U.S. Electricity Exports to Canada Jump

Reduced hydropower generation in Canada and low natural gas prices in the U.S. have resulted in a jump in U.S. exports of electricity to Canada since 2023, according to estimates by the U.S. Energy Information Administration (EIA). The U.S. and Canada have been each other’s main electricity trade partners for decades, and for most of the past two decades, Canada exported much more electricity to the U.S. than it imported. However, cheap natural gas in the U.S. and consequently, cheaper power prices, made U.S. electricity more competitive…