Prime Minister (PM) Mark Carney Thursday declared the National Electricity Strategy aimed at doubling the country's power grid capacity by 2050 as Ottawa responds to rising global instability, growing energy demand and accelerating shift toward cleaner energy.

The new strategy will focus on building a more affordable, competitive and sustainable economy by expanding Canada’s electricity system, which is already about 80 per cent clean and among the lowest-cost in the G7. 

 Officials say electricity demand is expected to double by mid-century as industries, transportation and households become increasingly electrified. 

The government claims the new strategy could save Canadians up to $15 billion in energy costs by 2050 and reduce overall energy expenses for roughly 70 per cent of households. 

The plan is built around four main priorities:

- Expanding electricity generation and infrastructure .

- Connecting provincial and territorial grids through new east-west-north transmission links to improve reliability and reduce costly inefficiencies.

-Training and retaining a workforce capable of supporting the transition, with the government estimating more than 130,000 skilled workers will be needed by 2050.

- Increasing domestic manufacturing capacity .