Quarterly bulletin Second quarter of 2026
Hydro‑Québec announces net income of $2,020 million and $3.4 billion in investments for the first semester of 2026
Hydro‑Québec reported net income of $2,020 million for the first semester of 2026, down $257 million compared to the same period last year.
Financial highlights of the first semester
Record sales in Québec
Increase in electricity consumption due to cold winter temperatures, contributing to a record sales volume of 98.8 TWh
Peak demand period in Québec of more than 38,000 MW over seven consecutive days in January, a historic high (an average of 9°C colder than climate normals)
Sales on markets outside Québec
Average price for the semester: 13¢/kWh
- Decrease in short-term sales given the context of low runoff in addition to high demand on the transmission system in Québec during the harsh winter
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Commissioning of the Appalaches‑Maine interconnection line (NECEC)
- Greater predictability in electricity sales
Short‑term electricity purchases
Average price for the semester: 9¢/kWh
- Increase in purchases in order to meet Québec’s needs during periods of intense cold, and to restore energy reserves