PM Carney unveils electricity plan to double grid, lower costs

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‘Canadians will be cheering this one, however the devil's in the details’: Mulcair

OTTAWA — Prime Minister Mark Carney says the government will give more flexibility to LNG power plants as part of its long-awaited clean electricity strategy.

The strategy, released today, is aimed at doubling electrical capacity by 2050 and lowering energy costs for 70 per cent of Canadian households.

The strategy says construction will cost more than $1 trillion and public dollars will be used to cover some of the cost.

It doesn’t say how much the government is willing to spend, although it mentions offering tax credits and bringing back energy-saving retrofits for up to a million households.

The government forecasts 130,000 new workers will be needed to double the size of grid, pledging 30,000 new jobs by 2028 and 100,000 more by 2050.

The strategy commits to building electricity capacity in the North but doesn’t say how, other than that Ottawa will work with the territories and Indigenous stakeholders to make it happen.

More details to come.

This report by The Canadian Press was first published May 14, 2026.