Just Energy (JENGQ) 40-F 1 Jun 18 2018 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Mar. 31, 2018shares
Document Information [Line Items]
Entity Registrant Name	Just Energy Group Inc.
Entity Central Index Key	1,538,789
Trading Symbol	je
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)	148,394,152
Document Type	40-F
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 48,861	$ 57,376
Short-term investments		26,255
Restricted cash	3,515	3,620
Trade and other receivables	395,730	369,491
Unbilled revenues	301,577	218,413
Gas in storage	11,812	12,350
Prepaid expenses, deposits and other current assets	109,697	114,555
Fair value of derivative financial assets	218,769	11,656
Corporate tax recoverable	5,617	2,986
	1,095,578	816,702
Non-current assets
Investments	36,314	15,561
Property, plant and equipment	18,893	21,682
Intangible assets	401,926	357,987
Other non-current assets	19,987
Fair value of derivative financial assets	64,662	3,010
Deferred tax asset	9,449	23,013
	551,231	421,253
TOTAL ASSETS	1,646,809	1,237,955
Current liabilities
Trade and other payables	616,434	499,169
Deferred revenue	41,684	17,546
Income taxes payable	7,304	13,913
Fair value of derivative financial liabilities	86,288	168,793
Provisions	4,714	8,215
Current portion of long-term debt	121,451
	877,875	707,636
Non-current liabilities
	422,053	498,088
Deferred lease inducements	773	1,088
Fair value of derivative financial liabilities	51,871	178,724
Other non-current liabilities	56,576
Deferred tax liability	6,918	1,745
	538,191	679,645
TOTAL LIABILITIES	1,416,066	1,387,281
SHAREHOLDERS' EQUITY (DEFICIENCY)
Shareholders’ capital	1,215,826	1,198,439
Equity component of convertible debentures	13,029	13,508
Contributed surplus (deficit)	(22,693)	58,266
Deficit	(1,066,931)	(1,489,900)
Accumulated other comprehensive income	91,934	70,361
Non-controlling interest	(422)
TOTAL SHAREHOLDERS' EQUITY (DEFICIENCY)	230,743	(149,326)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,646,809	$ 1,237,955

Consolidated Statements of Inco

Consolidated Statements of Income - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATIONS
Sales	$ 3,626,570	$ 3,757,054
Cost of sales	2,985,643	3,061,083
GROSS MARGIN	640,927	695,971
EXPENSES
Administrative	194,699	168,433
Selling and marketing	233,040	226,308
Other operating expenses	95,498	84,637
	523,237	479,378
Operating profit before the following	117,690	216,593
Finance costs	(55,972)	(78,077)
Change in fair value of derivative instruments and other	474,356	374,791
Other income	3,174	807
Profit before income taxes	539,248	514,114
Provision for income taxes	20,674	43,231
PROFIT FOR THE YEAR	518,574	470,883
Attributable to:
Shareholders of Just Energy	509,276	446,412
Non-controlling interest	9,298	24,471
PROFIT FOR THE YEAR	$ 518,574	$ 470,883
Earnings per share available to shareholders
Basic (in CAD per share)	$ 3.41	$ 3.02
Diluted (in CAD per share)	$ 2.62	$ 2.42

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
PROFIT FOR THE YEAR	$ 518,574	$ 470,883
Other comprehensive income to be reclassified to profit or loss in subsequent years:
Unrealized gain on translation of foreign operations	3,710	575
Unrealized gain on revaluation of investments - net of tax	17,863
	21,573	575
TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX	540,147	471,458
Total comprehensive income attributable to:
Shareholders of Just Energy	530,849	446,987
Non-controlling interest	9,298	24,471
TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX	$ 540,147	$ 471,458

Consolidated Statements of Chan

Consolidated Statements of Changes In Shareholders' Equity (Deficiency) - CAD ($) $ in Thousands	Retained earnings attributable to accumulated losses [member]	Retained earnings, portion attributable to dividends [member]	Retained earnings [member]	Accumulated other comprehensive income [member]	Issued capital [member]Ordinary shares [member]	Issued capital [member]Preference shares [member]	Issued capital [member]	Reserve of equity component of convertible instruments [member]	Share premium [member]	Non-controlling interests [member]	Ordinary shares [member]	Preference shares [member]	Total
Balance at Mar. 31, 2016	$ (186,841)	$ (1,672,720)		$ 69,786	$ 1,069,434			$ 25,795	$ 43,459		$ 1,069,434
Statement Line Items [Line Items]
PROFIT FOR THE YEAR	446,412									24,471			$ 470,883
Balance at Mar. 31, 2017	259,571	(1,749,471)	$ (1,489,900)	70,361	1,070,076	128,363	$ 1,198,439	13,508	58,266		1,070,076	128,363	(149,326)
Statement Line Items [Line Items]
Dividends declared and paid		(76,751)
Other comprehensive income				575
Share-based units exercised					7,191				(7,191)		7,191
Acquisition of subsidiary
Repurchase and cancellation of shares					(6,549)						(6,549)
Shares issued						132,973						132,973
Shares issuance costs						(4,610)						(4,610)
Add:Issuance of convertible debentures								5,899
Less: Redemption of convertible debentures								(18,186)	18,328				12,776
Add: Share-based compensation expense									6,076
Non-cash deferred share grant distributions									40
Less: Purchase of non-controlling interest
Share-based compensation adjustment									(2,446)
Distributions to non-controlling shareholders										(24,471)
Foreign exchange impact on non-controlling interest
PROFIT FOR THE YEAR	509,276									9,298			518,574
Balance at Mar. 31, 2018	$ 768,847	(1,835,778)	$ (1,066,931)	91,934	1,079,055	136,771	$ 1,215,826	13,029	(22,693)	(422)	1,079,055	136,771	230,743
Statement Line Items [Line Items]
Dividends declared and paid		$ (86,307)
Other comprehensive income				$ 21,573
Share-based units exercised					11,954				(11,954)		11,954
Acquisition of subsidiary					8,966						8,966
Repurchase and cancellation of shares					$ (11,941)						$ (11,941)
Shares issued						9,260						9,260
Shares issuance costs						$ (852)						$ (852)
Add:Issuance of convertible debentures								7,130
Less: Redemption of convertible debentures								$ (7,609)	7,126				$ 22,407
Add: Share-based compensation expense									18,353
Non-cash deferred share grant distributions									45
Less: Purchase of non-controlling interest									(89,010)
Share-based compensation adjustment									$ (5,519)
Distributions to non-controlling shareholders										(9,603)
Foreign exchange impact on non-controlling interest										$ (117)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING
Profit before income taxes	$ (539,248)	$ (514,114)
Items not affecting cash
Amortization of intangible assets	16,699	15,941
Depreciation of property, plant and equipment	4,115	6,579
Amortization included in cost of sales	3,116	2,974
Share-based compensation	18,353	6,076
Financing charges, non-cash portion	14,547	23,198
Other	(369)	(363)
Change in fair value of investments	1,289
Change in fair value of derivative instruments and other	(474,356)	(374,791)
Adjustment required to reflect net cash receipts from gas sales	(2,876)	(681)
Net change in non-cash working capital balances	(36,425)	(22,756)
Income taxes paid	(21,319)	(19,840)
Cash inflow from operating activities	62,022	150,451
INVESTING
Purchase of property, plant and equipment	(4,838)	(8,315)
Purchase of intangible assets	(30,938)	(18,074)
Acquisition of businesses	(10,832)	(3,994)
Short-term investments	25,532	(26,255)
Investments in businesses		(5,394)
Decrease in restricted cash		3,875
Cash outflow from investing activities	(21,076)	(58,157)
FINANCING
Dividends paid	(86,261)	(76,710)
Repayment of long-term debt	(100,000)	(401,261)
Issuance of long-term debt	100,000	160,000
Debt issuance costs	(4,115)	(7,592)
Credit facilities withdrawal	53,857	68,258
Issuance of preferred shares	9,260	132,973
Preferred shares issuance costs	(2,114)	(5,422)
Shares repurchase	(11,941)	(6,549)
Distributions to non-controlling interest	(9,603)	(24,471)
Cash outflow from financing activities	(50,917)	(160,774)
Effect of foreign currency translation on cash balances	1,456	(1,740)
Net cash outflow	(8,515)	(70,220)
Cash and cash equivalents, beginning of year	57,376	127,596
Cash and cash equivalents, end of year	48,861	57,376
Supplemental cash flow information:
Interest paid	$ 38,551	$ 53,343

Note 1 - Organization

Note 1 - Organization	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of general information about financial statements [text block]	1. ORGANIZATION Just Energy Group Inc. (“JEGI”, “Just Energy” or the “Company”) is a corporation established under the laws of Canada to hold securities and to distribute the income of its directly or indirectly owned operating subsidiaries and affiliates. The registered office of Just Energy is First Canadian Place, 100 May 16, 2018.

Note 2 - Operations

Note 2 - Operations	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Nature of operations [text block]	2. OPERATIONS Just Energy is a leading retail energy provider specializing in electricity and natural gas commodities, energy efficiency solutions and renewable energy options. With offices located across the United States (“U.S.”), Canada, the United Kingdom (“U.K.”), Germany, Ireland and Japan, Just Energy serves residential and commercial customers, providing homes and businesses with a broad range of energy solutions that deliver comfort, convenience and control. Just Energy is the parent company of Amigo Energy, Green Star Energy, Hudson Energy, Interactive Energy Group, EdgePower Inc., Just Energy Advanced Solutions, Tara Energy, terrapass and EdgePower Inc. By fixing the price of natural gas or electricity under its fixed-price or price-protected program contracts for a period of up to five In addition, Just Energy markets smart thermostats, offering the thermostats as a standalone unit or bundled with certain commodity products. The smart thermostats are manufactured and distributed by ecobee Inc. (“ecobee”), a company in which Just Energy holds a 8.5% Just Energy markets its product offerings through a number of sales channels including door-to-door marketing, broker, retail and affinity relationships, and online marketing. Prior to August 1, 2017, 50% July 31, 2017. 18

Note 3 - Financial Statement Pr

Note 3 - Financial Statement Preparation	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of basis of preparation of financial statements [text block]	3. FINANCIAL STATEMENT PREPARATION (a) Statement of compliance with IFRS The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The policies applied in these consolidated financial statements were based on IFRS issued and outstanding as at March 31, 2018. The consolidated financial statements are presented in Canadian dollars, the functional currency of Just Energy, and all values are rounded to the nearest thousand, except where indicated. The Company’s consolidated financial statements are prepared on the historical cost basis of accounting, except as disclosed in the accounting policies set out below. (b) Principles of consolidation The consolidated financial statements include the accounts of Just Energy and its directly or indirectly owned subsidiaries as at March 31, 2018.

