Hydro-Québec

Hydro-Québec is Quebec's state-owned electricity utility, and the provincial government is its sole shareholder. At the end of 2025 it had 37,988 MW of installed capacity, 37,369 MW of it inside Quebec, from 63 hydroelectric generating stations and 28 reservoirs. It says more than 99% of the electricity it generates comes from renewable sources. Quebec law obliges it to supply a Heritage pool of 165 TWh a year at a fixed price, so demand above that pool has to be met from dearer supply.

The utility's proposed data-centre rate, Tarif CD, went before Quebec's energy regulator from 1 to 9 October 2026 under docket R-4333-2026, with further sessions on 7 to 11 and 15 to 18 December. It would apply to sites contracting for 5,000 kW or more. Hydro-Québec asks C$32.70 per kilowatt of billed demand each month and 8.71 cents per kilowatt-hour, adds 17.42 cents a kilowatt-hour above 110% of the agreed ramp-up, and levies C$92.28 a kilowatt on sites whose peak stays under 60% of forecast for 12 months.

Ontario's draft Data Centre Playbook takes a similar line, with full cost recovery and no cash incentives above 1 MW. Malaysia went further in October 2026, billing data centres for all the grid capacity they reserve.