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and-trade systems would further <strong>in</strong>crease the value of trad<strong>in</strong>g<br />

electricity across Canada.<br />

4. EXPORT AND TRANSMISSION ISSUES<br />

The export of electricity is only possible if enough<br />

<strong>in</strong>terconnections exist between prov<strong>in</strong>ces. Table 8 shows<br />

that not only these <strong>in</strong>terconnections exist, but they are<br />

already used to export with<strong>in</strong> Canada between 12% and<br />

69% of the total electricity exports. However, paradoxically,<br />

current <strong>in</strong>terconnections to Alberta and<br />

Ontario only represent between 10% and 20% of<br />

the export capacity of the four prov<strong>in</strong>ces discussed<br />

here. This reflects the fact that very limited <strong>in</strong>vest-<br />

ment has been done to <strong>in</strong>crease prov<strong>in</strong>cial trade. To<br />

some extent, these limited capacities “protect” high<br />

market prices <strong>in</strong> market-based<br />

prov<strong>in</strong>ces.<br />

If only new transmission l<strong>in</strong>es<br />

were built to export the electricity<br />

available through consumption reductions<br />

(10% reduction scenario), a total<br />

<strong>in</strong>vestment of less than $8.5 billion<br />

would be needed, as shown <strong>in</strong> Table 9<br />

for the four prov<strong>in</strong>ces.<br />

Results <strong>in</strong> Table 9 are based on<br />

standard assumptions made <strong>in</strong> transmission.<br />

It is <strong>in</strong>terest<strong>in</strong>g to notice that<br />

November/December 2007<br />

Table 7. Kilotons of CO2-equivalent reduction from BC, Manitoba and Québec<br />

exports<br />

Table 8. Exports from BC, Saskatchewan, Manitoba and Québec, 2006<br />

Table 9. Estimated <strong>in</strong>vestment <strong>in</strong> transmission capacity to export all energy saved to Alberta and<br />

Ontario<br />

27

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