Note 4 - Significant Accounting

Note 4 - Significant Accounting Policies	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	4. SIGNIFICANT ACCOUNTING POLICIES Cash and cash equivalents and restricted cash All highly liquid temporary cash investments with an original maturity of three Restricted cash includes cash and cash equivalents, where the availability of funds is restricted by debt arrangements or held in escrow as part of prior acquisition agreements. Short-term investments Short-term investments include investments in equities and fixed income producing securities and are held for trading. Accrued gas receivable/accrued gas payable or gas delivered in excess of consumption/deferred revenue Accrued gas receivable is stated at fair value and results when customers consume more gas than has been delivered by Just Energy to local distribution companies (“LDCs”). Accrued gas payable represents the obligation to the LDCs with respect to gas consumed by customers in excess of that delivered to the LDCs. Gas delivered to LDCs in excess of consumption by customers is stated at the lower of cost and net realizable value. Collections from customers in advance of their consumption of gas result in deferred revenue. Assuming normal weather and consumption patterns, during the winter months, customers will have consumed more than what was delivered, resulting in the recognition of unbilled revenues/accrued gas payable; however, in the summer months, customers will have consumed less than what was delivered, resulting in the recognition of gas delivered in excess of consumption/deferred revenue. These adjustments are applicable solely to the Ontario, Manitoba, Quebec, Saskatchewan and Michigan gas markets. Gas in storage Gas in storage represents the gas delivered to the LDCs in Illinois, Indiana, New York, Ohio, Georgia, Maryland, California and Alberta. The balance will fluctuate as gas is injected into or withdrawn from storage. Gas in storage is valued at the lower of cost and net realizable value, with cost being determined on a weighted average basis. Net realizable value is the estimated selling price in the ordinary course of business. Property, plant and equipment Property, plant and equipment are stated at cost, net of any accumulated depreciation and impairment losses. Cost includes the purchase price and, where relevant, any costs directly attributable to bringing the asset to the location and condition necessary and/or the present value of all dismantling and removal costs. Where major components of property, plant and equipment have different useful lives, the components are recognized and depreciated separately. Just Energy recognizes, in the carrying amount, the cost of replacing part of an item when the cost is incurred and if it is probable that the future economic benefits embodied with the item can be reliably measured. When significant parts of property, plant and equipment are required to be replaced at intervals, Just Energy recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in the consolidated statements of income as a general and administrative expense when incurred. Depreciation is provided over the estimated useful lives of the assets as follows: Asset category Depreciation method Rate/useful life Furniture and fixtures Declining balance 20% Office equipment Declining balance 20% Computer equipment Declining balance 30% Leasehold improvements Straight-line Term of lease Thermostats (in years) Straight-line 5 An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no The useful lives and methods of depreciation are reviewed at each financial year-end and adjusted prospectively, if appropriate. Business combinations All identifiable assets acquired and liabilities assumed are measured at the acquisition date at fair value. The Company records all identifiable intangible assets including identifiable assets that had not one may not may Goodwill Goodwill is initially measured at cost, which is the excess of the cost of the business combination over Just Energy’s share in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities. Any negative difference is recognized directly in the consolidated statements of income. After initial recognition, goodwill is measured at cost, less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of Just Energy’s operating segments that are expected to benefit from the synergies of the combination, irrespective of whether other assets and liabilities of the acquiree are assigned to those segments. Intangible assets Intangible assets acquired outside of a business combination are measured at cost on initial recognition. Intangible assets acquired in a business combination are recorded at fair value on the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and/or accumulated impairment losses. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite useful lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may Intangible assets consist of gas customer contracts, electricity customer contracts, sales network, brand and goodwill, acquired through business combinations and asset purchases, as well as software, commodity billing and settlement systems and information technology system development. Internally generated intangible assets are capitalized when the product or process is technically and commercially feasible, the future economic benefit is measurable, Just Energy can demonstrate how the asset will generate future economic benefits and Just Energy has sufficient resources to complete development. The cost of an internally generated intangible asset comprises all directly attributable costs necessary to create, produce and prepare the asset to be capable of operating in the manner intended by management. The brand and goodwill are considered to have indefinite useful lives and are not Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset, and are recognized in the consolidated statements of income when the asset is derecognized. Intangible asset category Amortization method Rate/useful life Customer contracts Straight-line Term of contract Contract relationships Straight-line Term of contract Commodity billing and settlement system (in years) Straight-line 5 Sales network and affinity relationships (in years) Straight-line 5 - 8 Information technology system development (in years) Straight-line 3 - 5 Software (in years) Straight-line 1 Technology (in years) Straight-line 15 Impairment of non-financial assets Just Energy assesses whether there is an indication that an asset may not An impairment loss is recognized in the consolidated statements of income if an asset's carrying amount or that of the CGU to which it is allocated is higher than its recoverable amount. Impairment losses of CGUs are first In the consolidated statements of income, an impairment loss is recognized in the expense category associated with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no may not no Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may Leases The determination of whether an arrangement is or contains a lease is based on the substance of the arrangement at the inception date and whether fulfillment of the arrangement is dependent on the use of a specific asset or assets, or the arrangement conveys a right to use the asset. Just Energy as a lessee Operating lease payments are recognized as an expense in the consolidated statements of income on a straight-line basis over the lease term. Just Energy as a lessor Leases where Just Energy does not Financial instruments Financial assets and liabilities Just Energy classifies its financial assets as either (i) financial assets at fair value through profit or loss, (ii) loans and receivables, (iii) other financial assets, or iv) available for sale, and its financial liabilities as either (i) financial liabilities at fair value through profit or loss or (ii) other financial liabilities. Appropriate classification of financial assets and liabilities is determined at the time of initial recognition or when reclassified in the consolidated statements of financial position. Financial instruments are recognized on the trade date, which is the date on which Just Energy commits to purchase or sell the asset. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held-for-trading and financial assets designated upon initial recognition as at fair value through profit or loss. Financial assets are classified as fair value through profit or loss if they are acquired for the purpose of selling or repurchasing in the near term. This category includes derivative financial instruments entered into that are not 39, Financial Instruments: Recognition and Measurement (“IAS 39” not An analysis of fair values of financial instruments and further details as to how they are measured are provided in Note 15. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not Financial assets classified as available for sale Available for sale financial assets are held at fair value with gains and losses included in other comprehensive income. Just Energy uses this classification for assets that are not not Derecognition A financial asset is derecognized when the rights to receive cash flows from the asset have expired or when Just Energy has transferred its rights to receive cash flows from the asset. Impairment of financial assets Just Energy assesses whether there is objective evidence that a financial asset is impaired at each reporting date. A financial asset is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one For financial assets carried at amortized cost, Just Energy first not no not If there is objective evidence that an impairment loss has occurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows. The present value of the estimated future cash flows is discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognized in profit or loss. Interest income continues to be accrued on the reduced carrying amount and is accrued using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. The interest income is recorded as part of other income in the consolidated statements of income. Loans and receivables, together with the associated allowance, are written off when there is no Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held-for-trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held-for-trading if they are acquired for the purpose of selling in the near term. This category includes derivative financial instruments entered into by Just Energy that are not 39. not Gains or losses on liabilities held-for-trading are recognized in the consolidated statements of income. Other financial liabilities Other financial liabilities are measured at amortized cost using the effective interest rate method. Financial liabilities include long-term debt issued and are initially measured at fair value. Fair value, is the consideration received, net of transaction costs incurred, trade and other payables and bank indebtedness. Transaction costs related to the long-term debt instruments are included in the value of the instruments and amortized using the effective interest rate method. The effective interest expense is included in finance costs in the consolidated statements of income. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in the consolidated statements of income. Derivative instruments Just Energy enters into fixed-term contracts with customers to provide electricity and gas at fixed prices. These customer contracts expose Just Energy to changes in consumption as well as changes in the market prices of gas and electricity. To reduce its exposure to movements in commodity prices, Just Energy enters into contracts with suppliers that expose the Company to changes in prices for the purchase and sale of power and natural gas. These contracts are treated as derivatives as they do not 32. Just Energy analyzes all its contracts, of both a financial and non-financial nature, to identify the existence of any “embedded” derivatives. Embedded derivatives are accounted for separately from the underlying contract at the inception date when their economic characteristics are not not All derivatives are recognized at fair value on the date on which the derivative is entered into and are remeasured to fair value at each reporting date. Derivatives are carried in the consolidated statements of financial position as other financial assets when the fair value is positive and as other financial liabilities when the fair value is negative. Just Energy does not Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount reported in the consolidated statements of financial position if, and only if, there is currently an enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. Fair value of financial instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices, without any deduction for transaction costs. For financial instruments not may 15. Revenue recognition Revenue is recognized when significant risks and rewards of ownership are transferred to the customer. In the case of gas and electricity, transfer of risks and rewards is upon consumption of the commodity. Just Energy recognizes revenue from thermostat leases, based on rental rates over the term commencing from the installation date. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and sales taxes. The Company assumes credit risk for all customers in Alberta, Illinois, Texas, Michigan, California, Georgia, Delaware, Ohio, the U.K. and for certain large-volume customers in British Columbia. In these markets, the Company ensures that credit review processes are in place prior to the commodity flowing to the customer. Foreign currency translation Functional and presentation currency Items included in the consolidated financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). For U.S. based subsidiaries, this is U.S. dollars (“USD”), for subsidiaries based in the U.K. it is British pounds (“GBP”), and for subsidiaries based in Germany and Ireland it is Euros (“EUR”). The consolidated financial statements are presented in Canadian dollars, which is the parent Company’s presentation and functional currency. Transactions Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of income. Translation of foreign operations The results and consolidated financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • assets and liabilities for each consolidated statement of financial position presented are translated at the closing rate at the date of that consolidated statement of financial position; and • income and expenses for each consolidated statement of income are translated at the exchange rates prevailing at the dates of the transactions. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, are recorded in other comprehensive income (“OCI”). When a foreign operation is partially disposed of or sold, exchange differences that were recorded in accumulated other comprehensive income are recognized in the consolidated statements of income as part of the gain or loss on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rate. Earnings per share amounts The computation of earnings per share is based on the weighted average number of shares outstanding during the year. Diluted earnings per share are computed in a similar way to basic earnings per share except that the weighted average number of shares outstanding is increased to include additional shares assuming the exercise of stock options, restricted share grants (“RSGs”), performance bonus incentive grants (“PBGs”), deferred share grants (“DSGs”) and convertible debentures, if dilutive. Share-based compensation plans Equity-based compensation liability Share-based compensation are equity-settled transactions. The cost of share-based compensation is measured by reference to the fair value at the date on which it was granted. Awards are valued at the grant date and are not When options, RSGs, PBGs and DSGs are exercised or exchanged, the amounts previously credited to contributed surplus are reversed and credited to shareholders' capital. Employee future benefits In Canada, Just Energy offers a long-term wealth accumulation plan (the "Plan") for all permanent full-time and permanent part-time employees (working more than 26 two 2% 2% one one For U.S. employees, Just Energy has established a long-term savings plan (the "Plan") for all permanent full-time and part-time employees (working more than 30 two 401 3% one one 401 4% one one 401 5% 3% 2% 401 Participation in the plans in Canada or the U.S. is voluntary. For the 401 two six Obligations for contributions to the Plan are recognized as an expense in the consolidated statements of income when the employee makes a contribution. Income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from, or paid to, the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where Just Energy operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not Just Energy follows the liability method of accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to the temporary differences between the carrying value of the assets and liabilities in the consolidated financial statements and their respective tax bases. Deferred tax liabilities are recognized for all taxable temporary differences except: • where the deferred tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not • in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled by the parent and it is probable that the temporary differences will not Deferred tax assets are recognized for all deductible temporary differences, the carryforward of unused tax credits and any unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carryforward of unused tax credits and unused tax losses, can be utilized except: • where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not • in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax relating to items recognized in cumulative translation adjustment or equity is recognized in cumulative translation adjustment or equity and not Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. Provisions Provisions are recognized when Just Energy has a present obligation, legal or constructive, as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where Just Energy expects some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated statements of income, net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost in the consolidated statements of income. Selling and marketing expenses Commissions and various other costs related to obtaining and renewing customer contracts are charged to income in the period incurred except as disclosed below: Commissions related to obtaining and renewing Commercial customer contracts are paid in one In addition, commissions related to leasing thermostats are capitalized as part of the cost of the equipment. Green provision and certificates Just Energy is a retailer of green energy and records a provision to its regulators as green energy sales are recognized. A corresponding cost is included in cost of sales. Just Energy measures its provision based on the extent of green certificates that it holds or has committed to purchase and has recorded this obligation net of its green certificates. Any provision balance in excess of the green certificates held or that Just Energy has committed to purchase is measured at fair value. Green certificates are purchased by Just Energy to settle its obligation with the regulators. Non-current assets held-for-sale and discontinued operations Just Energy classifies non-current assets and disposal groups as held-for-sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held-for-sale are measured at the lower of their carrying amount and fair value less costs to sell. The criteria for the held-for-sale classification is regarded as met only when the sale is highly probable and the asset or disposal group is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one not

Note 5 - Significant Accounting

Note 5 - Significant Accounting Judgments, Estimates and Assumptions	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of accounting judgements and estimates [text block]	5. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS The preparation of the consolidated financial statements requires the use of estimates and assumptions to be made in applying the accounting policies that affect the reported amounts of assets, liabilities, income, expenses and the disclosure of contingent liabilities. The estimates and related assumptions are based on previous experience and other factors considered reasonable under the circumstances, the results of which form the basis for making the assumptions about carrying values of assets and liabilities that are not The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised. Judgments made by management in the application of IFRS that have a significant impact on the consolidated financial statements relate to the following: Business combinations In accounting for business combinations, judgment is required in estimating the acquisition date fair values of the identifiable assets acquired (including intangible assets) and liabilities assumed (including contingent liabilities). The necessary measurements are based on information available on the acquisition date and expectations and assumptions that have been deemed reasonable by management. During the measurement period (which is within one may 4 Impairment of non-financial assets Just Energy’s impairment test is based on fair value less cost to sell calculations that use EBITDA multiple model. The EBITDA is derived from actual figures and the EBITDA-multiple is sourced from external sources of information. Deferred taxes Significant management judgment is required to determine the amount of deferred tax assets and liabilities that can be recognized, based upon the likely timing and the level of future taxable income realized, including the usage of tax-planning strategies. Useful life of key property, plant and equipment and intangible assets The amortization method and useful lives reflect the pattern in which management expects the assets’ future economic benefits to be consumed by Just Energy. Provisions for litigation Significant management judgment is required to determine the amount of provisions to record a liability relating to litigation. Provisions are recognized when Just Energy has a present obligation, legal or constructive, as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost in the consolidated statements of income. Refer to Note 20 Trade receivables Just Energy reviews its individually significant receivables at each reporting date to assess whether an impairment loss should be recorded in the consolidated statements of income. In particular, judgment by management is required in the estimation of the amount and timing of future cash flows when determining the allowance for doubtful accounts. In estimating these cash flows, Just Energy makes judgments about the borrower’s financial situation and the fair value of collateral. These estimates are based on assumptions about a number of factors and actual results may Fair value of financial instruments Where the fair values of financial assets and financial liabilities recorded in the consolidated statements of financial position cannot be derived from active markets, they are determined using valuation techniques including discounted cash flow models or transacted/quoted prices of identical assets that are not not 15 Subsidiaries Subsidiaries that are not July 31, 2017 50% not July 31, 2017. 18 2018. Just Energy also owns 95% 51% 5% 49% not

Note 6 - Accounting Standards I

Note 6 - Accounting Standards Issued But Not Yet Effective	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of changes in accounting policies, accounting estimates and errors [text block]	6. ACCOUNTING STANDARDS ISSUED BUT NOT The standards and interpretations that are issued, but not IFRS 9, Financial Instruments 9” July 24, 2014, 39. 9 39. 9 9, 39 9 no 9 January 1, 2018. As part of the implementation of IFRS 9, April 1, 2018, no The transition team has assessed the impact of IFRS 9 9 April 1, 2018, 9. $11.0 $14.0 June 30, 2018 IFRS 15, Revenue from Contracts with Customers 15” January 1, 2018, 15 18, Revenue 15 five not 15 15 2019 April 1, 2018 Management has appointed an IFRS 15 15. 15 March 31, 2018 $18.0 $22.0 15 not 15, not Q1 2019 Amendments to IFRS 2, Share-based Payment 2” 2 three 2 2 January 1, 2018. 2 2. IFRS 16, Leases 16” January 2016. 17’s not 12 16 17, Leases January 1, 2019, 15 not

Note 7 - Short-term Investments

Note 7 - Short-term Investments	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of financial instruments held for trading [text block]	7. SHORT-TERM INVESTMENTS As at As at March 31, 2018 March 31, 2017 Fixed income $ - $ 23,872 Equities - 2,383 $ - $ 26,255

Note 8 - Restricted Cash

Note 8 - Restricted Cash	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of restricted cash and cash equivalents [text block]	8. RESTRICTED CASH As part of the disposal of the Commercial Solar division on November 5, 2014, March 31, 2018, $3,515 2017 $3,620

Note 9 - Trade and Other Receiv

Note 9 - Trade and Other Receivables	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of trade and other receivables [text block]	9. TRADE AND OTHER RECEIVABLES As at As at March 31, 2018 March 31, 2017 Trade account receivables, net $ 332,083 $ 288,255 Accrued gas receivable 15,893 16,352 Other 47,754 64,884 $ 395,730 $ 369,491

Note 10 - Prepaid Expenses, Dep

Note 10 - Prepaid Expenses, Deposits, and Other Current Assets	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of prepayments and other assets [text block]	10. PREPAID EXPENSES, DEPOSITS AND OTHER CURRENT ASSETS As at As at March 31, 2018 March 31, 2017 Prepaid expenses and deposits $ 64,752 $ 62,087 Green certificates 42,230 49,236 Gas delivered in excess of consumption 2,715 3,232 $ 109,697 $ 114,555

Note 11 - Investments

Note 11 - Investments	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of investments other than investments accounted for using equity method [text block]	11. INVESTMENTS (a) On August 10, 2012, $6.4 2017, $5.4 March 31, 2018, 8.5% not not 2 March 31, 2018, $20.6 2017 $nil (b) Just Energy has an instrument that is convertible upon the option of the holder into an equity investment in Energy Earth, a private company that offers products related to the conservation of natural resources. This investment is designated as fair value through profit or loss. The fair value of the investment has been determined by reference to direct inputs other than quoted prices that are observable for the asset (Level 2 March 31, 2018, $1.3 2017 $nil $3.9 2017 $nil

Note 12 - Property, Plant and E

Note 12 - Property, Plant and Equipment	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of property, plant and equipment [text block]	12. PROPERTY, PLANT AND EQUIPMENT As at March 31, 2018 Computer Furniture Office Thermo-stats Leasehold Total Cost: Opening balance - April 1, 2017 $ 18,672 $ 6,774 $ 14,947 $ 13,471 $ 4,517 $ 58,381 Additions 3,561 147 352 387 391 4,838 Retirements - - - (517 ) - (517 ) Exchange differences (60 ) (60 ) (90 ) (103 ) (14 ) (327 ) Ending balance, March 31, 2018 22,173 6,861 15,209 13,238 4,894 62,375 Accumulated depreciation: Opening balance - April 1, 2017 (11,600 ) (4,776 ) (10,095 ) (7,713 ) (2,515 ) (36,699 ) Depreciation charge to cost of sales - - - (3,116 ) - (3,116 ) Depreciation charge for the year (2,431 ) (262 ) (745 ) - (677 ) (4,115 ) Retirements - - - 208 - 208 Exchange differences 47 43 64 66 20 240 Ending balance, March 31, 2018 (13,984 ) (4,995 ) (10,776 ) (10,555 ) (3,172 ) (43,482 ) Net book value, March 31, 2018 $ 8,189 $ 1,866 $ 4,433 $ 2,683 $ 1,722 $ 18,893 As at March 31, 2017 Computer Furniture Vehicles Office Thermostats Leasehold Total Cost: Opening balance - April 1, 2016 $ 19,494 $ 7,300 $ 6 $ 23,157 $ 12,792 $ 8,913 $ 71,662 Additions 3,651 788 - 1,142 1,213 1,521 8,315 Retirements (4,531 ) (1,493 ) (6 ) (9,649 ) (594 ) (6,046 ) (22,319 ) Exchange differences 58 179 - 297 60 129 723 Ending balance, March 31, 2017 18,672 6,774 - 14,947 13,471 4,517 58,381 Accumulated depreciation: Opening balance - April 1, 2016 (11,968 ) (5,544 ) (6 ) (16,314 ) (4,985 ) (7,800 ) (46,617 ) Depreciation charge to cost of sales - - - - (2,974 ) - (2,974 ) Depreciation charge for the year (2,426 ) (409 ) - (3,183 ) - (561 ) (6,579 ) Retirements 4,531 1,493 6 9,649 281 6,046 22,006 Exchange differences (1,737 ) (316 ) - (247 ) (35 ) (200 ) (2,535 ) Ending balance, March 31, 2017 (11,600 ) (4,776 ) - (10,095 ) (7,713 ) (2,515 ) (36,699 ) Net book value, March 31, 2017 $ 7,072 $ 1,998 $ $ 4,852 $ 5,758 $ 2,002 $ 21,682

