A new report from Canada's energy regulator forecasts a substantial increase in electricity generation from now until 2050, driven partly by the significant power demands of new artificial intelligence data centers.

The federal agency outlined four potential supply and demand scenarios for Canada's oil, gas, and electricity markets: a Current Measures Scenario, a High Scenario, a Low Scenario, and a Net-Zero Scenario.

Under all scenarios, electricity generation is expected to grow considerably—by 30% in the low-end scenario and doubling from current levels in the high-end scenario.

Wind power is projected to constitute the largest share of new generating capacity across all modeled scenarios.

Canadian crude oil production is anticipated to increase in the short term under every scenario, though the timing of the production peak varies.

In the Current Measures Scenario, production is expected to reach approximately 6.1 million barrels per day around 2040, stabilizing at about 5.9 million barrels per day by 2050.