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Environment

The Growing Cost of Electricity Production in Quebec

Invoking “obvious economic reasons,” i.e., annual savings of $24 million, the Quebec government cancelled six small hydroelectric power projects this past February. In April, however, it announced new supply contracts for wind power, a sector that is already guaranteed to receive an implicit subsidy of $695 million a year until 2020. For Youri Chassin, economist at the MEI and the author of this Economic Note, we have an urgent need for rational decisions based on our actual energy requirements and not on artificial support of various energy sectors.

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