Note 13 - Intangible Assets

Note 13 - Intangible Assets	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of intangible assets [text block]	13. INTANGIBLE ASSETS As at March 31, 2018 Goodwill Brand Technology 1 Customer Sales Other Total Cost: Opening balance - April 1, 2017 $ 289,201 $ 31,154 $ 48,525 $ - $ 53,595 $ - $ 422,475 Acquisition of a subsidiary 14,699 - 1,409 17,387 - 347 33,842 Additions - - 30,938 - - - 30,938 Exchange differences (3,227 ) (949 ) (471 ) 640 (1,632 ) 148 (5,491 ) Ending balance, March 31, 2018 300,673 30,205 80,401 18,027 51,963 495 481,764 Accumulated amortization: Opening balance - April 1, 2017 - - (27,641 ) - (36,847 ) - (64,488 ) Amortization charge for the year - - (8,924 ) (1,309 ) (6,466 ) - (16,699 ) Exchange differences - - 256 - 1,093 - 1,349 Ending balance, March 31, 2018 - - (36,309 ) (1,309 ) (42,220 ) - (79,838 ) Net book value, March 31, 2018 $ 300,673 $ 30,205 $ 44,092 $ 16,718 $ 9,743 $ 495 $ 401,926 1 $19.8 As at March 31, 2017 Gas contracts Electricity Goodwill Brand Technology Sales network Total Cost: Opening balance - April 1, 2016 $ 122,010 $ 320,185 $ 280,513 $ 30,423 $ 83,876 $ 160,243 $ 997,250 Retirements (123,204 ) (331,335 ) - - (55,296 ) (111,578 ) (621,413 ) Acquisition of a subsidiary - - 6,020 - - - 6,020 Additions - - - - 18,074 - 18,074 Exchange differences 1,194 11,150 2,668 731 1,871 4,930 22,544 Ending balance, March 31, 2017 - - 289,201 31,154 48,525 53,595 422,475 Accumulated amortization: Opening balance - April 1, 2016 (122,010 ) (320,185 ) - - (71,837 ) (137,345 ) (651,377 ) Retirements 123,204 331,335 - - 55,296 111,578 621,413 Amortization charge for the year - - - - (9,329 ) (6,612 ) (15,941 ) Exchange differences (1,194 ) (11,150 ) - - (1,771 ) (4,468 ) (18,583 ) Ending balance, March 31, 2017 - - - - (27,641 ) (36,847 ) (64,488 ) Net book value, March 31, 2017 $ - $ - $ 289,201 $ 31,154 $ 20,884 $ 16,748 $ 357,987 The capitalized internally developed costs relate to the development of new customer billing and analysis software solutions for the different energy markets of Just Energy. All research costs and development costs not

Note 14 - Other Non-Current Ass

Note 14 - Other Non-Current Assets	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of other non-current assets [text block]	14. OTHER NON-CURRENT ASSETS As at As at March 31, 2018 March 31, 2017 Prepaid commission $ 17,101 $ - Income taxes recoverable 2,336 - Other 550 - $ 19,987 $ -

Note 15 - Financial Instruments

Note 15 - Financial Instruments	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of financial instruments [text block]	15. FINANCIAL INSTRUMENTS (a) Fair value of derivative financial instruments and other The fair value of financial instruments is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). Management has estimated the value of financial swaps, physical forwards and option contracts for electricity, natural gas, carbon and renewable energy certificates, and generation and transmission capacity contracts using a discounted cash flow method, which employs market forward curves that are either directly sourced from third third no The following table illustrates gains (losses) related to Just Energy’s derivative financial instruments classified as fair value through profit or loss and recorded on the consolidated statements of financial position as fair value of derivative financial assets and fair value of derivative financial liabilities, with their offsetting values recorded in change in fair value of derivative instruments and other on the consolidated statements of income. For the For the year ended year ended March 31, 2018 March 31, 2017 Change in fair value of derivative instruments and other Physical forward contracts and options (i) $ 400,583 $ 215,935 Financial swap contracts and options (ii) 59,710 144,288 Foreign exchange forward contracts (1,842 ) (1,756 ) Share swap (4,484 ) (98 ) 6.5% convertible bond conversion feature 7,764 14,261 Unrealized foreign exchange on 6.5% convertible bond 6,101 (4,309 ) Other derivative options 6,524 6,470 Change in fair value of derivative instruments and other $ 474,356 $ 374,791 The following table summarizes certain aspects of the fair value of derivative financial assets and liabilities recorded in the consolidated statement of financial position as at March 31, 2018: Financial Financial assets Financial Financial liabilities Physical forward contracts and options (i) $ 198,891 $ 60,550 $ 32,451 $ 29,003 Financial swap contracts and options (ii) 8,133 1,342 34,369 22,117 Foreign exchange forward contracts - - 1,068 505 Share swap - - 18,400 - 6.5% convertible bond conversion feature - - - 246 Other derivative options 11,745 2,770 - - As at March 31, 2018 $ 218,769 $ 64,662 $ 86,288 $ 51,871 The following table summarizes certain aspects of the fair value of derivative financial assets and liabilities recordedi n the consolidated statement of financial position as at March 31, 2017: Financial assets Financial assets Financial liabilities Financial liabilities Physical forward contracts and options $ 982 $ 983 $ 89,472 $ 124,173 Financial swap contracts and options 3,207 2,027 65,362 46,246 Foreign exchange forward contracts 565 - - 295 Share swap - - 13,916 - 6.5% convertible bond conversion feature - - - 8,010 Other derivative options 6,902 - 43 - As at March 31, 2017 $ 11,656 $ 3,010 $ 168,793 $ 178,724 Below is a summary of the financial instruments classified through profit or loss as at March 31, 2018, (i) Physical forward contracts and options consist of: • Electricity contracts with a total remaining volume of 32,522,439 $42.50/MWh December 31, 2027. • Natural gas contracts with a total remaining volume of 86,541,853 $3.72/GJ October 31, 2023. • Renewable energy certificates (“RECs”) and emission-reduction credit contracts with a total remaining volume of 3,662,766 422,550 $27.84/REC $2.50/tonne, December 31, 2028 December 31, 2021. • Electricity generation capacity contracts with a total remaining volume of 5,410 $6,912.86/MWCap October 31, 2022. • Ancillary contracts with a total remaining volume of 933,679 $19.45/MWh December 31, 2020. (ii) Financial swap contracts and options consist of: • Electricity contracts with a total remaining volume of 15,724,012 $49.41/MWh July 23, 2023. • Natural gas contracts with a total remaining volume of 117,006,333 $3.54/GJ December 31, 2022. • Electricity generation capacity contracts with a total remaining volume of 273 $4,146.69/MWCap October 31, 2020. • Ancillary contracts with a total remaining volume of 962,506 $13.76/MWh December 31, 2019. These derivative financial instruments create a credit risk for Just Energy since they have been transacted with a limited number of counterparties. Should any counterparty be unable to fulfill its obligations under the contracts, Just Energy may not Share swap agreement Just Energy has entered into a share swap agreement to manage the consolidated statement of income volatility associated with the Company’s restricted share grant and deferred share grant plans. The value, on inception, of the 2,500,000 $33,803. Fair value (“FV”) hierarchy derivatives Level 1 The fair value measurements are classified as Level 1 Level 2 Fair value measurements that require observable inputs other than quoted prices in Level 1, 2 2, 2. Level 3 Fair value measurements that require unobservable market data or use statistical techniques to derive forward curves from observable market data and unobservable inputs are classified as Level 3 three five 12 15 3. For the share swap, Just Energy uses a forward interest rate curve along with a volume weighted average share price. Just Energy’s accounting policy is to recognize transfers between levels of the fair value hierarchy on the date of the event or change in circumstances that caused the transfer. There were no 1, 2 3 March 31, 2018 2017. Fair value measurement input sensitivity The main cause of changes in the fair value of derivative instruments is changes in the forward curve prices used for the fair value calculations. Just Energy provides a sensitivity analysis of these forward curves under the “Market risk” section of this note. Other inputs, including volatility and correlations, are driven off historical settlements. The following table illustrates the classification of derivative financial assets (liabilities) in the FV hierarchy as at March 31, 2018: Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 283,431 $ 283,431 Derivative financial liabilities - (21,092 ) (117,067 ) (138,159 ) Total net derivative assets (liabilities) $ - $ (21,092 ) $ 166,364 $ 145,272 The following table illustrates the classification of derivative financial assets (liabilities) in the FV hierarchy as at March 31, 2017: Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 14,666 $ 14,666 Derivative financial liabilities - (17,741 ) (329,776 ) (347,517 ) Total net derivative liabilities $ - $ (17,741 ) $ (315,110 ) $ (332,851 ) Key assumptions used when determining the significant unobservable inputs included in Level 3 5% 12 15 The following table illustrates the changes in net fair value of financial assets (liabilities) classified as Level 3 Year ended Year ended March 31, 2018 March 31, 2017 Balance, beginning of year $ (315,110 ) $ (638,231 ) Total gains (losses) 105,709 (42,084 ) Purchases 207,531 (30,265 ) Sales (64,464 ) 2,084 Settlements 232,698 393,386 Balance, end of year $ 166,364 $ (315,110 ) (b) Classification of non-derivative financial assets and liabilities As at March 31, 2018 March 31, 2017, Long-term debt recorded at amortized cost has a fair value as at March 31, 2018 $570.1 2017 $542.0 6.75% $100M 6.75% $160M 6.5% 5.75% 6.75% $100M 6.75% 6.5% 5.75% 1 Investments in equity instruments are recorded at fair value as at March 31, 2018 $36.3 2 2 not The fair values of both the investment in ecobee and Energy Earth has been derived from transacted/quoted prices of identical assets that are not No 3 The following table illustrates the classification of investments in the FV hierarchy as at March 31, 2018: Level 1 Level 2 Level 3 Total Investment in ecobee $ - $ 32,446 $ - $ 32,446 Investment in Energy Earth - 3,900 - 3,900 Total investments $ - $ 36,314 $ - $ 36,314 The risks associated with Just Energy’s financial instruments are as follows: (i) Market risk Market risk is the potential loss that may Foreign currency risk Foreign currency risk is created by fluctuations in the fair value or cash flows of financial instruments due to changes in foreign exchange rates and exposure as a result of investments in U.S. and international operations. The performance of the Canadian dollar relative to the U.S. dollar could positively or negatively affect Just Energy’s income, as a portion of Just Energy’s income is generated in U.S. dollars and is subject to currency fluctuations upon translation to Canadian dollars. Due to its growing operations in the U.S. and Europe, Just Energy expects to have a greater exposure to foreign currency fluctuations in the future than in prior years. Just Energy has economically hedged between 50% 90% 12 0% 50% 13 24 Just Energy may, not With respect to translation exposure, if the Canadian dollar had been 5% March 31, 2018, $15.0 $37.8 Interest rate risk Just Energy is only exposed to interest rate fluctuations associated with its floating rate credit facility. Just Energy’s current exposure to interest rates does not not A 1% $758 March 31, 2018 ( 2017 $332 Commodity price risk Just Energy is exposed to market risks associated with commodity prices and market volatility where estimated customer requirements do not not Commodity price sensitivity – all derivative financial instruments If all the energy prices associated with derivative financial instruments including natural gas, electricity, verified emission-reduction credits and renewable energy certificates had risen (fallen) by 10%, March 31, 2018 $228,721 $227,245 Commodity price sensitivity – Level 3 If the energy prices associated with only Level 3 10%, March 31, 2018 $232,801 $231,393 (ii) Credit risk Credit risk is the risk that one two Customer credit risk In Alberta, Texas, Illinois, British Columbia, California, Michigan, Delaware, Ohio, Georgia and the U.K., Just Energy has customer credit risk and, therefore, credit review processes have been implemented to perform credit evaluations of customers and manage customer default. If a significant number of customers were to default on their payments, it could have a material adverse effect on the operations and cash flows of Just Energy. Management factors default from credit risk in its margin expectations for all the above markets. The aging of the accounts receivable from the above markets was as follows: March 31, 2018 March 31, 2017 Current $ 113,786 $ 96,510 1– 30 days 44,374 30,672 31–60 days 21,241 12,806 61–90 days 12,686 8,358 Over 90 days 69,207 47,059 $ 261,294 $ 195,405 Changes in the allowance for doubtful accounts related to the balances in the table above were as follows: March 31, 2018 March 31, 2017 Balance, beginning of year $ 49,431 $ 58,789 Provision for doubtful accounts 56,300 56,041 Bad debts written off (41,802 ) (64,262 ) Foreign exchange (3,808 ) (1,137 ) Balance, end of year $ 60,121 $ 49,431 In the remaining markets, the LDCs provide collection services and assume the risk of any bad debts owing from Just Energy’s customers for a fee. Management believes that the risk of the LDCs failing to deliver payment to Just Energy is minimal. There is no Counterparty credit risk Counterparty credit risk represents the loss that Just Energy would incur if a counterparty fails to perform under its contractual obligations. This risk would manifest itself in Just Energy replacing contracted supply at prevailing market rates, thus impacting the related customer margin. Counterparty limits are established within the Risk Management Policy. Any exceptions to these limits require approval from the Board of Directors of Just Energy. The Risk Department and Risk Committee monitor current and potential credit exposure to individual counterparties and also monitor overall aggregate counterparty exposure. However, the failure of a counterparty to meet its contractual obligations could have a material adverse effect on the operations and cash flows of Just Energy. As at March 31, 2018, $283,431 2017 $14,666 (iii) Liquidity risk Liquidity risk is the potential inability to meet financial obligations as they fall due. Just Energy manages this risk by monitoring detailed weekly cash flow forecasts covering a rolling six 12 two The following are the contractual maturities, excluding interest payments, reflecting undiscounted disbursements of Just Energy’s financial liabilities: As at March 31, 2018: Carrying Contractual Less than More than amount cash flows 1 year 1-3 years 4-5 years 5 years Trade and other payables $ 616,434 $ 616,434 $ 616,434 $ - $ - $ - Long-term debt 1 543,504 575,525 122,115 193,410 260,000 - Gas, electricity and non-commodity contracts 138,159 3,171,037 1,867,389 1,202,949 69,658 31,041 $ 1,298,097 $ 4,362,996 $ 2,605,938 $ 1,396,359 $ 329,658 $ 31,041 As at March 31, 2017: Carrying Contractual Less than More than amount cash flows 1 year 1-3 years 4-5 years 5 years Trade and other payables $ 499,169 $ 499,169 $ 499,169 $ - $ - $ - Long-term debt 1 498,088 527,743 - 367,743 160,000 - Gas, electricity and non-commodity contracts 347,517 3,397,692 1,982,896 1,189,745 188,282 36,769 $ 1,344,774 $ 4,424,604 $ 2,482,065 $ 1,557,488 $ 348,282 $ 36,769 1 6.75% $100M 6.75% 6.5% 5.75% may In addition to the amounts noted above, as at March 31, 2018, Less than 1 year 1-3 years 4-5 years More than 5 years Interest payments $ 30,815 $ 41,386 $ 24,300 $ - (iv) Supplier risk Just Energy purchases the majority of the gas and electricity delivered to its customers through long-term contracts entered into with various suppliers. Just Energy has an exposure to supplier risk as the ability to continue to deliver gas and electricity to its customers is reliant upon the ongoing operations of these suppliers and their ability to fulfill their contractual obligations. As at March 31, 2018, $4,737 2017 $4,980

Note 16 - Trade and Other Payab

Note 16 - Trade and Other Payables	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of trade and other payables [text block]	16. TRADE AND OTHER PAYABLES As at As at March 31, 2018 March 31, 2017 Commodity suppliers' payables $ 209,610 $ 203,581 Accrued liabilities 135,733 140,753 Green provisions 152,542 70,955 Sales tax payable 15,794 19,241 Trade accounts payable 45,887 20,025 Payable for former JV partner (Note 18) 26,375 - Accrued gas payable 12,261 12,537 Other payables 18,232 32,077 $ 616,434 $ 499,169

Note 17 - Acquisition of Busine

Note 17 - Acquisition of Business	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of business combinations [text block]	17. ACQUISITION OF BUSINESSES a) Acquisition of Intell Enercare Solutions Inc. On June 6, 2017, 100% $11.0 $2.2 $9.0 three 2018 $3,500. 2019 2020 $3,000 $2,500, $7.8 three NET ASSETS ACQUIRED Intangible assets $ 877 Goodwill 9,644 Working capital (302 ) Deferred tax (232 ) Total consideration $ 9,987 Cash paid, net of estimated working capital adjustment $ 2,199 Contingent consideration 7,788 Total consideration $ 9,987 The transaction costs related to the acquisition have been expensed and are included in other operating expenses in the consolidated statements of income. The goodwill represents the synergies and potential for cross-selling energy saving technologies to Just Energy customers. The amount of revenue and profit or (loss) of Intell Enercare Solutions Inc. since the acquisition date included in the consolidated statement of income for the fiscal year is $1,495 $850 $1,635 $1,019 $1,300 b) Acquisition of SWDirekt and db swpro GmbH On December 8, 2016, 95% 51% $6.4 $2.2 The acquisition of SWDirekt and SWPro was accounted for using the purchase method of accounting. Just Energy allocated the purchase price to the identified assets and liabilities acquired based on their fair values at the time of acquisition as follows: NET ASSETS ACQUIRED Working capital $ 588 Property, plant and equipment 56 Intangible assets 1,172 Goodwill 4,831 Non-controlling interest (41 ) Other liabilities (221 ) Total consideration $ 6,385 Cash paid, net of working capital adjustment $ 4,221 Contingent consideration 2,164 Total consideration $ 6,385 The contingent consideration was subsequently written down to $nil c) Acquisition of EdgePower, Inc. On February 28, 2018, 100% US$14.0 US$7.0 $7.0 1,415,285 In addition, the former shareholders of EdgePower are entitled to a payment of up to a maximum of US$6.0 20% 2019 2021 nil. $209 $112, $4,282 $2,469, The following is the preliminary purchase price allocation for EdgePower: NET ASSETS ACQUIRED Working capital $ 993 Intangible assets 15,115 Goodwill 5,879 Deferred tax liabilities (4,066 ) Total consideration $ 17,921 Cash paid, net of working capital adjustment $ 8,286 Common shares issued 8,966 Payable to seller 669 Total consideration $ 17,921

