While it’s great to hope for lower costs, national energy demands are rising, and infrastructure upgrades are needed to support increasing populations. Temporary dips may happen, but significant, long-term reductions are unlikely without substantial changes in technology or government policy to drive down production costs.
Electricity prices might seem stable in the short term, but underlying factors—like inflation, infrastructure maintenance, and new technology—make it unlikely that they'll remain unchanged for long. Even if prices hold steady for a while, long-term projections suggest gradual increases to the price of electricity due to rising populations and demand.
Electricity prices are expected to rise due to inflation and the costs associated with increasing populations and demand. Infrastructure upgrades, carbon pricing, and geopolitical factors are also likely to contribute to higher costs. Securing energy independence for your family, business, or community could protect against rising energy costs in the future.
GreenKey's energy consulting services integrate cross-sector knowledge to design solutions that are technically robust, economically strategic, and socially responsible. We draw on experience in onshore and offshore projects and leverage specialized expertise across solar, wind, battery storage, mini- and micro-grids, as well as critical infrastructure upgrades and transmission planning. By bridging traditional and emerging energy systems, we provide actionable guidance that enables clients to both meet today’s energy demands and prepare for a resilient and secure energy future.
Our CEO, Luke Killam, is a respected senior energy professional with over 20 years of global experience in operations, strategy, and renewable development. Drawing on his industry expertise and analytical mindset, Luke and his team help homeowners, real estate developers, businesses, communities, and governments save money and create a secure energy future. With a background in business statistics and a global executive MBA from TRIUM (NYU Stern, London School of Economics, and HEC Paris), Luke is committed to helping Canadians own their energy and grow their green.