Power Perspectives 2025

Canada’s energy sector remains one of the country’s most dynamic, with 2024 being another transformative year. The energy transition continues at a rapid pace while new regulations and amendments to existing ones proliferate at the federal and provincial levels. With so much happening and the pace of change only accelerating, energy sector stakeholders need a comprehensive and in-depth resource charting the most important developments and their implications for sustainable growth.

Covering national and provincial activity in all of Canada’s major energy jurisdictions, our National Energy Group’s Power Perspectives 2025 is your trusted guide to the year ahead. Authored by some of the most experienced energy lawyers in Canada, this annual publication updates you on environmental and other regulatory changes, the notable increase in provinces’ renewable energy procurement, Aboriginal law, and energy subsectors, like carbon capture, storage, and utilization and small modular reactors. It also discusses the federal government’s expanded tax incentives for clean energy, and highlights other key trends to navigate in 2025.

Gain a macro view of Canada’s energy sector or navigate to your preferred jurisdiction or subject, covering:

• British Columbia – BC Hydro’s latest call for power, BC First Nations ownership models, and updates on Site C, the Clean BC Plan, and LNG.
• Alberta – Regulatory pause on renewables, carbon capture and its incentive program, the Restructured Energy Market, Bill 18, Directive 88, the Alberta Court of Appeal’s Altius royalty case, small modular reactors, and other regulatory updates.
• Ontario – Energy procurement, IESO Market Renewal Program, Ontario’s growing electricity demand, Bill 214, electric vehicles, and nuclear power.
• Quebec – Solar RFP, Bill 69, Hydro Quebec’s mega projects and wind power strategy, and other trends and developments.
• Atlantic Provinces – Offshore wind, updates on Nova Scotia, Newfoundland and Labrador, New Brunswick, and Prince Edward Island.
• Environmental Law – Jurisdictional updates, offshore wind, data centers, and implications of Bill C59.
• Aboriginal Law – Regulatory updates, Indigenous agreements, case law updates, and cases to watch.
• Tax Incentives for Clean Energy – Bill C-59, Budget 2024 and the EV supply chain, August 12 draft legislation, and other changes to clean electricity investment tax credits.

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Power Perspectives 2025

This publication is our tenth annual Canadian power industry retrospective. It is intended to provide an overview, at both the regional and national levels, of the most significant developments in the Canadian power sector, and associated emerging energy sectors, in 2024. 

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About McCarthy Tétrault’s National Energy Group

A market leader in providing legal support to the energy industry, our National Energy Group helps clients make their most ambitious objectives a reality. From supporting the development, construction and financing of exciting and transformational projects to helping clients manage their projects’ social and environmental impacts, we have the expertise and foresight to mitigate risks and add value. We support developers, equity investors, lenders, major industrial and commercial users, operators, governments and government agencies with comprehensive insights into policies, key players, and stakeholders to successfully move energy projects through their life cycles. Learn more about how our team can help you.

About McCarthy Tétrault

McCarthy Tétrault LLP provides a broad range of legal services, providing strategic and industry-focused advice and solutions for Canadian and international interests. The Firm has substantial presence in Canada’s major commercial centers as well as in New York and London.

Built on an integrated approach to the practice of law and delivery of innovative client services, the Firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.

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For further information on McCarthy Tétrault or any of the above, please contact media@mccarthy.ca