Note 18 - Non-controlling Inter

Note 18 - Non-controlling Interest	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of non-controlling interests [text block]	18. NON-CONTROLLING INTEREST March 31, 2018 March 31, 2017 Profit (loss) allocated to non-controlling interest Just Ventures (a) $ 9,603 $ 24,558 Just Energy Deutschland GmbH (b) (305 ) (72 ) SWPro (b) - (15 ) $ 9,298 $ 24,471 Just Ventures Just Energy SWPro (until August 1, 2017) Summarized financial information for 2018: Gross margin $ 38,501 $ 82 $ 78 Selling and marketing expenses 13,829 2,148 477 Profit (loss) from operations 24,672 (2,106 ) (399 ) Cash flows provided by (used in) operating activities 24,672 (2,106 ) (399 ) Cash flows used in financing activities (24,672 ) - - Summarized financial information for 2017: Just Ventures Just Energy SWPro Gross margin $ 82,357 $ 5 $ (43 ) Selling and marketing expenses 34,264 235 100 Profit (loss) from operations 48,093 (349 ) (143 ) Cash flows provided by (used in) operating activities 48,093 (349 ) (143 ) Cash flows used in financing activities (48,093 ) - - (a) On August 1, 2017, 50% five $99.8 March 31, 2018, $26.4 $56.6 (b) Just Energy owns 95% 51% 5% 49%, not

Note 19 - Long-term Debt and Fi

Note 19 - Long-term Debt and Financing	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	19. LONG-TERM DEBT AND FINANCING Maturity March 31, 2018 March 31, 2017 Credit facility (a) September 1, 2018 $ 122,115 $ 68,258 Less: Debt issue costs (a) (664 ) (2,257 ) 6.75% 100M convertible debentures (b) March 31, 2023 85,760 - 6.75% 160M convertible debentures (c) December 31, 2021 148,146 145,579 6.5% convertible bonds (d) July 29, 2019 188,147 190,486 5.75% convertible debentures (e) September 30, 2018 - 96,022 543,504 498,088 Less: Current portion (121,451 ) - 422,053 498,088 Future annual minimum repayments are as follows: Less than 1-3 years 4-5 years More than Total Credit facility (a) $ 122,115 $ - $ - $ - $ 122,115 6.75% $100M convertible debentures (b) - 100,000 100,000 6.75% $160M convertible debentures (c) - - 160,000 - 160,000 6.5% convertible bonds (d) - 193,410 - - 193,410 $ 122,115 $ 193,410 $ 260,000 $ - $ 575,525 The details for long-term debt is as follows: As at April 1, 2017 Cash inflows / (outflows) FX Non-cash changes As at March 31, 2018 Credit facility (a) $ 66,001 $ 53,857 $ - $ 1,593 $ 121,451 6.75% $100M convertible debentures (b) - 95,869 - (10,109 ) 85,760 6.75% $160M convertible debentures (c) 145,579 - - 2,567 148,146 6.5% convertible bonds (d) 190,486 - (6,101 ) 3,761 188,147 5.75% convertible debentures (e) 96,022 (100,000 ) - 3,978 - 498,088 49,726 (6,101 ) 1,790 543,504 Less: Current portion - - - - (121,451 ) 498,088 49,726 (6,101 ) 1,790 422,053 As at April 1, 2016 Cash inflows / (outflows) FX Non-cash changes As at March 31, 2017 Credit facility (a) $ (2,980 ) $ 68,258 $ - $ 723 $ 66,001 6.75% $160M convertible debentures (c) - 152,407 - (6,828 ) 145,579 6.5% convertible bonds (d) 182,564 - 4,309 3,613 190,486 5.75% convertible debentures (e) 93,637 - - 2,385 96,022 6.0% convertible debentures (f) 311,028 (321,261 ) - 10,233 - Senior unsecured note (g) 76,294 (80,000 ) - 3,706 - 660,543 (180,596 ) 4,309 13,832 498,088 The following table details the finance costs for the year ended March 31. 2018 2017 Credit facility (a) $ 12,883 $ 10,564 6.75% $100M convertible debentures (b) 497 6.75% $160M convertible debentures (c) 12,773 7,090 6.5% convertible bonds (d) 15,753 16,418 5.75% convertible debentures (e) 9,173 8,135 6.0% convertible debentures (f) - 19,396 Loss on redemption of 6.0% convertible debentures (f) - 4,415 Senior unsecured note (g) - 10,999 Unwinding of discount and other 4,893 1,060 $ 55,972 $ 78,077 (a) As at March 31, 2018, $342.5 $50 December 30, 2016. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. 2.40% 3.40%. As at March 31, 2018, 3.45% 4.75%. $122.1 $113.4 2017 $109.2 March 31, 2018, $102 $5 March 31, 2018, Subsequent to March 31, 2018, two September 1, 2020. 34 (b) On February 22, 2018, $100 “6.75% $100 6.75% $100 6.75%, March 31 September 30 March 31, 2023. $1,000 6.75% $100 112.3596 $8.90, The 6.75% $100 not March 31, 2021. March 31, 2021 March 31, 2022, 6.75% $100 may not 60 not 30 20 five 125% March 31, 2022, 6.75% $100 may not 60 not 30 The conversion feature of the 6.75% $100 $9.7 $2.6 6.75% $100 $100 6.75% $100 10.7%. 6.75% $100 No 6.75% $100 March 31, 2018. (c) On October 5, 2016, $160 “6.75% $160 6.75% $160 6.75%, June 30 December 31 December 31, 2021. $1,000 6.75% $160 107.5269 $9.30, The 6.75% $160 not December 31, 2019. December 31, 2019 December 31, 2020, 6.75% $160 may not 60 not 30 20 five 125% December 31, 2020, 6.75% $160 may not 60 not 30 The conversion feature of the 6.75% $160 $8.0 $2.1 6.75% $160 $160 6.75% $160 9.1%. 6.75% $160 No 6.75% $160 March 31, 2018. (d) On January 29, 2014, US$150 “6.5% 6.5% 6.5%, January 29 July 29 July 29, 2019. A Conversion Right in respect of a bond may May 30, 2014 July 7, 2019. US$9.3762 C$10.2819 may, no As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% US$8,517. 6.5% $150.0 6.5% 8.8%. March 31, 2018, US$0.2 No 6.5% March 31, 2018. (e) In September 2011, $100 “5.75% 5.75% 5.75%, March 31 September 30 September 30, 2018. $1,000 5.75% 56.0 $17.85. September 30, 2016, 5.75% may not 60 not 30 The Company may, not 60 not 30 no 5.75% 5.75% 95% On March 27, 2018, 5.75% $99.5 5.75% $0.5 $7.1 (f) In May 2010, $330 “6.0% 6.0% 6.0% June 30 December 31, June 30, 2017. On November 7, 2016, $225 6.0% $222 6.0% $3.1 $12.9 February 21, 2017, $94.6 6.0% $93.4 6.0% $1.3 $5.4 (g) The senior unsecured note was originally issued in the amount of $105 9.75% June 2018. $25 March 31, 2016 June 30, 2016, $55 October 5, 2016.

Note 20 - Provisions

Note 20 - Provisions	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of provisions [text block]	20. PROVISIONS 2018 2017 Cost Balance, beginning of year $ 8,215 $ 17,989 Provisions reversed and used during the year (3,323 ) (10,602 ) Unwinding of discount - 389 Foreign exchange impact (178 ) 439 Balance, end of year $ 4,714 $ 8,215 Legal proceedings In March 2012, 1,800 8,000 October 6, 2014. not October 2014 not January 9, 2015, May 2018. In August 2013, March 13, 2015, March 22, 2016, June 16, 2016, In March 2015, January 25, 2016, 167 January 20, 2017, February 16, 2017, February 20, 2018 In May 2015, Employment Standards Act August 2015, June 21, 2016. July 27, 2016, no not one Employment Standards Act 2018. No

Note 21 - Income Taxes

Note 21 - Income Taxes	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of income tax [text block]	21. INCOME TAXES (a) Tax expense 2018 2017 Current tax expense $ 2,555 $ 27,123 Deferred tax expense (benefit) Origination and reversal of temporary differences $ 129,177 $ 152,945 Benefit arising from previously unrecognized tax loss or temporary difference (111,058 ) (136,837 ) Deferred tax expense 18,119 16,108 Provision for income taxes $ 20,674 $ 43,231 (b) Reconciliation of the effective tax rate The provision for income taxes represents an effective rate different than the Canadian corporate statutory rate of 26.50% 2017 26.50% 2018 2017 Income before income taxes $ 539,248 $ 514,114 Combined statutory Canadian federal and provincial income tax rate 26.50 % 26.50 % Income tax expense based on statutory rate $ 142,901 $ 136,240 Increase (decrease) in income taxes resulting from: Benefit of mark-to-market loss and other temporary differences not recognized $ (111,058 ) $ (136,837 ) Variance between combined Canadian tax rate and the tax rate applicable to foreign earnings 1,000 40,396 Other permanent items (12,169 ) 3,432 Total income tax expense $ 20,674 $ 43,231 (c) Recognized deferred tax assets and liabilities Recognized deferred tax assets and liabilities are attributed to the following: 2018 2017 Mark-to-market losses on derivative instruments $ 17,580 $ 28,667 Tax losses and excess of tax basis over book basis 78,825 9,893 Total deferred tax asset 96,405 38,560 Offset of deferred taxes (93,873 ) (17,292 ) Net deferred tax asset $ 2,532 $ 21,268 Partnership income deferred for tax purposes $ (6,249 ) $ (8,281 ) Mark-to-market gains on derivative instruments (54,158 ) (391 ) Book to tax differences on other assets (30,480 ) (4,476 ) Convertible debentures (2,986 ) (4,144 ) Total deferred tax liability (93,873 ) (17,292 ) Offset of deferred taxes 93,873 17,292 (d) Movement in deferred tax balances Balance Recognized Recognized in OCI Balance Partnership income deferred for tax $ (8,281 ) $ 2,032 $ - $ (6,249 ) Book to tax differences on other assets 4,269 51,864 (7,788 ) 48,345 Mark-to-market (gains) losses on derivative instruments 29,424 (66,002 ) - (36,578 ) Convertible debentures (4,144 ) 1,158 - (2,986 ) $ 21,268 $ (10,948 ) $ (7,788 ) $ 2,532 Balance Recognized Recognized in OCI Balance Partnership income deferred for tax $ (22,306 ) $ 14,025 $ - $ (8,281 ) Book to tax differences - customer contracts (5,139 ) 5,139 - - Book to tax differences on other assets 19,181 (11,557 ) (2,207 ) 5,417 Mark-to-market (gains) losses on derivative instruments 50,481 (22,205 ) - 28,276 Convertible debentures (2,634 ) (1,510 ) - (4,144 ) $ 39,583 $ (16,108 ) $ (2,207 ) $ 21,268 (e) Unrecognized deferred tax assets Deferred tax assets not March 31 2018 2017 Losses available for carryforward $ - $ 55,745 Mark-to-market on losses on derivative instruments - 86,767 Excess of tax over book basis 15,824 14,718 Alternative minimum tax credit carryforward - 2,068 Losses available for carryforward (recognized and unrecognized) are set to expire as follows: 2018 2029 $ - 2030 - 2031 and thereafter 138,372 Total $ 138,372

Note 22 - Shareholders' Capital

Note 22 - Shareholders' Capital	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of issued capital [text block]	22. SHAREHOLDERS’ CAPITAL Just Energy is authorized to issue an unlimited number of common shares and 50,000,000 no no On February 7, 2017, 4,000,000 8.50% US$25.00 US$100 40,000 US$25.00 US$1 Just Energy had the ability to make a normal course issuer bid (“NCIB”) to purchase for cancellation a portion of the outstanding 5.75% March 16, 2018. 10% February 28, 2017 March 31, 2018, $11.9 $nil, Details of issued and outstanding shareholders’ capital are as follows: Year ended Year ended March 31, 2018 March 31, 2017 Shares Amount Shares Amount Common shares: Issued and outstanding Balance, beginning of year 147,013,538 $ 1,070,076 147,183,778 $ 1,069,434 Share-based awards exercised 1,643,156 11,954 679,760 7,191 Acquisition of a subsidiary 1,415,285 8,966 - - Repurchase and cancellation of shares (1,677,827 ) (11,941 ) (850,000 ) (6,549 ) Balance, end of year 148,394,152 $ 1,079,055 147,013,538 $ 1,070,076 Preferred shares: Issued and outstanding Balance, beginning of year 4,040,000 $ 128,363 - $ - Shares issued for cash 283,300 9,260 4,040,000 132,973 Preferred shares issuance cost - (852 ) - (4,610 ) Balance, end of year 4,323,300 $ 136,771 4,040,000 $ 128,363 Shareholders' capital 152,717,452 $ 1,215,826 151,053,538 $ 1,198,439

Note 23 - Share-based Compensat

Note 23 - Share-based Compensation Plans	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of share-based payment arrangements [text block]	23. SHARE-BASED COMPENSATION PLANS (a) Stock option plan Just Energy may 2010 2001 may 11,300,000 March 31, 2018, 814,166 500,000 March 31, 2018 $7.88. three five five ten no 2018. (b) Restricted share grants Just Energy grants awards under the 2010 2004 March 31, 2018, 3,004,624 2017 4,107,830 1,635,882 March 31, 2018 ( 2017 1,668,780 one five no ten may one one There are 420,000 not RSGs available for grant 2018 2017 Balance, beginning of year 4,107,830 4,591,312 Less: Granted (1,716,743 ) (676,270 ) Add: Cancelled/forfeited 613,537 192,788 Balance, end of year 3,004,624 4,107,830 The average grant date fair value of RSGs granted in the year was $6.94 2017 $7.91 (c) Performance bonus grants Just Energy grants awards under the 2013 March 31, 2018, 2,270,480 2017 2,650,513 1,050,094 March 31, 2018 ( 2017 –1,158,025 three one third second third no three PBGs available for grant 2018 2017 Balance, beginning of year 2,650,513 2,842,409 Less: Granted (812,787 ) (278,680 ) Add: Cancelled/forfeited 432,754 86,784 Balance, end of year 2,270,480 2,650,513 The average grant date fair value of PBGs granted in the year was $7.08 2017 $7.96 (d) Deferred share grants Just Energy grants awards under its 2010 2004 15% may three ten March 31, 2018, 77,405 2017 117,936 114,949 2017 93,506 March 31, 2018. DSGs available for grant 2018 2017 Balance, beginning of year 117,936 147,430 Less: Granted (40,531 ) (29,494 ) Balance, end of year 77,405 117,936 The weighted average grant date fair value of DSGs granted in the year was $6.32 2017 $7.54

