Electric Power Transmission in Canada - Industry Market Research Report

Electric Power Transmission in Canada - Industry Market Research Report
Electric Power Transmission in Canada

Electricity transmission companies in Canada are responsible for storing and distributing electricity from Canada's upstream generation facilities. They manage transmission and distribution networks that total over 160,000.0 kilometres to serve residential, industrial and commercial customers. Industry performance is reliant on electricity prices within provinces, although the inelasticity of energy demand and the high degree of regulation insulates transmitters from any significant revenue declines. Industry performance is also closely tied to demand from major industrial, residential and commercial markets. While residential market demand is somewhat inelastic, industrial and commercial output and demand are much more variable, so performance in these sectors is important for revenue. Prices have been fairly stable in recent years, but strong growth in demand in the wake of the COVID-19 pandemic, in addition to expansion prior to the pandemic, supported revenue expansion. Overall, revenue is forecast to climb at a CAGR of 1.4% to $63.1 billion over the five years to 2023, with revenue rising 1.1% in 2023. Industry profit has decreased over in recent years as capital expenditure has grown.

The Electric Power Transmission industry in Canada transmits and distributes electric power to other utilities and final consumers. This industry does not generate electricity.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.