Annual Report 2022

In a context marked by a sharp increase in energy prices on export markets and cold winter temperatures in early 2022, Hydro‑Québec’s net income totaled $4,557 million in 2022, compared to $3,564 million a year earlier. This $993‑million increase is mainly due to higher sales revenue, both in and outside Québec. It is the company’s best financial performance in its history.