- Questerre Energy (TSX:QEC) is applauding the Québec Ministry of Economy, Innovation and Energy’s recent tabling of its energy reform bill
- Québec’s National Assembly Bill 69 is committed to a maximum rate hike of 3 per cent for the province’s residents for the next three years
- According to the Ministry, the main feature of the proposed legislation is a comprehensive energy resource management plan aimed at advancing energy development in Québec
- Questerre Energy Corp. opened trading at $0.32 per share
Questerre Energy (TSX:QEC) is applauding the Québec Ministry of Economy, Innovation and Energy’s recent tabling of its energy reform bill.
Québec’s National Assembly Bill 69 is known officially as, “an Act to ensure the responsible governance of energy resources and to amend various legislative provisions” and it is committed to a maximum rate hike of 3 per cent for the province’s residents for the next three years.
According to the Ministry, the main feature of the legislation is a comprehensive energy resource management plan aimed at advancing energy development in Québec. This plan will outline policy directions, objectives, and targets for the supply, infrastructure, and innovation in electric power and natural gas markets. The bill was tabled on Thursday.
“Bill 69 proposes broad changes to the regulatory framework to better manage the energy supply and demand imbalance in Québec,” Questerre’s CEO, Michael Binnion, commented in a news release. “Proposals to streamline approval processes are very welcome. It has become clear that premature aggressive electrification is increasing energy costs for Québecers and efforts to rebalance electricity and natural gas markets are needed. Questerre is advancing an application for carbon capture and storage that will mitigate the emissions from natural gas consumption.”
Calgary-based Questerre is an energy technology company that is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources.
Questerre Energy Corp. (TSX:QEC) opened trading at $0.32 per share.
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(Top image: Questerre Energy Corp.)