Note 24 - Reportable Business S

Note 24 - Reportable Business Segments	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	24. REPORTABLE BUSINESS SEGMENTS Just Energy’s reportable segments include the following: Consumer Energy and Commercial Energy. Just Energy has aggregated the operating segments into these reportable segments on the basis that the operating segments share economic characteristics. These characteristics include the nature of the product and services sold, the distribution methods, and the type of customer class and regulatory environment. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt. Transactions between operating segments are in the normal course of operations and are recorded at the exchange amount. Allocations made between segments for shared assets or allocated expenses are based on the number of customers in the respective segments. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss and is measured consistently with operating profit or loss in the consolidated financial statements. Just Energy is not For the year ended March 31, 2018 Consumer Commercial Consolidated division division Sales $ 2,235,093 $ 1,391,477 $ 3,626,570 Gross margin 487,591 153,336 640,927 Administrative expenses 157,513 37,186 194,699 Selling and marketing expenses 157,997 75,043 233,040 Depreciation of property, plant and equipment 3,775 340 4,115 Amortization of intangible assets 12,707 3,992 16,699 Other operating expenses 69,884 4,800 74,684 Operating profit for the year $ 85,715 $ 31,975 $ 117,690 Finance costs (55,972 ) Change in fair value of derivative instruments and other 474,356 Other income 3,174 Provision for income taxes (20,674 ) Profit for the year $ 518,574 Capital expenditures $ 32,252 $ 3,524 $ 35,776 Total goodwill $ 147,252 $ 153,421 $ 300,673 Total assets $ 1,180,741 $ 466,068 $ 1,646,809 Total liabilities $ 875,587 $ 540,479 $ 1,416,066 For the year ended March 31, 2017 Consumer Commercial Consolidated division division Sales $ 2,083,833 $ 1,673,221 $ 3,757,054 Gross margin 512,919 183,052 695,971 Administrative expenses 129,882 38,551 168,433 Selling and marketing expenses 142,883 83,425 226,308 Depreciation of property, plant and equipment 6,259 320 6,579 Amortization of intangible assets 13,637 2,304 15,941 Other operating expenses 51,914 10,203 62,117 Operating profit for the year $ 168,344 $ 48,249 $ 216,593 Finance costs (78,077 ) Change in fair value of derivative instruments and other 374,791 Other income 807 Provision for income taxes (43,231 ) Profit for the year $ 470,883 Capital expenditures $ 17,681 $ 8,708 $ 26,389 Total goodwill $ 146,669 $ 142,532 $ 289,201 Total assets $ 712,899 $ 525,056 $ 1,237,955 Total liabilities $ 1,214,561 $ 172,720 $ 1,387,281 Sales from external customers The revenue is based on the location of the customer. For the For the year ended year ended March 31, 2018 March 31, 2017 Canada $ 414,183 $ 476,208 United States 2,465,794 2,793,004 International 746,593 487,842 Total $ 3,626,570 $ 3,757,054 Non-current assets Non-current assets by geographic segment consist of property, plant and equipment and intangible assets and are summarized as follows: As at March 31, 2018 As at March 31, 2017 Canada $ 201,985 $ 189,911 United States 207,147 182,840 International 11,687 6,918 Total $ 420,819 $ 379,669

Note 25 - Other Expenses

Note 25 - Other Expenses	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of other operating income (expense) [text block]	25. OTHER EXPENSES (a) Other operating expenses For the For the year ended year ended March 31, 2018 March 31, 2017 Amortization of intangible assets $ 16,699 $ 15,941 Depreciation of property, plant and equipment 4,115 6,579 Bad debts expense 56,331 56,041 Share-based compensation 18,353 6,076 $ 95,498 $ 84,637 (b) Amortization and energy costs included in cost of sales in the consolidated statements of income For the For the year ended year ended March 31, 2018 March 31, 2017 Amortization $ 3,116 $ 2,974 Direct energy costs and other 2,982,527 3,058,109 $ 2,985,643 $ 3,061,083 (c) Employee benefits expense For the For the year ended year ended March 31, 2018 March 31, 2017 Wages, salaries and commissions $ 237,867 $ 206,499 Benefits 24,100 19,946 $ 261,967 $ 226,445

Note 26 - Impairment Testing of

Note 26 - Impairment Testing of Goodwill and Intangible Assets With Indefinite Lives	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of impairment of assets [text block]	26. IMPAIRMENT TESTING OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE LIVES Goodwill acquired through business combinations and intangible assets with indefinite lives have been allocated to one five not March 31, 2018. For impairment testing, goodwill and brand have been allocated as follows as at March 31, 2018: Consumer division Commercial division Germany Total North America UK North America UK Goodwill $ 128,502 $ 13,355 $ 153,421 $ - $ 5,395 $ 300,673 Brand 15,405 - 14,800 - - 30,205 $ 143,907 $ 13,355 $ 168,221 $ - $ 5,395 $ 330,878 For the year ended March 31, 2017, Consumer Commercial Total 2017 2017 2017 Goodwill $ 146,669 $ 142,532 289,201 Brand 16,491 14,663 31,154 $ 163,160 $ 157,195 320,355 Just Energy has historically performed its annual impairment test using a value-in-use, discounted cash flow projection model. The change in the goodwill impairment model was made for the purpose of reducing the amount of unobservable inputs and did not March 31, 2018, The recoverable amount of each of the CGUs has been determined based on a fair value less costs of disposal model using actual EBITDA of the operating segment multiplied by the entity’s EBITDA multiple. The EBITDA multiple and the EBITDA of the CGU that has been utilized in the fair value less costs to disposal model are consistent with external sources of information and are considered a Level 2 The EBITDA multiple is derived from the expected return on investment by Just Energy’s investors which equated to 8.5 March 31, 2018. 5% not

Note 27 - Earnings Per Share

Note 27 - Earnings Per Share	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	27. EARNINGS PER SHARE For the For the year ended year ended March 31, 2018 March 31, 2017 BASIC EARNINGS PER SHARE Profit as per consolidated statement of income $ 509,276 $ 446,412 Dividend to preferred shareholders - net of tax 8,364 1,218 Earnings available to shareholders $ 500,912 $ 445,194 Basic weighted average shares outstanding 147,039,737 147,589,186 Basic earnings per share available to shareholders $ 3.41 $ 3.02 DILUTED EARNINGS PER SHARE Earnings available to shareholders 500,912 445,194 Adjustment for dilutive impact of convertible debentures 22,407 12,776 Adjusted earnings available to shareholders $ 523,319 $ 457,970 Basic weighted average shares outstanding 147,039,737 147,589,186 Dilutive effect of: Restricted share and performance bonus grants 2,924,587 2,945,119 Deferred share grants 95,536 81,176 Convertible debentures 49,979,055 38,804,494 Shares outstanding on a diluted basis 200,038,914 189,419,975 Diluted earnings per share available to shareholders $ 2.62 $ 2.42

Note 28 - Capital Disclosure

Note 28 - Capital Disclosure	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of objectives, policies and processes for managing capital [text block]	28. CAPITAL DISCLOSURE Just Energy defines capital as shareholders’ equity (excluding accumulated other comprehensive income) and long-term debt. Just Energy’s objectives when managing capital are to maintain flexibility by: (i) enabling it to operate efficiently; (ii) providing liquidity and access to capital for growth opportunities; and (iii) providing returns and generating predictable cash flow for dividend payments to shareholders. Just Energy manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. The Board of Directors does not not March 31, 2018 2017,

Note 29 - Related Party Transac

Note 29 - Related Party Transactions and Key Management Personnel Remuneration	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of related party [text block]	29. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT PERSONNEL REMUNERATION Parties are considered to be related if one Subsidiaries Transactions between Just Energy and its subsidiaries meet the definition of related party transactions. These transactions are eliminated on consolidation and are not Key management personnel Just Energy’s key management personnel and persons connected with them, are also considered to be related parties for disclosure purposes. Key management personnel are defined as those individuals having authority and responsibility for planning, directing and controlling the activities of Just Energy and comprise of the Chair of the Board of Directors, the Co-Chief Executive Officers and the Chief Financial Officer. During the years ended March 31, 2018 2017, As at As at March 31, 2018 March 31, 2017 Salaries and benefits $ 8,939 $ 7,199 Share-based compensation, net 3,738 3,223 $ 12,677 $ 10,422 As at March 31, 2018, 1,774,094 2017 2,126,745

Note 30 - Dividends Paid

Note 30 - Dividends Paid	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of dividends [text block]	30. DIVIDENDS PAID For the year ended March 31, 2018, $0.50 2017 $0.50 $74,881 2017 $75,094 For the year ended March 31, 2018, US$2.125 2017 $0.3128 $11,380 2017 $1,657

Note 31 - Commitments and Guara

Note 31 - Commitments and Guarantees	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	31. COMMITMENTS AND GUARANTEES Commitments for each of the next five As at March 31, 2018 Less than 1 1-3 years 4-5 years More than 5 Total Premises and equipment leasing $ 4,874 $ 7,388 $ 6,691 $ 7,302 $ 26,255 Gas, electricity and non-commodity contracts 1,867,383 1,202,940 69,658 31,041 3,171,022 $ 1,872,257 $ 1,210,328 $ 76,349 $ 38,343 $ 3,197,277 Just Energy has entered into leasing contracts for office buildings and administrative equipment. These leases have a leasing period of between one eight No (a) Surety bonds and letters of credit Pursuant to separate arrangements with Westchester Fire Insurance Company, Travelers Casualty and Surety Company of America, Berkley Insurance Company and Charter Brokerage LLC, Just Energy has issued surety bonds to various counterparties including states, regulatory bodies, utilities and various other surety bond holders in return for a fee and/or meeting certain collateral posting requirements. Such surety bond postings are required in order to operate in certain states or markets. Total surety bonds issued as at March 31, 2018 $56.5 As at March 31, 2018, $113.4 19 (b) Officers and directors Corporate indemnities have been provided by Just Energy to all directors and certain officers of its subsidiaries and affiliates for various items including, but not one (c) Operations In the normal course of business, Just Energy and/or Just Energy’s subsidiaries and affiliates have entered into agreements that include guarantees in favour of third may may $78.6

Note 32 - Adjustments Required

Note 32 - Adjustments Required to Reflect Net Cash Receipts From Gas Sales	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of adjustments required to reflect net cash receipts from gas sales [text block]	32. ADJUSTMENTS REQUIRED TO REFLECT NET CASH RECEIPTS FROM GAS SALES 2018 2017 Changes in: Accrued gas receivable $ 459 $ (2,735 ) Gas delivered in excess of consumption 516 3,106 Accrued gas payable (276 ) 1,284 Deferred revenue (3,575 ) (2,336 ) $ (2,876 ) $ (681 )

Note 33 - Changes in Non-cash W

Note 33 - Changes in Non-cash Working Capital	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of changes in non-cash working capital [text block]	33. CHANGES IN NON-CASH WORKING CAPITAL As at As at March 31, 2018 March 31, 2017 Accounts receivable and unbilled revenues $ (108,900 ) $ 18,069 Gas in storage 538 (9,282 ) Prepaid expenses and deposits (15,534 ) 3,361 Provisions (3,501 ) (9,774 ) Trade and other payables 90,972 (25,130 ) $ (36,425 ) $ (22,756 )

Note 34 - Subsequent Events

Note 34 - Subsequent Events	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of events after reporting period [text block]	34. SUBSEQUENT EVENTS Subsequent to March 31, 2018, April 18, 2018 two September 1, 2020. $352.5 $342.5 $370.0

