Investment tax credits are a win for Canadian electricity customers

Press Release

November 5 , 2025

Electricity Canada responds to Budget 2025, “Canada Strong”

Canada’s electricity providers are ready to build a bigger, more reliable, more affordable electricity system that will meet the needs of our growing Canadian economy.

Support for electricity infrastructure investment will help keep electricity bills affordable for working Canadians. That’s why it’s essential. The Clean Electricity Investment Tax Credits (ITCs) announced in today’s budget will help electricity providers grow and invest in the Canadian electricity system.

These ITCs will ensure that all electricity providers in Canada have access to investment tax credits, including provincially- and Indigenous-owned electricity companies. It also expands eligible investments to include other technologies, including interprovincial transmission.

Other important aspects of this announcement include:

• The removal of the conditionality requirements for crown corporations. This will make it easier for provincially-owned electricity providers to access the ITC and advance projects.
• The expansion of the Canada Infrastructure Bank to $45 billion which will help facilitate investment.

Other 2025 budget considerations for the electricity sector:

• Electricity Canada applauds the government’s commitment to adjust the greenwashing provisions. Electricity providers are motivated to set ambitious emissions targets and achieve their sustainability goals.
• Budget 2025 misses the opportunity to revise the Clean Electricity Regulations. The existing regulations remain too stringent and additional flexibility is needed before provincial equivalency can be expected.

QUOTE

“Electricity is a strategic advantage for Canada as we seek to grow our economy over the next 25 years, Canada must meet double the demand for electricity. The Clean Electricity ITCs will support investment in electricity infrastructure and help keep electricity affordable. It’s important that this becomes a reality. Let’s get building.”

• Francis Bradley, President and CEO, Electricity Canada

For additional Information or to arrange an interview:

Graeme Burk
Director of Communications
613-809-0720
burk@electricity.ca

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