrastructure Investment Program (OIIP) to expand market access for Saskatchewan oil and support the continued development of carbon dioxide (CO2) pipelines. CO2 pipelines play an important role in reducing emissions and growing enhanced oil recovery capacity. Since OIIP was introduced in 2020, 74,000 barrels per day of new oil pipeline capacity has been added through the program. To date, over $100 million in private capital investment has been secured through OIIP, with a further $380 million associated with projects that have been conditionally approved. “This program remains essential to our goals of generating investment in new energy projects and increasing our oil export capacity,” Energy and Resources Minister Colleen Young said. Source: Government of Saskatchewan

 

Manitoba

Manitoba ends some electricity exports to U.S., with plans to turn northward

Manitoba will soon have more energy for itself and other Canadian jurisdictions after two hydroelectric contracts with a Minnesota utility expire at the end of this month, Premier Wab Kinew said. He said Manitoba is repatriating energy by keeping that power for domestic use. The 500 megawatts of power have been factored into the utility’s plans for the coming years, as it faces potential capacity limits in peak winter months as early as 2029. Kinew said 50 megawatts of the newly available power will be set aside for potential development of a transmission line that would connect parts of Nunavut to Manitoba’s grid. The Kivalliq Hydro-Fibre Link, an infrastructure project that aims to reduce dependence on diesel fuel in northern communities, is in the early stages and could be online by 2032. Source: Halifax – City News

 

New Brunswick

Environmental Trust Fund supports 196 projects in New Brunswick

Nearly 200 community-based projects across the Province of New Brunswick are sharing $9.7 million from the Environmental Trust Fund. The 196 initiatives have a range of goals, from protecting the environment and managing waste to addressing climate change. Since its inception in 1990, the Environmental Trust Fund has supported community-based initiatives that focus on several priority areas: environmental protection, raising environmental awareness, waste management, addressing climate change and building sustainable communities. Here are some of the organizations that received funds: Ducks Unlimited Canada, NB Community Harvest Gardens Inc. Urban Teaching Farm, New Brunswick Environmental Network, and New Brunswick Indigenous Career College. Source: Environment Journal

 

Prince Edward Island

PEI’s first net zero ready school officially opens

Island students, their families and the Sherwood school community came together today to celebrate the opening of PEI’s first net zero ready school. The new Sherwood Elementary School offers over 82,000 square feet of space with many innovative features to promote enhanced learning experiences for up to 650 students. With 31 modern and adaptable classrooms, flexible learning spaces, two large maker space areas for project-based learning, a multipurpose theatre/gymnasium room, two music rooms, and a library, students and educators will benefit from this bright and welcoming learning environment. The net zero ready features of Sherwood Elementary include a 100-kilowatt rooftop solar panel system, a geothermal energy system, triple-pane windows, as well as electric vehicle charging stations. Designed by SableArc Studios, APM MacLean led a team of over 330 local tradespeople to build the new building. School construction started in 2022 and was completed in March 2025. Source: Prince Edward Island

 

Québec

Hydro-Québec launches a 10 G$ energy efficiency plan by 2035

Hydro-Québec unveiled its most ambitious energy efficiency strategy on April 24, 2025, aiming to save the equivalent of 10% of Quebec’s electricity consumption by 2035. The plan comes with an investment of 10 G$ to support the economy and improve collective well-being. According to the company, this initiative is three times cheaper than other electricity supply sources. Energy efficiency, in addition to reducing consumer bills, is expected to create over 5,000 new jobs across the province.

The programme includes three major actions, with an initial investment of 2 G$. In collaboration with the government of Quebec, revised energy standards will be introduced to optimise the performance of buildings and industries, contributing to 25% of the expected energy savings in this trajectory. Hydro-Québec aims to strengthen Quebec’s energy independence by combining this efficiency trajectory with other projects, such as the expansion of wind farms and the modernisation of hydroelectric plants. The company is also focusing on integrating other technologies, such as solar, to support its goal of energy independence. Source: Energy News

 

Newfoundland and Labrador

Five Projects Selected for Newfoundland Power’s EnviroFest 2025

Newfoundland Power is pleased to announce the selected projects for EnviroFest 2025, an annual initiative that supports environmental projects making a positive impact in communities across the province. This year, five community-led projects have been selected for funding and hands-on support: Town of Mount Carmel-Mitchell’s Brook-St. Catherine’s, the project will improve accessibility in the community garden. Town of Terrenceville, a new gathering area will be developed as a space for community connection. Town of Centreville-Wareham-Trinity, the project will install a clean, sustainable and eco-friendly restroom facility. Youth 2000 Centre, an accessible garden for youth and families, promoting learning, food growth, and outdoor activity. Bishop Feild Elementary, Enhancements include improved drainage and the planting of trees, shrubs, and perennial flowers to create a greener space. Source: Newfoundland Power

