Fragmented Markets
Canadian Electricity Sectors’ Underperformance
Pierre-Olivier Pineau, Associate Professor, HEC Montréal, 3000, chemin de la Cóte-Sainte-Catherine, Montréal (Québec), Canada H3T 2A7
1 Introduction
Canada is a very important energy producer: in 2011, it was the sixth largest oil producer, third in natural gas, eighth coal exporter, and third hydropower producer (IEA, 2011), while it was the second world uranium producer (WNA, 2012). Overall, in 2009, Canada ranked fifth in terms of total primary energy production, only behind China, the United States, Russia, and Saudi Arabia (EIA, 2012). Given these statistics, one could expect that the energy sector in Canada is a defining sector, well structured and organized. In ...
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