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Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of revenue from contracts with customers [Abstract]  
Disclosure of disaggregation of revenue
The majority of the Company's revenues are derived from the sale of power, capacity and environmental attributes, leasing of power facilities and from asset optimization activities, which the Company disaggregates into the following groups for the purpose of determining how economic factors affect the recognition of revenue.
Year ended Dec. 31, 2023HydroWind and
Solar
GasEnergy TransitionEnergy
Marketing
CorporateTotal
Revenues from contracts with customers
Power and other
30 190 400 12   632 
Environmental attributes(1)
14 26     40 
Revenue from contracts with customers44 216 400 12   672 
Revenue from leases(2)
  32    32 
Revenue from derivatives and other trading activities(3)
44 (2)(172)251 220  341 
Revenue from merchant sales434 104 1,247 488   2,273 
Other(4)
11 18 7   1 37 
Total revenue533 336 1,514 751 220 1 3,355 
Revenues from contracts with customers
Timing of revenue recognition
At a point in time
14 26  12   52 
Over time
30 190 400    620 
Total revenue from contracts with customers
44 216 400 12   672 
(1)The environmental attributes represent environmental attribute sales not bundled with power and other sales.
(2)Total lease income from long-term contracts that meet the criteria of operating leases.
(3)Represents realized and unrealized gains or losses from hedging and derivative positions. Volatility and pricing in commodity markets can vary significantly from period to period and impact movements in derivative positions.
(4) Other revenue includes production tax credits related to US wind facilities and other miscellaneous revenues.
Year ended Dec. 31, 2022HydroWind and
Solar
GasEnergy TransitionEnergy
Marketing
Corporate Total
Revenues from contracts with customers
Power and other
33 220 462 10 — — 725 
Environmental attributes(1)
50 — — — — 51 
Revenue from contracts with customers34 270 462 10 — — 776 
Revenue from leases(2)
— — 32 — — — 32 
Revenue from derivatives and other trading activities(3)
— (121)(821)243 160 (2)(541)
Revenue from merchant sales564 119 1,529 461 — — 2,673 
Other(4)
21 — — — 36 
Total revenue606 289 1,209 714 160 (2)2,976 
Revenues from contracts with customers
Timing of revenue recognition
At a point in time
50 — 12 — — 63 
Over time
33 220 462 (2)— — 713 
Total revenue from contracts with customers34 270 462 10 — — 776 
(1)The environmental attributes represent environmental attribute sales not bundled with power and other sales.
(2)Total lease income from long-term contracts that meet the criteria of operating leases.
(3)Represents realized and unrealized gains or losses from hedging and derivative positions. Volatility and pricing in commodity markets can vary significantly from period to period and impact movements in derivative positions.
(4)Other revenue includes production tax credits related to US wind facilities and other miscellaneous revenues.
Year ended Dec. 31, 2021HydroWind and
Solar
GasEnergy TransitionEnergy
Marketing
Corporate Total
Revenues from contracts with customers
Power and other
28 207 395 24 — — 654 
Environmental attributes(1)
— 28 — — — — 28 
Revenue from contracts with customers28 235 395 24 — — 682 
Revenue from leases(2)
— — 19 — — — 19 
Revenue from derivatives and other trading activities(3)
— (22)(118)138 211 213 
Revenue from merchant sales345 35 808 546 — — 1,734 
Other(4)
10 57 — — 73 
Total revenue383 305 1,109 709 211 2,721 
Revenues from contracts with customers
Timing of revenue recognition
At a point in time
— 28 23 — — 53 
Over time
28 207 393 — — 629 
Total revenue from contracts with customers28 235 395 24 — — 682 
(1)The environmental attributes represent environmental attribute sales not bundled with power and other sales.
(2)Total lease income from long-term contracts that meet the criteria of operating leases.
(3)Represents realized and unrealized gains or losses from hedging and derivative positions. Volatility and pricing in commodity markets can vary significantly from period to period and impact movements in derivative positions.
(4)Other revenue includes production tax credits related to US wind facilities and other miscellaneous revenues.