 

Nova Scotia

Canada’s first-of-its-kind bioinnovation centre opening in Nova Scotia

Nova Scotia will soon be a major player in the world of bioinnovation thanks to the newly opened Neptune BioInnovation Centre in Dartmouth. The centre will transform Nova Scotia’s bioindustrial landscape and will be a world-leading biofermentation centre, allowing Nova Scotia to compete globally, strengthen domestic supply chains and foster biotechnology advancements across critical sectors, including life sciences, pharmaceuticals, forestry and agriculture. The Neptune BioInnovation Centre is a world-class, multi-user facility that is the first of its kind in Canada and one of three in the world. It is projected to create more than 2,400 jobs, $175 million in salaries and $74 million in tax revenue and contribute $334 million annually to the province’s gross domestic product. The centre — which will help strengthen Nova Scotia’s domestic supply chains and promote biotechnology advancements in areas such as smart materials, bioplastics, functional foods, green chemicals, therapeutics and alternative proteins — is an $18-million public-private partnership with funding committed by the Province of Nova Scotia, Atlantic Canada Opportunities Agency (ACOA), Next Generation Manufacturing Canada (NGen) and cleantech firm Dispersa. Environment Journal

 

Nunavut

Clean and green in the frozen white Arctic: Grise Fiord to expand solar energy project

In the small community of Grise Fiord, 1,160 kilometres north of the Arctic Circle, harnessing the energy from the midnight sun four months of the year makes perfect sense. In 2022, solar panels generating 10-kilowatts were installed to supplement the diesel fuel on which residents rely for survival. David General, senior administrative officer (SAO), said the panels, used for net metering, helps offset the energy consumed in the building. Plans to expand the project later this year are underway, with solar panels being mounted on the roof of the building. The entire project was made possible through a grant from Canada’s Northern REACHE program, which supports Northern and Indigenous communities in their transition to renewable, sustainable and affordable sources of energy.

Klaus Dohring, president of Green Sun Rising Inc. in Windsor, Ont. — the company that installs the solar panels — said the Grise Fiord installation is one of 13 solar energy projects underway in Nunavut and one of 54 across Arctic communities. The upcoming project in Grice Fiord will be a 100-kilowatt system, Dohring noted. He also said the initial 10-kilowatt system offsets about 3,000 litres of diesel fuel each year, while the upcoming project — 10 times larger — will displace up to 30,000 litres of diesel annually. Compared to the repeated shipping costs of diesel, along with financing and storage, he said his team have to arrive only once to install the system. The solar photovoltaic system requires very little maintenance, Dohring said, and they can monitor the system via the internet. Source: Nunavut News

 

Northwest Territories

How NWT power changes aim to promote community-led clean energy

New policy direction from the NWT government to the territory’s power regulator seeks to promote renewables and community-led energy while mitigating negative impacts to the existing system. Eleven directives released earlier this month are set to change the way the Public Utilities Board regulates power in the territory. Once implemented, the changes would apply to utilities – such as the NWT Power Corporation and Naka Power – as well as non-utility entities that produce renewable electricity. Substantial changes include increasing the cap on intermittent renewable generation in communities and laying the groundwork for an independent power producer (IPP) policy. The NWT already has a net metering program, which allows residents to install up to 15 kilowatts of renewables to generate their own power and sell excess electricity to the grid. An IPP policy would target larger, utility-scale projects owned by communities or Indigenous governments. The GNWT has also committed to reaching net-zero emissions by 2050, which will require more renewable energy. Source: Cabin Radio

 

Yukon

Yukon government restarts Low Carbon Buildings Program with tweaks

After running out of available funding in May 2023, the Low Carbon Buildings Program will be fired up again, with some tweaks, since the Yukon government secured a new funding deal under a renewed federal Low Carbon Economy Fund. The federal government is putting in $16.4 million and $5.5 million is coming from the Yukon government to fund the delivery of Good Energy rebate programs for buildings from 2025-29, according to a press release. In total, 209 projects were funded before the previous funding pot ran dry, as noted in the release. Businesses, municipalities, First Nations governments and development corporations, and non-profit organizations can apply to the new iteration of the program. The biggest change this time around is the intake process, interested eligible applicants are being asked to provide information on their proposed projects so that by the end of the month the branch can review projects, give feedback and quickly commit to funding so the projects can go forward. Energy, Mines and Resources Minister John Streicker is quoted in the release saying this program will help the Yukon meet its emissions reduction targets by 2030 and reach net-zero emissions by 2050.  Source: Yukon News