Note 35 - Comparative Consolida

Note 35 - Comparative Consolidated Financial Statements	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of information about consolidated structured entities [text block]	35. COMPARATIVE CONSOLIDATED FINANCIAL STATEMENTS Certain figures in the comparative consolidated financial statements have been reclassified from statements previously presented to conform to the presentation of the current year’s consolidated financial statements.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2018
Discloure of Significant Accounting Policies
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents and restricted cash All highly liquid temporary cash investments with an original maturity of three Restricted cash includes cash and cash equivalents, where the availability of funds is restricted by debt arrangements or held in escrow as part of prior acquisition agreements.
Description of accounting policy for financial instruments at fair value through profit or loss [text block]	Short-term investments Short-term investments include investments in equities and fixed income producing securities and are held for trading.
Disclosure of accounting policy for gas assets and liabilities [text block]	Accrued gas receivable/accrued gas payable or gas delivered in excess of consumption/deferred revenue Accrued gas receivable is stated at fair value and results when customers consume more gas than has been delivered by Just Energy to local distribution companies (“LDCs”). Accrued gas payable represents the obligation to the LDCs with respect to gas consumed by customers in excess of that delivered to the LDCs. Gas delivered to LDCs in excess of consumption by customers is stated at the lower of cost and net realizable value. Collections from customers in advance of their consumption of gas result in deferred revenue. Assuming normal weather and consumption patterns, during the winter months, customers will have consumed more than what was delivered, resulting in the recognition of unbilled revenues/accrued gas payable; however, in the summer months, customers will have consumed less than what was delivered, resulting in the recognition of gas delivered in excess of consumption/deferred revenue. These adjustments are applicable solely to the Ontario, Manitoba, Quebec, Saskatchewan and Michigan gas markets.
Description of accounting policy for measuring inventories [text block]	Gas in storage Gas in storage represents the gas delivered to the LDCs in Illinois, Indiana, New York, Ohio, Georgia, Maryland, California and Alberta. The balance will fluctuate as gas is injected into or withdrawn from storage. Gas in storage is valued at the lower of cost and net realizable value, with cost being determined on a weighted average basis. Net realizable value is the estimated selling price in the ordinary course of business.
Description of accounting policy for property, plant and equipment [text block]	Property, plant and equipment Property, plant and equipment are stated at cost, net of any accumulated depreciation and impairment losses. Cost includes the purchase price and, where relevant, any costs directly attributable to bringing the asset to the location and condition necessary and/or the present value of all dismantling and removal costs. Where major components of property, plant and equipment have different useful lives, the components are recognized and depreciated separately. Just Energy recognizes, in the carrying amount, the cost of replacing part of an item when the cost is incurred and if it is probable that the future economic benefits embodied with the item can be reliably measured. When significant parts of property, plant and equipment are required to be replaced at intervals, Just Energy recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in the consolidated statements of income as a general and administrative expense when incurred. Depreciation is provided over the estimated useful lives of the assets as follows: Asset category Depreciation method Rate/useful life Furniture and fixtures Declining balance 20% Office equipment Declining balance 20% Computer equipment Declining balance 30% Leasehold improvements Straight-line Term of lease Thermostats (in years) Straight-line 5 An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no The useful lives and methods of depreciation are reviewed at each financial year-end and adjusted prospectively, if appropriate.
Description of accounting policy for business combinations [text block]	Business combinations All identifiable assets acquired and liabilities assumed are measured at the acquisition date at fair value. The Company records all identifiable intangible assets including identifiable assets that had not one may not may
Description of accounting policy for goodwill [text block]	Goodwill Goodwill is initially measured at cost, which is the excess of the cost of the business combination over Just Energy’s share in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities. Any negative difference is recognized directly in the consolidated statements of income. After initial recognition, goodwill is measured at cost, less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of Just Energy’s operating segments that are expected to benefit from the synergies of the combination, irrespective of whether other assets and liabilities of the acquiree are assigned to those segments.
Description of accounting policy for intangible assets other than goodwill [text block]	Intangible assets Intangible assets acquired outside of a business combination are measured at cost on initial recognition. Intangible assets acquired in a business combination are recorded at fair value on the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and/or accumulated impairment losses. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite useful lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may Intangible assets consist of gas customer contracts, electricity customer contracts, sales network, brand and goodwill, acquired through business combinations and asset purchases, as well as software, commodity billing and settlement systems and information technology system development. Internally generated intangible assets are capitalized when the product or process is technically and commercially feasible, the future economic benefit is measurable, Just Energy can demonstrate how the asset will generate future economic benefits and Just Energy has sufficient resources to complete development. The cost of an internally generated intangible asset comprises all directly attributable costs necessary to create, produce and prepare the asset to be capable of operating in the manner intended by management. The brand and goodwill are considered to have indefinite useful lives and are not Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset, and are recognized in the consolidated statements of income when the asset is derecognized. Intangible asset category Amortization method Rate/useful life Customer contracts Straight-line Term of contract Contract relationships Straight-line Term of contract Commodity billing and settlement system (in years) Straight-line 5 Sales network and affinity relationships (in years) Straight-line 5 - 8 Information technology system development (in years) Straight-line 3 - 5 Software (in years) Straight-line 1 Technology (in years) Straight-line 15
Description of accounting policy for impairment of non-financial assets [text block]	Impairment of non-financial assets Just Energy assesses whether there is an indication that an asset may not An impairment loss is recognized in the consolidated statements of income if an asset's carrying amount or that of the CGU to which it is allocated is higher than its recoverable amount. Impairment losses of CGUs are first In the consolidated statements of income, an impairment loss is recognized in the expense category associated with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no may not no Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may
Description of accounting policy for leases [text block]	Leases The determination of whether an arrangement is or contains a lease is based on the substance of the arrangement at the inception date and whether fulfillment of the arrangement is dependent on the use of a specific asset or assets, or the arrangement conveys a right to use the asset. Just Energy as a lessee Operating lease payments are recognized as an expense in the consolidated statements of income on a straight-line basis over the lease term. Just Energy as a lessor Leases where Just Energy does not
Description of accounting policy for financial instruments [text block]	Financial instruments Financial assets and liabilities Just Energy classifies its financial assets as either (i) financial assets at fair value through profit or loss, (ii) loans and receivables, (iii) other financial assets, or iv) available for sale, and its financial liabilities as either (i) financial liabilities at fair value through profit or loss or (ii) other financial liabilities. Appropriate classification of financial assets and liabilities is determined at the time of initial recognition or when reclassified in the consolidated statements of financial position. Financial instruments are recognized on the trade date, which is the date on which Just Energy commits to purchase or sell the asset. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held-for-trading and financial assets designated upon initial recognition as at fair value through profit or loss. Financial assets are classified as fair value through profit or loss if they are acquired for the purpose of selling or repurchasing in the near term. This category includes derivative financial instruments entered into that are not 39, Financial Instruments: Recognition and Measurement (“IAS 39” not An analysis of fair values of financial instruments and further details as to how they are measured are provided in Note 15. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not Financial assets classified as available for sale Available for sale financial assets are held at fair value with gains and losses included in other comprehensive income. Just Energy uses this classification for assets that are not not Derecognition A financial asset is derecognized when the rights to receive cash flows from the asset have expired or when Just Energy has transferred its rights to receive cash flows from the asset. Impairment of financial assets Just Energy assesses whether there is objective evidence that a financial asset is impaired at each reporting date. A financial asset is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one For financial assets carried at amortized cost, Just Energy first not no not If there is objective evidence that an impairment loss has occurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows. The present value of the estimated future cash flows is discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognized in profit or loss. Interest income continues to be accrued on the reduced carrying amount and is accrued using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. The interest income is recorded as part of other income in the consolidated statements of income. Loans and receivables, together with the associated allowance, are written off when there is no Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held-for-trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held-for-trading if they are acquired for the purpose of selling in the near term. This category includes derivative financial instruments entered into by Just Energy that are not 39. not Gains or losses on liabilities held-for-trading are recognized in the consolidated statements of income. Other financial liabilities Other financial liabilities are measured at amortized cost using the effective interest rate method. Financial liabilities include long-term debt issued and are initially measured at fair value. Fair value, is the consideration received, net of transaction costs incurred, trade and other payables and bank indebtedness. Transaction costs related to the long-term debt instruments are included in the value of the instruments and amortized using the effective interest rate method. The effective interest expense is included in finance costs in the consolidated statements of income. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in the consolidated statements of income.
Description of accounting policy for derivative financial instruments and hedging [text block]	Derivative instruments Just Energy enters into fixed-term contracts with customers to provide electricity and gas at fixed prices. These customer contracts expose Just Energy to changes in consumption as well as changes in the market prices of gas and electricity. To reduce its exposure to movements in commodity prices, Just Energy enters into contracts with suppliers that expose the Company to changes in prices for the purchase and sale of power and natural gas. These contracts are treated as derivatives as they do not 32. Just Energy analyzes all its contracts, of both a financial and non-financial nature, to identify the existence of any “embedded” derivatives. Embedded derivatives are accounted for separately from the underlying contract at the inception date when their economic characteristics are not not All derivatives are recognized at fair value on the date on which the derivative is entered into and are remeasured to fair value at each reporting date. Derivatives are carried in the consolidated statements of financial position as other financial assets when the fair value is positive and as other financial liabilities when the fair value is negative. Just Energy does not
Description of accounting policy for offsetting of financial instruments [text block]	Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount reported in the consolidated statements of financial position if, and only if, there is currently an enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.
Description of accounting policy for fair value measurement [text block]	Fair value of financial instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices, without any deduction for transaction costs. For financial instruments not may 15.
Description of accounting policy for recognition of revenue [text block]	Revenue recognition Revenue is recognized when significant risks and rewards of ownership are transferred to the customer. In the case of gas and electricity, transfer of risks and rewards is upon consumption of the commodity. Just Energy recognizes revenue from thermostat leases, based on rental rates over the term commencing from the installation date. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and sales taxes. The Company assumes credit risk for all customers in Alberta, Illinois, Texas, Michigan, California, Georgia, Delaware, Ohio, the U.K. and for certain large-volume customers in British Columbia. In these markets, the Company ensures that credit review processes are in place prior to the commodity flowing to the customer.
Description of accounting policy for foreign currency translation [text block]	Foreign currency translation Functional and presentation currency Items included in the consolidated financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). For U.S. based subsidiaries, this is U.S. dollars (“USD”), for subsidiaries based in the U.K. it is British pounds (“GBP”), and for subsidiaries based in Germany and Ireland it is Euros (“EUR”). The consolidated financial statements are presented in Canadian dollars, which is the parent Company’s presentation and functional currency. Transactions Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of income. Translation of foreign operations The results and consolidated financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • assets and liabilities for each consolidated statement of financial position presented are translated at the closing rate at the date of that consolidated statement of financial position; and • income and expenses for each consolidated statement of income are translated at the exchange rates prevailing at the dates of the transactions. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, are recorded in other comprehensive income (“OCI”). When a foreign operation is partially disposed of or sold, exchange differences that were recorded in accumulated other comprehensive income are recognized in the consolidated statements of income as part of the gain or loss on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rate.
Description of accounting policy for earnings per share [text block]	Earnings per share amounts The computation of earnings per share is based on the weighted average number of shares outstanding during the year. Diluted earnings per share are computed in a similar way to basic earnings per share except that the weighted average number of shares outstanding is increased to include additional shares assuming the exercise of stock options, restricted share grants (“RSGs”), performance bonus incentive grants (“PBGs”), deferred share grants (“DSGs”) and convertible debentures, if dilutive.
Description of accounting policy for share-based payment transactions [text block]	Share-based compensation plans Equity-based compensation liability Share-based compensation are equity-settled transactions. The cost of share-based compensation is measured by reference to the fair value at the date on which it was granted. Awards are valued at the grant date and are not When options, RSGs, PBGs and DSGs are exercised or exchanged, the amounts previously credited to contributed surplus are reversed and credited to shareholders' capital.
Description of accounting policy for employee benefits [text block]	Employee future benefits In Canada, Just Energy offers a long-term wealth accumulation plan (the "Plan") for all permanent full-time and permanent part-time employees (working more than 26 two 2% 2% one one For U.S. employees, Just Energy has established a long-term savings plan (the "Plan") for all permanent full-time and part-time employees (working more than 30 two 401 3% one one 401 4% one one 401 5% 3% 2% 401 Participation in the plans in Canada or the U.S. is voluntary. For the 401 two six Obligations for contributions to the Plan are recognized as an expense in the consolidated statements of income when the employee makes a contribution.
Description of accounting policy for income tax [text block]	Income taxes Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from, or paid to, the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where Just Energy operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not Just Energy follows the liability method of accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to the temporary differences between the carrying value of the assets and liabilities in the consolidated financial statements and their respective tax bases. Deferred tax liabilities are recognized for all taxable temporary differences except: • where the deferred tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not • in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled by the parent and it is probable that the temporary differences will not Deferred tax assets are recognized for all deductible temporary differences, the carryforward of unused tax credits and any unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carryforward of unused tax credits and unused tax losses, can be utilized except: • where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not • in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax relating to items recognized in cumulative translation adjustment or equity is recognized in cumulative translation adjustment or equity and not Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.
Description of accounting policy for provisions [text block]	Provisions Provisions are recognized when Just Energy has a present obligation, legal or constructive, as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where Just Energy expects some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated statements of income, net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost in the consolidated statements of income.
Description of accounting policy for expenses [text block]	Selling and marketing expenses Commissions and various other costs related to obtaining and renewing customer contracts are charged to income in the period incurred except as disclosed below: Commissions related to obtaining and renewing Commercial customer contracts are paid in one In addition, commissions related to leasing thermostats are capitalized as part of the cost of the equipment.
Description of accounting policy for regulatory deferral accounts [text block]	Green provision and certificates Just Energy is a retailer of green energy and records a provision to its regulators as green energy sales are recognized. A corresponding cost is included in cost of sales. Just Energy measures its provision based on the extent of green certificates that it holds or has committed to purchase and has recorded this obligation net of its green certificates. Any provision balance in excess of the green certificates held or that Just Energy has committed to purchase is measured at fair value. Green certificates are purchased by Just Energy to settle its obligation with the regulators.
Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]	Non-current assets held-for-sale and discontinued operations Just Energy classifies non-current assets and disposal groups as held-for-sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held-for-sale are measured at the lower of their carrying amount and fair value less costs to sell. The criteria for the held-for-sale classification is regarded as met only when the sale is highly probable and the asset or disposal group is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one not

Note 4 - Significant Accounti43

Note 4 - Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of useful lives for property, plant, and equipment [text block]	Asset category Depreciation method Rate/useful life Furniture and fixtures Declining balance 20% Office equipment Declining balance 20% Computer equipment Declining balance 30% Leasehold improvements Straight-line Term of lease Thermostats (in years) Straight-line 5
Disclosure of useful lives and amortisation rates for intangible assets [text block]	Intangible asset category Amortization method Rate/useful life Customer contracts Straight-line Term of contract Contract relationships Straight-line Term of contract Commodity billing and settlement system (in years) Straight-line 5 Sales network and affinity relationships (in years) Straight-line 5 - 8 Information technology system development (in years) Straight-line 3 - 5 Software (in years) Straight-line 1 Technology (in years) Straight-line 15

Note 7 - Short-term Investmen44

Note 7 - Short-term Investments (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	As at As at March 31, 2018 March 31, 2017 Fixed income $ - $ 23,872 Equities - 2,383 $ - $ 26,255

Note 9 - Trade and Other Rece45

Note 9 - Trade and Other Receivables (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of the components of trade and other receivables [text block]	As at As at March 31, 2018 March 31, 2017 Trade account receivables, net $ 332,083 $ 288,255 Accrued gas receivable 15,893 16,352 Other 47,754 64,884 $ 395,730 $ 369,491

Note 10 - Prepaid Expenses, D46

Note 10 - Prepaid Expenses, Deposits, and Other Current Assets (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of the components of prepayments and other assets [text block]	As at As at March 31, 2018 March 31, 2017 Prepaid expenses and deposits $ 64,752 $ 62,087 Green certificates 42,230 49,236 Gas delivered in excess of consumption 2,715 3,232 $ 109,697 $ 114,555

Note 12 - Property, Plant and47

Note 12 - Property, Plant and Equipment (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information about property, plant and equipment [text block]	Computer Furniture Office Thermo-stats Leasehold Total Cost: Opening balance - April 1, 2017 $ 18,672 $ 6,774 $ 14,947 $ 13,471 $ 4,517 $ 58,381 Additions 3,561 147 352 387 391 4,838 Retirements - - - (517 ) - (517 ) Exchange differences (60 ) (60 ) (90 ) (103 ) (14 ) (327 ) Ending balance, March 31, 2018 22,173 6,861 15,209 13,238 4,894 62,375 Accumulated depreciation: Opening balance - April 1, 2017 (11,600 ) (4,776 ) (10,095 ) (7,713 ) (2,515 ) (36,699 ) Depreciation charge to cost of sales - - - (3,116 ) - (3,116 ) Depreciation charge for the year (2,431 ) (262 ) (745 ) - (677 ) (4,115 ) Retirements - - - 208 - 208 Exchange differences 47 43 64 66 20 240 Ending balance, March 31, 2018 (13,984 ) (4,995 ) (10,776 ) (10,555 ) (3,172 ) (43,482 ) Net book value, March 31, 2018 $ 8,189 $ 1,866 $ 4,433 $ 2,683 $ 1,722 $ 18,893 Computer Furniture Vehicles Office Thermostats Leasehold Total Cost: Opening balance - April 1, 2016 $ 19,494 $ 7,300 $ 6 $ 23,157 $ 12,792 $ 8,913 $ 71,662 Additions 3,651 788 - 1,142 1,213 1,521 8,315 Retirements (4,531 ) (1,493 ) (6 ) (9,649 ) (594 ) (6,046 ) (22,319 ) Exchange differences 58 179 - 297 60 129 723 Ending balance, March 31, 2017 18,672 6,774 - 14,947 13,471 4,517 58,381 Accumulated depreciation: Opening balance - April 1, 2016 (11,968 ) (5,544 ) (6 ) (16,314 ) (4,985 ) (7,800 ) (46,617 ) Depreciation charge to cost of sales - - - - (2,974 ) - (2,974 ) Depreciation charge for the year (2,426 ) (409 ) - (3,183 ) - (561 ) (6,579 ) Retirements 4,531 1,493 6 9,649 281 6,046 22,006 Exchange differences (1,737 ) (316 ) - (247 ) (35 ) (200 ) (2,535 ) Ending balance, March 31, 2017 (11,600 ) (4,776 ) - (10,095 ) (7,713 ) (2,515 ) (36,699 ) Net book value, March 31, 2017 $ 7,072 $ 1,998 $ $ 4,852 $ 5,758 $ 2,002 $ 21,682

Note 13 - Intangible Assets (Ta

Note 13 - Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of reconciliation of changes in intangible assets and goodwill [text block]	Goodwill Brand Technology 1 Customer Sales Other Total Cost: Opening balance - April 1, 2017 $ 289,201 $ 31,154 $ 48,525 $ - $ 53,595 $ - $ 422,475 Acquisition of a subsidiary 14,699 - 1,409 17,387 - 347 33,842 Additions - - 30,938 - - - 30,938 Exchange differences (3,227 ) (949 ) (471 ) 640 (1,632 ) 148 (5,491 ) Ending balance, March 31, 2018 300,673 30,205 80,401 18,027 51,963 495 481,764 Accumulated amortization: Opening balance - April 1, 2017 - - (27,641 ) - (36,847 ) - (64,488 ) Amortization charge for the year - - (8,924 ) (1,309 ) (6,466 ) - (16,699 ) Exchange differences - - 256 - 1,093 - 1,349 Ending balance, March 31, 2018 - - (36,309 ) (1,309 ) (42,220 ) - (79,838 ) Net book value, March 31, 2018 $ 300,673 $ 30,205 $ 44,092 $ 16,718 $ 9,743 $ 495 $ 401,926 Gas contracts Electricity Goodwill Brand Technology Sales network Total Cost: Opening balance - April 1, 2016 $ 122,010 $ 320,185 $ 280,513 $ 30,423 $ 83,876 $ 160,243 $ 997,250 Retirements (123,204 ) (331,335 ) - - (55,296 ) (111,578 ) (621,413 ) Acquisition of a subsidiary - - 6,020 - - - 6,020 Additions - - - - 18,074 - 18,074 Exchange differences 1,194 11,150 2,668 731 1,871 4,930 22,544 Ending balance, March 31, 2017 - - 289,201 31,154 48,525 53,595 422,475 Accumulated amortization: Opening balance - April 1, 2016 (122,010 ) (320,185 ) - - (71,837 ) (137,345 ) (651,377 ) Retirements 123,204 331,335 - - 55,296 111,578 621,413 Amortization charge for the year - - - - (9,329 ) (6,612 ) (15,941 ) Exchange differences (1,194 ) (11,150 ) - - (1,771 ) (4,468 ) (18,583 ) Ending balance, March 31, 2017 - - - - (27,641 ) (36,847 ) (64,488 ) Net book value, March 31, 2017 $ - $ - $ 289,201 $ 31,154 $ 20,884 $ 16,748 $ 357,987

Note 14 - Other Non-Current A49

Note 14 - Other Non-Current Assets (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information about other non-current assets [text block]	As at As at March 31, 2018 March 31, 2017 Prepaid commission $ 17,101 $ - Income taxes recoverable 2,336 - Other 550 - $ 19,987 $ -

