The Régie de l’énergie 1O years in the public interest 17,714 18,950 22,372 21,751 22,254 24,405 26,741 1998 1999 2000 2001 2002 2003 2004 18,274 1997 17,633 2,165 2,158 2,279 2,898 3,577 4,311 4,977 1999 2000 2001 2002 2003 2004 2005 TOTAL CAPITAL EXPENDITURES $MILLION, CURRENT 2,753 indication of the significance of energy. In 1997, capital spending in the energy sector amounted to $2.26 billion, less than 6% of total investment in Québec. By 2005, the figure had increased to an estimated $4.98 billion, or 8% of total capital expenditures. 1998 Capital expenditures are another TOTAL ENERGY SPENDING $MILLION, CURRENT 1996 According to the latest available figures, energy spending totalled $26.7 billion in Québec in 2004, up more than 45% from $18.3 billion in 1997. This trend demonstrates the importance of energy to Québec’s economy. 2,260 The Régie de l’énergie 1O years in the public interest The Régie de l’énergie works independently and impartially to ensure that consumer needs are satisfied at a fair and reasonable price. 1997 Since 1997, the Régie has been reconciling the public interest, consumer protection and fair treatment of the electric power carrier and of distributors, while promoting sustainable development and equity. SOURCES : MINISTÈRE DES RESSOURCES NATURELLES ET DE LA FAUNE AND RÉGIE DE L’ÉNERGIE The Régie de l’énergie has been regulating electric power transmission and distribution in Québec for 10 years. The Régie de l’énergie has been regulating natural gas distribution in Québec for 10 years. 5,639 5,458 5,631 5,462 5,841 5,559 6,495 6,324 6,319 1998 2006 2005 2004 2003 2002 2001 1999 2000 177,933 180,404 185,545 187,155 199,602 2003 2004 2005 2006 3,958,760 2006 2002 3,894,323 2005 175,258 3,841,237 2004 2001 3,782,442 2003 174,038 3,732,714 2002 SOURCES : AREQ, HYDRO-QUÉBEC AND RÉGIE DE L’ÉNERGIE 2000 3,692,033 2001 170,316 3,662,811 2000 1999 3,638,310 1999 167,842 3,613,044 1998 1998 3,589,372 1997 TOTAL NUMBER OF CONTRACT-HOLDERS 167,056 between 1997 and 2006. During the same period, the number of accounts increased by 19.5% to close to 200,000. TOTAL NUMBER OF CONTRACT-HOLDERS 1997 2006 2005 2004 2003 2002 2001 2000 1999 The total volume of natural gas sales decreased by 12.2% all supplies above and beyond that pool. Between 1997 and 2006, electricity sales increased 13.6% and the number of accounts rose 10.5% to nearly 4 million. VOLUME OF NATURAL GAS SALES MILLION M 3 6,422 167,337 169,177 165,887 167,091 158,572 152,212 152,757 146,989 142,808 147,291 During that period, consumers have seen wide fluctuations in the commodity price of natural gas. The price at Empress (in western Canada) spiralled from $1.70 per gigajoule in June 1997 to a peak of $12.90 in January 2001 and now stands at $6.76. 1998 rates, the creation of the heritage electricity pool of 165 TWh, the introduction of competition for ELECTRICITY SALES IN QUÉBEC GWh 1997 Over those 10 years, there have been far-reaching changes in this area: the establishment of economic regulation of electricity transmission and distribution, the lifting of the freeze on distribution Natural gas 1997 Electricity SOURCE : GAZ MÉTRO, GAZIFÈRE AND RÉGIE DE L’ÉNERGIE 1997 1998 1999 2000 2001 2002 2003 Régie de l’énergie created on June 2, 1997 Opinion on wind power and opinion on rate-setting for electric power released Pricing principles for electricity transmission adopted Incentive-based rate-setting mechanism adopted for Gaz Métro First application filed for creation of Hydro-Québec Distribution comprehensive energy efficiency plan Electricity transmission rates set for the first time First rate application filed by Hydro-Québec Distribution The Régie de l’énergie has been monitoring petroleum product prices and informing consumers for 10 years. The role of the Régie de l’énergie is to safeguard the public interest by balancing consumer protection and the viability of the regulated energy companies in monopoly markets, such as the distribution of natural gas and electricity. Petroleum products 101.6 2006 96.7 2005 85.7 2004 76.6 2003 71.9 2002 73.4 2001 76.4 2000 25,000 2,500 1,500 700 10 responses to enquiries decisions consumer complaints heard days of hearings years serving the public interest PRICE AT THE LOADING RAMP AND WEIGHTED AVERAGE PRICE OF REGULAR GASOLINE 1997-2007 ¢/litre The Bulletin d’information sur les prix des produits pétroliers au Québec, published by the Régie, reports changes in petroleum product prices every week. 1999 1998 More than 20 billion litres of petroleum products were consumed in Québec in 2005, up 28% from 14.7 billion litres in 1997. 62.8 WEIGHTED PRICE OF REGULAR GASOLINE ¢/litre 56.2 Petroleum product prices have varied considerably over that period. The average annual price of regular gasoline leaped 80% between 1998 and 2006, while the price of Brent crude nearly quadrupled. The Régie’s activities since 1997 140 120 100 80 60 @ www.regie-energie.qc.ca 40 To find out more about the Régie de l’énergie, 0 its role, its mandate, its people and its current 97-12 98-06 98-11 99-05 99-10 00-04 00-09 01-03 01-08 02-02 02-07 03-01 03-06 03-12 04-05 04-11 05-04 05-09 06-01 06-09 07-02 20 cases, or for information on the complaint process for consumers of natural gas and electricity or WEIGHTED AVERAGE PRICE WHOLESALE PRICE MONTREAL BRENT SOURCE : RÉGIE DE L’ÉNERGIE 2005 2006 2007 Opinion on Québec’s energy security released Contracts for first 990 MW block of wind power approved Amendments to Act respecting the Régie de l’énergie: electricity transmission network reliability standards and expanded mandate for energy efficiency 10th anniversary of the Régie de l'énergie 1 888 873-2452 (514) 873-5050 (418) 646-0970 on petroleum product prices, please call us or visit our website. 2004 Toll-free : Montréal area : Québec City area: email : secretariat@regie-energie.qc.ca REQ_JUIN-07