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RSS feed source: US Energy Information Administration
In-depth analysis
November 12, 2024
For the better part of two decades, Canada has exported significantly more electricity to the United States than it imported. However, in the fall of 2023, electricity trade between the two countries became more balanced. The shift was due partly to Canada’s reduced hydropower generation, the country’s primary source of electricity generation, as drought conditions reduced inflow to reservoirs in western Canada. In addition, lower natural gas prices in the United States reduced power prices, making U.S. electricity more competitive.
Monthly average exports from the United States to Canada in 2023 increased 70% on a year-over-year basis to 1,809 gigawatthours (GWh), while monthly average imports from Canada to the United States decreased by 36% to 3,315 GWh. In 2023, the United States remained a net importer of Canada’s power on an annual
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