Note 15 - Financial Instrumen50

Note 15 - Financial Instruments (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of financial instruments at fair value through profit or loss [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 Change in fair value of derivative instruments and other Physical forward contracts and options (i) $ 400,583 $ 215,935 Financial swap contracts and options (ii) 59,710 144,288 Foreign exchange forward contracts (1,842 ) (1,756 ) Share swap (4,484 ) (98 ) 6.5% convertible bond conversion feature 7,764 14,261 Unrealized foreign exchange on 6.5% convertible bond 6,101 (4,309 ) Other derivative options 6,524 6,470 Change in fair value of derivative instruments and other $ 474,356 $ 374,791
Disclosure of detailed information about financial instruments [text block]	Financial Financial assets Financial Financial liabilities Physical forward contracts and options (i) $ 198,891 $ 60,550 $ 32,451 $ 29,003 Financial swap contracts and options (ii) 8,133 1,342 34,369 22,117 Foreign exchange forward contracts - - 1,068 505 Share swap - - 18,400 - 6.5% convertible bond conversion feature - - - 246 Other derivative options 11,745 2,770 - - As at March 31, 2018 $ 218,769 $ 64,662 $ 86,288 $ 51,871 Financial assets Financial assets Financial liabilities Financial liabilities Physical forward contracts and options $ 982 $ 983 $ 89,472 $ 124,173 Financial swap contracts and options 3,207 2,027 65,362 46,246 Foreign exchange forward contracts 565 - - 295 Share swap - - 13,916 - 6.5% convertible bond conversion feature - - - 8,010 Other derivative options 6,902 - 43 - As at March 31, 2017 $ 11,656 $ 3,010 $ 168,793 $ 178,724
Disclosure of fair value measurement of assets and liabilities [text block]	Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 283,431 $ 283,431 Derivative financial liabilities - (21,092 ) (117,067 ) (138,159 ) Total net derivative assets (liabilities) $ - $ (21,092 ) $ 166,364 $ 145,272 Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 14,666 $ 14,666 Derivative financial liabilities - (17,741 ) (329,776 ) (347,517 ) Total net derivative liabilities $ - $ (17,741 ) $ (315,110 ) $ (332,851 )
Disclosure of fair value measurement of liabilities [text block]	Year ended Year ended March 31, 2018 March 31, 2017 Balance, beginning of year $ (315,110 ) $ (638,231 ) Total gains (losses) 105,709 (42,084 ) Purchases 207,531 (30,265 ) Sales (64,464 ) 2,084 Settlements 232,698 393,386 Balance, end of year $ 166,364 $ (315,110 )
Disclosure of fair value measurement of assets [text block]	Level 1 Level 2 Level 3 Total Investment in ecobee $ - $ 32,446 $ - $ 32,446 Investment in Energy Earth - 3,900 - 3,900 Total investments $ - $ 36,314 $ - $ 36,314
Disclosure of financial assets that are either past due or impaired [text block]	March 31, 2018 March 31, 2017 Current $ 113,786 $ 96,510 1– 30 days 44,374 30,672 31–60 days 21,241 12,806 61–90 days 12,686 8,358 Over 90 days 69,207 47,059 $ 261,294 $ 195,405
Disclosure Of Allowance For Credit Losses [text block]	March 31, 2018 March 31, 2017 Balance, beginning of year $ 49,431 $ 58,789 Provision for doubtful accounts 56,300 56,041 Bad debts written off (41,802 ) (64,262 ) Foreign exchange (3,808 ) (1,137 ) Balance, end of year $ 60,121 $ 49,431
Disclosure of maturity analysis for non-derivative financial liabilities [text block]	Carrying Contractual Less than More than amount cash flows 1 year 1-3 years 4-5 years 5 years Trade and other payables $ 616,434 $ 616,434 $ 616,434 $ - $ - $ - Long-term debt 1 543,504 575,525 122,115 193,410 260,000 - Gas, electricity and non-commodity contracts 138,159 3,171,037 1,867,389 1,202,949 69,658 31,041 $ 1,298,097 $ 4,362,996 $ 2,605,938 $ 1,396,359 $ 329,658 $ 31,041 Carrying Contractual Less than More than amount cash flows 1 year 1-3 years 4-5 years 5 years Trade and other payables $ 499,169 $ 499,169 $ 499,169 $ - $ - $ - Long-term debt 1 498,088 527,743 - 367,743 160,000 - Gas, electricity and non-commodity contracts 347,517 3,397,692 1,982,896 1,189,745 188,282 36,769 $ 1,344,774 $ 4,424,604 $ 2,482,065 $ 1,557,488 $ 348,282 $ 36,769
Disclosure of maturity analysis for contractual net interest payments [text block]	Less than 1 year 1-3 years 4-5 years More than 5 years Interest payments $ 30,815 $ 41,386 $ 24,300 $ -

Note 16 - Trade and Other Pay51

Note 16 - Trade and Other Payables (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information about trade and other payables [text block]	As at As at March 31, 2018 March 31, 2017 Commodity suppliers' payables $ 209,610 $ 203,581 Accrued liabilities 135,733 140,753 Green provisions 152,542 70,955 Sales tax payable 15,794 19,241 Trade accounts payable 45,887 20,025 Payable for former JV partner (Note 18) 26,375 - Accrued gas payable 12,261 12,537 Other payables 18,232 32,077 $ 616,434 $ 499,169

Note 17 - Acquisition of Busi52

Note 17 - Acquisition of Business (Tables)	12 Months Ended
	Mar. 31, 2018
EdgePower Inc. [member]
Statement Line Items [Line Items]
Disclosure of detailed information about business combinations [text block]	Working capital $ 993 Intangible assets 15,115 Goodwill 5,879 Deferred tax liabilities (4,066 ) Total consideration $ 17,921 Cash paid, net of working capital adjustment $ 8,286 Common shares issued 8,966 Payable to seller 669 Total consideration $ 17,921
SW Direkt and SWPro [member]
Statement Line Items [Line Items]
Disclosure of detailed information about business combinations [text block]	Working capital $ 588 Property, plant and equipment 56 Intangible assets 1,172 Goodwill 4,831 Non-controlling interest (41 ) Other liabilities (221 ) Total consideration $ 6,385 Cash paid, net of working capital adjustment $ 4,221 Contingent consideration 2,164 Total consideration $ 6,385
Intell Enercare Solutions Inc. [member]
Statement Line Items [Line Items]
Disclosure of detailed information about business combinations [text block]	Intangible assets $ 877 Goodwill 9,644 Working capital (302 ) Deferred tax (232 ) Total consideration $ 9,987 Cash paid, net of estimated working capital adjustment $ 2,199 Contingent consideration 7,788 Total consideration $ 9,987

Note 18 - Non-controlling Int53

Note 18 - Non-controlling Interest (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of interests in subsidiaries [text block]	March 31, 2018 March 31, 2017 Profit (loss) allocated to non-controlling interest Just Ventures (a) $ 9,603 $ 24,558 Just Energy Deutschland GmbH (b) (305 ) (72 ) SWPro (b) - (15 ) $ 9,298 $ 24,471
Disclosure of detailed information of non-controlling interests [text block]	Just Ventures Just Energy SWPro (until August 1, 2017) Summarized financial information for 2018: Gross margin $ 38,501 $ 82 $ 78 Selling and marketing expenses 13,829 2,148 477 Profit (loss) from operations 24,672 (2,106 ) (399 ) Cash flows provided by (used in) operating activities 24,672 (2,106 ) (399 ) Cash flows used in financing activities (24,672 ) - - Summarized financial information for 2017: Just Ventures Just Energy SWPro Gross margin $ 82,357 $ 5 $ (43 ) Selling and marketing expenses 34,264 235 100 Profit (loss) from operations 48,093 (349 ) (143 ) Cash flows provided by (used in) operating activities 48,093 (349 ) (143 ) Cash flows used in financing activities (48,093 ) - -

Note 19 - Long-term Debt and 54

Note 19 - Long-term Debt and Financing (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	Maturity March 31, 2018 March 31, 2017 Credit facility (a) September 1, 2018 $ 122,115 $ 68,258 Less: Debt issue costs (a) (664 ) (2,257 ) 6.75% 100M convertible debentures (b) March 31, 2023 85,760 - 6.75% 160M convertible debentures (c) December 31, 2021 148,146 145,579 6.5% convertible bonds (d) July 29, 2019 188,147 190,486 5.75% convertible debentures (e) September 30, 2018 - 96,022 543,504 498,088 Less: Current portion (121,451 ) - 422,053 498,088
Disclosure of maturity of debt [text block]	Less than 1-3 years 4-5 years More than Total Credit facility (a) $ 122,115 $ - $ - $ - $ 122,115 6.75% $100M convertible debentures (b) - 100,000 100,000 6.75% $160M convertible debentures (c) - - 160,000 - 160,000 6.5% convertible bonds (d) - 193,410 - - 193,410 $ 122,115 $ 193,410 $ 260,000 $ - $ 575,525
Disclosure of reconciliation of liabilities arising from financing activities [text block]	As at April 1, 2017 Cash inflows / (outflows) FX Non-cash changes As at March 31, 2018 Credit facility (a) $ 66,001 $ 53,857 $ - $ 1,593 $ 121,451 6.75% $100M convertible debentures (b) - 95,869 - (10,109 ) 85,760 6.75% $160M convertible debentures (c) 145,579 - - 2,567 148,146 6.5% convertible bonds (d) 190,486 - (6,101 ) 3,761 188,147 5.75% convertible debentures (e) 96,022 (100,000 ) - 3,978 - 498,088 49,726 (6,101 ) 1,790 543,504 Less: Current portion - - - - (121,451 ) 498,088 49,726 (6,101 ) 1,790 422,053 As at April 1, 2016 Cash inflows / (outflows) FX Non-cash changes As at March 31, 2017 Credit facility (a) $ (2,980 ) $ 68,258 $ - $ 723 $ 66,001 6.75% $160M convertible debentures (c) - 152,407 - (6,828 ) 145,579 6.5% convertible bonds (d) 182,564 - 4,309 3,613 190,486 5.75% convertible debentures (e) 93,637 - - 2,385 96,022 6.0% convertible debentures (f) 311,028 (321,261 ) - 10,233 - Senior unsecured note (g) 76,294 (80,000 ) - 3,706 - 660,543 (180,596 ) 4,309 13,832 498,088
Disclosure of finance cost [text block]	2018 2017 Credit facility (a) $ 12,883 $ 10,564 6.75% $100M convertible debentures (b) 497 6.75% $160M convertible debentures (c) 12,773 7,090 6.5% convertible bonds (d) 15,753 16,418 5.75% convertible debentures (e) 9,173 8,135 6.0% convertible debentures (f) - 19,396 Loss on redemption of 6.0% convertible debentures (f) - 4,415 Senior unsecured note (g) - 10,999 Unwinding of discount and other 4,893 1,060 $ 55,972 $ 78,077

Note 20 - Provisions (Tables)

Note 20 - Provisions (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of other provisions [text block]	2018 2017 Cost Balance, beginning of year $ 8,215 $ 17,989 Provisions reversed and used during the year (3,323 ) (10,602 ) Unwinding of discount - 389 Foreign exchange impact (178 ) 439 Balance, end of year $ 4,714 $ 8,215

Note 21 - Income Taxes (Tables)

Note 21 - Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of the detailed information of income tax [text block]	2018 2017 Current tax expense $ 2,555 $ 27,123 Deferred tax expense (benefit) Origination and reversal of temporary differences $ 129,177 $ 152,945 Benefit arising from previously unrecognized tax loss or temporary difference (111,058 ) (136,837 ) Deferred tax expense 18,119 16,108 Provision for income taxes $ 20,674 $ 43,231
Disclosure of income tax reconciliation [text block]	2018 2017 Income before income taxes $ 539,248 $ 514,114 Combined statutory Canadian federal and provincial income tax rate 26.50 % 26.50 % Income tax expense based on statutory rate $ 142,901 $ 136,240 Increase (decrease) in income taxes resulting from: Benefit of mark-to-market loss and other temporary differences not recognized $ (111,058 ) $ (136,837 ) Variance between combined Canadian tax rate and the tax rate applicable to foreign earnings 1,000 40,396 Other permanent items (12,169 ) 3,432 Total income tax expense $ 20,674 $ 43,231
Disclosure of deferred taxes [text block]	2018 2017 Mark-to-market losses on derivative instruments $ 17,580 $ 28,667 Tax losses and excess of tax basis over book basis 78,825 9,893 Total deferred tax asset 96,405 38,560 Offset of deferred taxes (93,873 ) (17,292 ) Net deferred tax asset $ 2,532 $ 21,268 Partnership income deferred for tax purposes $ (6,249 ) $ (8,281 ) Mark-to-market gains on derivative instruments (54,158 ) (391 ) Book to tax differences on other assets (30,480 ) (4,476 ) Convertible debentures (2,986 ) (4,144 ) Total deferred tax liability (93,873 ) (17,292 ) Offset of deferred taxes 93,873 17,292
Disclosure of income tax, deferred tax movements [text block]	Balance Recognized Recognized in OCI Balance Partnership income deferred for tax $ (8,281 ) $ 2,032 $ - $ (6,249 ) Book to tax differences on other assets 4,269 51,864 (7,788 ) 48,345 Mark-to-market (gains) losses on derivative instruments 29,424 (66,002 ) - (36,578 ) Convertible debentures (4,144 ) 1,158 - (2,986 ) $ 21,268 $ (10,948 ) $ (7,788 ) $ 2,532 Balance Recognized Recognized in OCI Balance Partnership income deferred for tax $ (22,306 ) $ 14,025 $ - $ (8,281 ) Book to tax differences - customer contracts (5,139 ) 5,139 - - Book to tax differences on other assets 19,181 (11,557 ) (2,207 ) 5,417 Mark-to-market (gains) losses on derivative instruments 50,481 (22,205 ) - 28,276 Convertible debentures (2,634 ) (1,510 ) - (4,144 ) $ 39,583 $ (16,108 ) $ (2,207 ) $ 21,268
Disclosure of temporary difference, unused tax losses and unused tax credits [text block]	2018 2017 Losses available for carryforward $ - $ 55,745 Mark-to-market on losses on derivative instruments - 86,767 Excess of tax over book basis 15,824 14,718 Alternative minimum tax credit carryforward - 2,068
Disclosure of losses available for carryforward [text block]	2018 2029 $ - 2030 - 2031 and thereafter 138,372 Total $ 138,372

Note 22 - Shareholders' Capit57

Note 22 - Shareholders' Capital (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	Year ended Year ended March 31, 2018 March 31, 2017 Shares Amount Shares Amount Common shares: Issued and outstanding Balance, beginning of year 147,013,538 $ 1,070,076 147,183,778 $ 1,069,434 Share-based awards exercised 1,643,156 11,954 679,760 7,191 Acquisition of a subsidiary 1,415,285 8,966 - - Repurchase and cancellation of shares (1,677,827 ) (11,941 ) (850,000 ) (6,549 ) Balance, end of year 148,394,152 $ 1,079,055 147,013,538 $ 1,070,076 Preferred shares: Issued and outstanding Balance, beginning of year 4,040,000 $ 128,363 - $ - Shares issued for cash 283,300 9,260 4,040,000 132,973 Preferred shares issuance cost - (852 ) - (4,610 ) Balance, end of year 4,323,300 $ 136,771 4,040,000 $ 128,363 Shareholders' capital 152,717,452 $ 1,215,826 151,053,538 $ 1,198,439

Note 23 - Share-based Compens58

Note 23 - Share-based Compensation Plans (Tables)	12 Months Ended
	Mar. 31, 2018
Deferred share grants [member]
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of other equity instruments [text block]	2018 2017 Balance, beginning of year 117,936 147,430 Less: Granted (40,531 ) (29,494 ) Balance, end of year 77,405 117,936
Performance bonus grants [member]
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of other equity instruments [text block]	2018 2017 Balance, beginning of year 2,650,513 2,842,409 Less: Granted (812,787 ) (278,680 ) Add: Cancelled/forfeited 432,754 86,784 Balance, end of year 2,270,480 2,650,513
Restricted share grants [member]
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of other equity instruments [text block]	2018 2017 Balance, beginning of year 4,107,830 4,591,312 Less: Granted (1,716,743 ) (676,270 ) Add: Cancelled/forfeited 613,537 192,788 Balance, end of year 3,004,624 4,107,830

Note 24 - Reportable Business59

Note 24 - Reportable Business Segments (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	Consumer Commercial Consolidated division division Sales $ 2,235,093 $ 1,391,477 $ 3,626,570 Gross margin 487,591 153,336 640,927 Administrative expenses 157,513 37,186 194,699 Selling and marketing expenses 157,997 75,043 233,040 Depreciation of property, plant and equipment 3,775 340 4,115 Amortization of intangible assets 12,707 3,992 16,699 Other operating expenses 69,884 4,800 74,684 Operating profit for the year $ 85,715 $ 31,975 $ 117,690 Finance costs (55,972 ) Change in fair value of derivative instruments and other 474,356 Other income 3,174 Provision for income taxes (20,674 ) Profit for the year $ 518,574 Capital expenditures $ 32,252 $ 3,524 $ 35,776 Total goodwill $ 147,252 $ 153,421 $ 300,673 Total assets $ 1,180,741 $ 466,068 $ 1,646,809 Total liabilities $ 875,587 $ 540,479 $ 1,416,066 Consumer Commercial Consolidated division division Sales $ 2,083,833 $ 1,673,221 $ 3,757,054 Gross margin 512,919 183,052 695,971 Administrative expenses 129,882 38,551 168,433 Selling and marketing expenses 142,883 83,425 226,308 Depreciation of property, plant and equipment 6,259 320 6,579 Amortization of intangible assets 13,637 2,304 15,941 Other operating expenses 51,914 10,203 62,117 Operating profit for the year $ 168,344 $ 48,249 $ 216,593 Finance costs (78,077 ) Change in fair value of derivative instruments and other 374,791 Other income 807 Provision for income taxes (43,231 ) Profit for the year $ 470,883 Capital expenditures $ 17,681 $ 8,708 $ 26,389 Total goodwill $ 146,669 $ 142,532 $ 289,201 Total assets $ 712,899 $ 525,056 $ 1,237,955 Total liabilities $ 1,214,561 $ 172,720 $ 1,387,281
Disclosure of geographical areas [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 Canada $ 414,183 $ 476,208 United States 2,465,794 2,793,004 International 746,593 487,842 Total $ 3,626,570 $ 3,757,054 As at March 31, 2018 As at March 31, 2017 Canada $ 201,985 $ 189,911 United States 207,147 182,840 International 11,687 6,918 Total $ 420,819 $ 379,669

