S'abonner

Hydro-Québec launches a 10 G$ energy efficiency plan by 2035

Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.

Share:

Hydro-Québec unveiled its most ambitious energy efficiency strategy on April 24, 2025, aiming to save the equivalent of 10% of Quebec’s electricity consumption by 2035. The plan comes with an investment of 10 G$ (7.24 G€) to support the economy and improve collective well-being. According to the company, this initiative is three times cheaper than other electricity supply sources.

Energy efficiency, in addition to reducing consumer bills, is expected to create over 5,000 new jobs across the province. The programme includes three major actions, with an initial investment of 2 G$ (1.45 G€).

Key initiatives for consumers

Hydro-Québec has launched a programme allowing residential customers to access Canadian-made smart thermostats for free. The goal is to install more than one million of these devices to help households better manage their energy consumption. Financial support is also available for the purchase of other equipment such as heat pumps.

Optimising commercial and industrial buildings

At the same time, the company is creating a new alliance aimed at improving energy efficiency in large commercial and institutional buildings. The Efficient Solutions programme offers financial support to small and medium-sized enterprises (SMEs), enabling them to reduce their energy bills by up to 20%. Hydro-Québec is also offering personalised assistance to industries to overcome technical and financial barriers to energy modernisation.

Energy standards revision

In collaboration with the government of Quebec, revised energy standards will be introduced to optimise the performance of buildings and industries, contributing to 25% of the expected energy savings in this trajectory.

A turning point for Hydro-Québec

Hydro-Québec aims to strengthen Quebec’s energy independence by combining this efficiency trajectory with other projects, such as the expansion of wind farms and the modernisation of hydroelectric plants. The company is also focusing on integrating other technologies, such as solar, to support its goal of energy independence.

  • Populaires ​
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
Bomb attack halts operations on Colombia’s Caño Limón-Coveñas oil pipeline
Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca
Occidental Petroleum reduces production in the Gulf of Mexico in the second quarter
TNB, Petronas and Terengganu Inc launch green hydrogen hub and hybrid solar in Malaysia
Trump mobilises USD92bn in private investment for AI and electricity in the United States
Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
Outages in Nouakchott expose weaknesses in Mauritania’s power grid
Nouakchott has endured lengthy power interruptions for several weeks, highlighting the financial and technical limits of the Mauritanian Electricity Company as Mauritania aims to widen access and green its mix by 2030.
Multilateral climate funds redirect energy finance towards emerging markets
Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.
Governments extend their stockpiles to cover 98 % of global oil
The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.
Chinese trade-in programme cuts air-conditioning bills by $943mn
According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
Washington considers tariffs on solar-grade silicon and drones
Washington is examining sectoral taxes on polysilicon and drones, two supply chains dominated by China, after triggering Section 232 to measure industrial dependency risks.
Terna plans EUR3.5bn investment to modernise Sicily’s electricity grid by 2034
The 2025-2034 development plan presented by Terna includes strengthening Sicily’s grid, new interconnections, and major projects to support the region’s growing renewable energy capacity.
Terna and NPC Ukrenergo sign strategic agreement for European energy integration
Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.
GE Vernova modernises TransnetBW’s key cross-border power hub in Germany
GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
Britain anticipates massive surge in electricity demand by 2050
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
Terna secures €1bn in guarantees with SACE and EIB for Adriatic Link project
Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
India reforms oil contracts to attract more international investors
India unveils a series of reforms on oil and gas contracts, introducing a fiscal stability clause to enhance the sector’s attractiveness for foreign companies and boost its growth ambitions in upstream energy.
The European Union commits EUR2.3bn to accelerate Ukraine’s energy reconstruction
The European Commission is launching a special fund of EUR2.3bn ($2.5bn) to boost Ukraine’s reconstruction and attract private capital to the energy and infrastructure sectors.
Asia accounts for 71% of new renewable capacity, Africa remains marginalised
Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
Trump law reshapes US energy markets according to Wood Mackenzie
US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
The French Senate adopts the Gremillet bill for energy transition
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Latin America’s six largest economies accelerate transition to renewables
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
Canada funds 13 Indigenous energy projects with $40mn investment
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
Germany extends electricity price aid to 2,200 companies
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
Czech Republic hit by massive power outage disrupting the economy
A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING