Household Energy Affordability in a Net-Zero Future

Authors: Nick Martin, Daniel Bowie, Rami Fakhoury, Moe Kabbara

This report from the Transition Accelerator’s Electrifying Canada initiative looks into what total household energy wallets—the total spent on heating and personal transportation—could look like in 2050, the year that Canada has committed to reaching net-zero greenhouse gas emissions.

Building on analysis provided for the Canada Electricity Advisory Council’s Final Report, Household Energy Affordability in a Net-Zero Future develops three scenarios for future electricity rates to examine how those rates will impact energy wallets across the country. The results show this transition could be good news for most Canadians, with most households seeing lower costs in all scenarios. However, some could see increased costs if no action is taken—including just under half of households in the highest-cost scenario.

Fortunately, Canada has the tools to secure energy affordability for those most at risk, and to ensure this transition delivers broad-based benefits. Learn more about the benefits and challenges in Electrifying Canada’s report, Household Energy Affordability in a Net-Zero Future, and the accompanying technical report outlining the methodology, inputs, and assumptions behind the analysis.

The Transition Accelerator is a pan-Canadian organization that works with the Energy Transitions Commission and others to help ensure a prosperous, competitive and net-zero Canada in 2050.