Secretary Monizs trip will feature a strategic dialogue with senior government officials and energy stakeholders from Canada and the United States on the U.S. Department of Energys DOE Quadrennial Energy Review QER. Launched in January 2014, the QER is an effort to comprehensively assess U.S. energy policy, with a focus on transmission, storage and distribution infrastructure.
As part of the dialogue, CEA will highlight how the dynamic cross-border relationship on electricity can be a platform for addressing many of the pressing challenges to North Americas energy future including the need for massive renewal of electricity infrastructure across the continent, and the imperative to transition to a lower-carbon economy.
The Canadian and U.S. transmission networks are physically interconnected at over 30 points, forming a highly integrated North American grid. Between six and 10 percent of Canadas generation is exported to the U.S. each year. These linkages offer numerous advantages to both countries: higher levels of reliable service efficiencies in system operation and fuel management opportunities to use power from nearby markets to address local contingencies and expanded access to low-carbon, competitively-priced resources.
We are in the midst of a historic transformation of the energy system in North America, especially as it relates to the integrated electric grid, said CEA President and CEO Jim Burpee. Many of the challenges to ensuring safe and reliable electricity supply and delivery for future generations are unprecedented. Annual requirements for new investment in infrastructure are at all-time highs, while customer expectations for a cleaner and more innovative system continue to grow. Fortunately, the long-standing partnership between Canada and the United States on electricity serves as a means to mitigate these challenges and develop solutions collaboratively, rather than in isolation.
CEA explored these themes further in formal comments on the QER filed today with DOE. The submission examined how strengthened bilateral integration can help advance the core goals underlying the QER.