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No improvement in Quebec’s energy productivity

Publication of 11th State of Energy in Quebec

February 13, 2025

Despite several developments related to energy sector management, petroleum product sales continued to rise and total energy consumption increased faster than the economy and population in Quebec.

Energy productivity was therefore down in 2022, the last year for which data is available. This marks a 3% decline, the first since 2009.

These are some of the main findings of Professor Pierre-Olivier Pineau and researcher Johanne Whitmore of HEC Montréal, who published The State of Energy in Quebec 2025 Edition. This annual report is produced by the HEC Montréal Chair in Energy Sector Management with financial support from the Government of Quebec.

Its authors point out that Quebec is targeting a 40% reduction in its petroleum product consumption by 2030. And since around 40% of the energy consumed by industry, transportation and buildings is lost, we would stand to benefit by increasing energy efficiency in these sectors.

 

“Prioritizing energy efficiency and clean energy production will be essential for ensuring a more affordable and equitable transition, while promoting economic growth and energy security in Quebec.”

Pierre-Olivier Pineau, Chairholder of the HEC Montréal Chair in Energy Sector Management

 

Energy consumption and vehicle sales

Pros:

Cons:

 

Potential progress

With only five years to go until 2030, there is very little time left to meet Quebec’s greenhouse gas (GHG) reduction target. Pierre-Olivier Pineau mentions that certain announced measures could, however, result in some progress:

 

“To make the transition a success, Quebec must first reverse its energy consumption trends in order to better absorb the costs of emerging energies and electrification. Quebec’s approach relies more on incentives, such as subsidies for heat pumps. Greater emphasis on tax, tariff and regulatory measures as well as efficiency standards, is necessary to align markets with the goal of carbon neutrality by 2050.”

Pierre-Olivier Pineau

 

For more information, consult The State of Energy in Quebec 2025 Edition [in French only]

HEC Montréal Chair in Energy Sector Management