No more open bar for companies

No more business open bar

MISE À DAY

“We must not seek to become the dollar store for electricity in the world”, illustrated the current CEO of Hydro-Québec, Sophie Brochu, at the microphone of Paul Arcand on Wednesday, alluding to the very low rates granted to companies that settle here.  

Hydroelectricity at a derisory price has long been at the heart of Quebec's industrial policy, in order to attract large companies. But since Hydro-Québec will have to produce a lot more electricity to meet demand over the next few years, choices will have to be made. Last April, Hydro-Québec had also sent a message to industrialists to warn them of the implementation of an evaluation process for projects of more than 50 megawatts.  

“We can no longer accept all industrial projects as before. We will have to either choose them, or tell the industrialists who come to Quebec: you have to find your electricity and make your own agreements with suppliers like Boralex or Hydro, but there will no longer be a special rate for you, “says Pierre -Olivier Pineau.  

INFO BOX 

Quebecers who own Central River Hydro 

– 589 megawatt hydroelectric park – about one-third of the production of the Romaine hydroelectric complex. 

– Thirteen generating stations in cascade and three additional reservoirs over some 500 km, along the Connecticut and Deerfield rivers. 

– Supplies more than 213,000 homes in New England annually – slightly less than the city of Longueuil (246,000 inhabitants).