Energy Supply and Demand Projections

bull The National Energy Board rsquo s Energy Futures series explores how possible energy futures mightunfold for Canadians over the long term This analysis is not a prediction of what will takeplace, nor does it aim to show how certain goals like Canada rsquo s climate targets will be achieved Rather, Energy Futures employs economic and energy models to make projections based on acertain set of assumptions given what we know today about technology, energy and climatepolicies, human behaviour and the structure of the economy bull This report, Canada rsquo s Energy Future 2017 Energy Supply and Demand Projections to 2040 EF2017 ,is the latest edition of this series bull EF2017 considers three cases o The Reference Case is based on a current economic outlook, a moderate view of energyprices, and climate and energy policies announced at the time of analysis o The Higher Carbon Price HCP Case considers the impact on the Canadian energysystem of higher carbon pricing than in the Reference Case o The Technology Case considers the impact on the Canadian energy system of greateradoption of select emerging energy production and consumption technologies bull In developing this report the NEB engaged various energy experts and stakeholders to gatherinput and feedback on the assumptions and preliminary projections The NEB would like tothank all participants for their contributions to EF2017 bull Over the projection period, it is likely that developments beyond the realm of normalexpectations, such as geopolitical events or technological breakthroughs, will occur Likewise, nbsp new information will become available and trends, policies, and technologies willevolve In particular, EF 2017 makes several simplifying assumptions on future carbon pricingin Canada The actual implementation of the pan Canadian approach to carbon pricing couldlead to different impacts on Canada rsquo s energy system than shown here This report should notbe taken as an official or definitive impact analysis of this initiative Readers of this analysisshould consider the projections a baseline for discussing Canada rsquo s energy future today, not aprediction of what will take place in the future