Yukon Energy Reveals Bold New Vision and Plans for a Resilient Energy Future
Whitehorse, Yukon – Yukon Energy plans to invest more than $500 million over the next five years to strengthen the territory’s electricity system. This bold investment is outlined in the new Building a Resilient and Renewable Energy Future: Yukon Energy’s Road Map to 2050 and Chapter 1: A Reliable and Robust Grid 2025-2030, a five-year strategic plan. Yukon Energy is taking action to ensure it can continue to meet the growing needs of Yukoners. On a normal winter day during peak demand, Yukon homes and businesses connected to the grid already use about 80% of the power Yukon Energy can generate at any given moment. To maintain a reliable electricity system into the future, Yukon Energy will be focusing on three key pillars over the next five years: An Adequate and Dependable Supply of Electricity: Yukon Energy will upgrade aging infrastructure, advance relicensing for hydro and diesel facilities, build new thermal power centres in the Whitehorse area to provide dependable winter capacity for the near-term, and deliver programs that help reduce peak demand. A Strong Electricity System: Significant investments will be made to expand the capacity of power lines and substations, build new transmission lines, upgrade business systems and invest in a skilled workforce. Building Tomorrow’s Plan and Partnerships: Yukon Energy plans to complete a grid modernization plan, and work in collaboration with Yukon Development Corporation and Yukon First Nations to secure critical investments and construction financing to move projects forward. "The road map and strategic plan represent an exciting and pivotal moment for the Yukon’s energy future" said Chris Milner, CEO and President of Yukon Energy. "By setting a clear path toward 2050, we are taking concrete steps to bolster our critical infrastructure and build out a more resilient energy system that Yukoners can count on in the decades ahead." As a territory, the Yukon faces the task of navigating rapid population growth, the ongoing electrification of industries, homes, and transportation, a changing climate, and a need to strengthen Arctic security. The road map and strategic plan respond to these challenges and align with government commitments to a more renewable energy future. Yukoners can read both documents here. For media inquiries, please contact: communications@yec.yk.ca