Note 25 - Other Expenses (Table

Note 25 - Other Expenses (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of other operating expense [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 Amortization of intangible assets $ 16,699 $ 15,941 Depreciation of property, plant and equipment 4,115 6,579 Bad debts expense 56,331 56,041 Share-based compensation 18,353 6,076 $ 95,498 $ 84,637
Disclosure of cost of sales [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 Amortization $ 3,116 $ 2,974 Direct energy costs and other 2,982,527 3,058,109 $ 2,985,643 $ 3,061,083
Disclosure of employee benefits [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 Wages, salaries and commissions $ 237,867 $ 206,499 Benefits 24,100 19,946 $ 261,967 $ 226,445

Note 26 - Impairment Testing 61

Note 26 - Impairment Testing of Goodwill and Intangible Assets With Indefinite Lives (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of intangible assets and goodwill [text block]	Consumer division Commercial division Germany Total North America UK North America UK Goodwill $ 128,502 $ 13,355 $ 153,421 $ - $ 5,395 $ 300,673 Brand 15,405 - 14,800 - - 30,205 $ 143,907 $ 13,355 $ 168,221 $ - $ 5,395 $ 330,878 Consumer Commercial Total 2017 2017 2017 Goodwill $ 146,669 $ 142,532 289,201 Brand 16,491 14,663 31,154 $ 163,160 $ 157,195 320,355

Note 27 - Earnings Per Share (T

Note 27 - Earnings Per Share (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Earnings per share [text block]	For the For the year ended year ended March 31, 2018 March 31, 2017 BASIC EARNINGS PER SHARE Profit as per consolidated statement of income $ 509,276 $ 446,412 Dividend to preferred shareholders - net of tax 8,364 1,218 Earnings available to shareholders $ 500,912 $ 445,194 Basic weighted average shares outstanding 147,039,737 147,589,186 Basic earnings per share available to shareholders $ 3.41 $ 3.02 DILUTED EARNINGS PER SHARE Earnings available to shareholders 500,912 445,194 Adjustment for dilutive impact of convertible debentures 22,407 12,776 Adjusted earnings available to shareholders $ 523,319 $ 457,970 Basic weighted average shares outstanding 147,039,737 147,589,186 Dilutive effect of: Restricted share and performance bonus grants 2,924,587 2,945,119 Deferred share grants 95,536 81,176 Convertible debentures 49,979,055 38,804,494 Shares outstanding on a diluted basis 200,038,914 189,419,975 Diluted earnings per share available to shareholders $ 2.62 $ 2.42

Note 29 - Related Party Trans63

Note 29 - Related Party Transactions and Key Management Personnel Remuneration (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of transactions between related parties [text block]	As at As at March 31, 2018 March 31, 2017 Salaries and benefits $ 8,939 $ 7,199 Share-based compensation, net 3,738 3,223 $ 12,677 $ 10,422

Note 31 - Commitments and Gua64

Note 31 - Commitments and Guarantees (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of commitments [text block]	Less than 1 1-3 years 4-5 years More than 5 Total Premises and equipment leasing $ 4,874 $ 7,388 $ 6,691 $ 7,302 $ 26,255 Gas, electricity and non-commodity contracts 1,867,383 1,202,940 69,658 31,041 3,171,022 $ 1,872,257 $ 1,210,328 $ 76,349 $ 38,343 $ 3,197,277

Note 32 - Adjustments Require65

Note 32 - Adjustments Required to Reflect Net Cash Receipts From Gas Sales (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information of adjustments required to reflect net cash receipts from gas sales [text block]	2018 2017 Changes in: Accrued gas receivable $ 459 $ (2,735 ) Gas delivered in excess of consumption 516 3,106 Accrued gas payable (276 ) 1,284 Deferred revenue (3,575 ) (2,336 ) $ (2,876 ) $ (681 )

Note 33 - Changes in Non-cash66

Note 33 - Changes in Non-cash Working Capital (Tables)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Disclosure of detailed information in changes in non-cash working capital [text block]	As at As at March 31, 2018 March 31, 2017 Accounts receivable and unbilled revenues $ (108,900 ) $ 18,069 Gas in storage 538 (9,282 ) Prepaid expenses and deposits (15,534 ) 3,361 Provisions (3,501 ) (9,774 ) Trade and other payables 90,972 (25,130 ) $ (36,425 ) $ (22,756 )

Note 2 - Operations (Details Te

Note 2 - Operations (Details Textual)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Proportion of ownership interest in associate	8.50%
Proportion of ownership interest in joint venture	50.00%

Note 4 - Significant Accounti68

Note 4 - Significant Accounting Policies (Details Textual)	12 Months Ended
	Mar. 31, 2018
Statement Line Items [Line Items]
Deferred Profit Sharing Plan, maximum matching percentage of gross earnings	2.00%
Employee Profit Sharing Plan, maximum matching percentage of gross earnings	2.00%
Employee Unit Purchase Plan, maximum matching percentage of gross earnings	3.00%
Defined contribition plan, matching percentage of gross earnings	4.00%
Maximum combined employee unit purchase plan and 401(k) plan matching percentage of gross earnings	5.00%
Maximum combined percentage of gross earnings match for employee unit purchase plan	3.00%
Maximum combined percentage of gross earnings match for 401(k) plan	2.00%
Vesting period for 402(k) plan	2 years
Vesting period for employee unit purchase plan	180 days

Note 4 - Significant Accounti69

Note 4 - Significant Accounting Policies - Useful Lives of Property, Plant, and Equipment (Details)	12 Months Ended
	Mar. 31, 2018
Fixtures and fittings [member]
Statement Line Items [Line Items]
Depreciations method	Declining balance
Useful life or depreciation rate	20%
Office equipment [member]
Statement Line Items [Line Items]
Depreciations method	Declining balance
Useful life or depreciation rate	20%
Computer equipment [member]
Statement Line Items [Line Items]
Depreciations method	Declining balance
Useful life or depreciation rate	30%
Leasehold improvements [member]
Statement Line Items [Line Items]
Depreciations method	Straight-line
Useful life or depreciation rate	Term of lease
Thermostats [member]
Statement Line Items [Line Items]
Depreciations method	Straight-line
Useful life or depreciation rate	5

Note 4 - Significant Accounti70

Note 4 - Significant Accounting Policies - Useful Lives of Intangible Assets (Details)	12 Months Ended
	Mar. 31, 2018
Customer-related intangible assets [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	Term of contract
Contract initiation costs [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	Term of contract
Commodity billing and settlement system [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	5
Sales network and affinity relationships [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	5
Sales network and affinity relationships [member] | Bottom of range [member]
Statement Line Items [Line Items]
Useful life and amortization rate	5
Sales network and affinity relationships [member] | Top of range [member]
Statement Line Items [Line Items]
Useful life and amortization rate	8
Information technology system development [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	3
Information technology system development [member] | Bottom of range [member]
Statement Line Items [Line Items]
Useful life and amortization rate	3
Information technology system development [member] | Top of range [member]
Statement Line Items [Line Items]
Useful life and amortization rate	5
Computer software [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	1
Technology-based intangible assets [member]
Statement Line Items [Line Items]
Amortization method	Straight-line
Useful life and amortization rate	15

Note 5 - Significant Accounti71

Note 5 - Significant Accounting Judgments, Estimates and Assumptions (Details Textual)	Jul. 30, 2017	Mar. 31, 2018
SW Direkt [member]
Statement Line Items [Line Items]
Proportion of ownership interests held by non-controlling interests		5.00%
Proportion of ownership interest in subsidiary		95.00%
SW Pro [member]
Statement Line Items [Line Items]
Proportion of ownership interests held by non-controlling interests		49.00%
Proportion of ownership interest in subsidiary		51.00%
Just Ventures [member]
Statement Line Items [Line Items]
Proportion of ownership interests held by non-controlling interests	50.00%

Note 6 - Accounting Standards72

Note 6 - Accounting Standards Issued But Not Yet Effective (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2018CAD ($)
Statement Line Items [Line Items]
Maximum exposure to credit risk, financial instruments to which impairment requirements in IFRS 9 are not applied	$ 11
Maximum exposure to credit risk	14
Bottom of range [member]
Statement Line Items [Line Items]
Increase (decrease) in retained earnings if IFRS 15 was adopted in the period due to capitalized incremental costs on active contracts	18
Top of range [member]
Statement Line Items [Line Items]
Increase (decrease) in retained earnings if IFRS 15 was adopted in the period due to capitalized incremental costs on active contracts	$ 22

Note 7 - Short-term Investmen73

Note 7 - Short-term Investments - Components of Short-term Investments (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Short-term investments		$ 26,255
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Fixed income [member]
Statement Line Items [Line Items]
Short-term investments		23,872
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Equity investments [member]
Statement Line Items [Line Items]
Short-term investments		$ 2,383

Note 8 - Restricted Cash (Detai

Note 8 - Restricted Cash (Details Textual) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Current restricted cash and cash equivalents	$ 3,515	$ 3,620

Note 9 - Trade and Other Rece75

Note 9 - Trade and Other Receivables - Components of Trade and Other Receivables (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Trade account receivables, net	$ 332,083	$ 288,255
Accrued gas receivable	15,893	16,352
Other	47,754	64,884
	$ 395,730	$ 369,491

Note 10 - Prepaid Expenses, D76

Note 10 - Prepaid Expenses, Deposits, and Other Current Assets - Components of Prepaid Expenses, Deposits, and Other Current Assets (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Prepaid expenses and deposits	$ 64,752	$ 62,087
Green certificates	42,230	49,236
Gas delivered in excess of consumption	2,715	3,232
	$ 109,697	$ 114,555

Note 11 - Investments (Details

Note 11 - Investments (Details Textual) - CAD ($) $ in Thousands	Aug. 10, 2012	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Purchase of investments other than investments accounted for using equity method			$ 5,394
Proportion of ownership interest in associate		8.50%
Ecobee [member]
Statement Line Items [Line Items]
Purchase of investments other than investments accounted for using equity method	$ 6,400		5,400
Proportion of ownership interest in associate		8.50%
Gains (losses) on available-for-sale financial assets		$ 20,600	0
Energy Earth [member]
Statement Line Items [Line Items]
Gains (losses) on held-to-maturity investments		1,300	0
Held-to-maturity investments		$ 3,900	$ 0

Note 12 - Property, Plant and78

Note 12 - Property, Plant and Equipment - Reconciliation of Property, Plant, and Equipment (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Statement Line Items [Line Items]
Additions	$ 35,776	$ 26,389
Property, plant and equipment, balance	18,893	21,682
Depreciation charge to cost of sales	3,116	2,974
Property, plant and equipment, balance	21,682
Computer equipment [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance	8,189	7,072
Property, plant and equipment, balance	7,072
Fixtures and fittings [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance	1,866	1,998
Property, plant and equipment, balance	1,998
Office equipment [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance	4,433	4,852
Property, plant and equipment, balance	4,852
Thermostats [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance	2,683	5,758
Property, plant and equipment, balance	5,758
Leasehold improvements [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance	1,722	2,002
Property, plant and equipment, balance	2,002
Vehicles [member]
Statement Line Items [Line Items]
Property, plant and equipment, balance
Property, plant and equipment, balance
Gross carrying amount [member]
Statement Line Items [Line Items]
Additions	4,838	8,315
Retirements	(517)	(22,319)
Exchange differences	(327)	723
Property, plant and equipment, balance	62,375	58,381	$ 71,662
Property, plant and equipment, balance	58,381	71,662
Gross carrying amount [member] | Computer equipment [member]
Statement Line Items [Line Items]
Additions	3,561	3,651
Retirements		(4,531)
Exchange differences	(60)	58
Property, plant and equipment, balance	22,173	18,672	19,494
Property, plant and equipment, balance	18,672	19,494
Gross carrying amount [member] | Fixtures and fittings [member]
Statement Line Items [Line Items]
Additions	147	788
Retirements		(1,493)
Exchange differences	(60)	179
Property, plant and equipment, balance	6,861	6,774	7,300
Property, plant and equipment, balance	6,774	7,300
Gross carrying amount [member] | Office equipment [member]
Statement Line Items [Line Items]
Additions	352	1,142
Retirements		(9,649)
Exchange differences	(90)	297
Property, plant and equipment, balance	15,209	14,947	23,157
Property, plant and equipment, balance	14,947	23,157
Gross carrying amount [member] | Thermostats [member]
Statement Line Items [Line Items]
Additions	387	1,213
Retirements	(517)	(594)
Exchange differences	(103)	60
Property, plant and equipment, balance	13,238	13,471	12,792
Property, plant and equipment, balance	13,471	12,792
Gross carrying amount [member] | Leasehold improvements [member]
Statement Line Items [Line Items]
Additions	391	1,521
Retirements		(6,046)
Exchange differences	(14)	129
Property, plant and equipment, balance	4,894	4,517	8,913
Property, plant and equipment, balance	4,517	8,913
Gross carrying amount [member] | Vehicles [member]
Statement Line Items [Line Items]
Additions
Retirements		(6)
Exchange differences
Property, plant and equipment, balance			6
Property, plant and equipment, balance		6
Accumulated depreciation, amortisation and impairment [member]
Statement Line Items [Line Items]
Retirements	208	22,006
Exchange differences	240	(2,535)
Property, plant and equipment, balance	(43,482)	(36,699)	(46,617)
Depreciation charge to cost of sales	(3,116)		(2,974)
Depreciation charge for the year	(4,115)		(6,579)
Property, plant and equipment, balance	(36,699)	(46,617)
Accumulated depreciation, amortisation and impairment [member] | Computer equipment [member]
Statement Line Items [Line Items]
Retirements		4,531
Exchange differences	47	(1,737)
Property, plant and equipment, balance	(13,984)	(11,600)	(11,968)
Depreciation charge to cost of sales
Depreciation charge for the year	(2,431)		(2,426)
Property, plant and equipment, balance	(11,600)	(11,968)
Accumulated depreciation, amortisation and impairment [member] | Fixtures and fittings [member]
Statement Line Items [Line Items]
Retirements		1,493
Exchange differences	43	(316)
Property, plant and equipment, balance	(4,995)	(4,776)	(5,544)
Depreciation charge to cost of sales
Depreciation charge for the year	(262)		(409)
Property, plant and equipment, balance	(4,776)	(5,544)
Accumulated depreciation, amortisation and impairment [member] | Office equipment [member]
Statement Line Items [Line Items]
Retirements		9,649
Exchange differences	64	(247)
Property, plant and equipment, balance	(10,776)	(10,095)	(16,314)
Depreciation charge to cost of sales
Depreciation charge for the year	(745)		(3,183)
Property, plant and equipment, balance	(10,095)	(16,314)
Accumulated depreciation, amortisation and impairment [member] | Thermostats [member]
Statement Line Items [Line Items]
Retirements	208	281
Exchange differences	66	(35)
Property, plant and equipment, balance	(10,555)	(7,713)	(4,985)
Depreciation charge to cost of sales	(3,116)		(2,974)
Depreciation charge for the year
Property, plant and equipment, balance	(7,713)	(4,985)
Accumulated depreciation, amortisation and impairment [member] | Leasehold improvements [member]
Statement Line Items [Line Items]
Retirements		6,046
Exchange differences	20	(200)
Property, plant and equipment, balance	(3,172)	(2,515)	(7,800)
Depreciation charge to cost of sales
Depreciation charge for the year	(677)		(561)
Property, plant and equipment, balance	(2,515)	(7,800)
Accumulated depreciation, amortisation and impairment [member] | Vehicles [member]
Statement Line Items [Line Items]
Retirements		6
Exchange differences
Property, plant and equipment, balance			(6)
Depreciation charge to cost of sales
Depreciation charge for the year
Property, plant and equipment, balance		$ (6)

Note 13 - Intangible Assets (De

Note 13 - Intangible Assets (Details Textual) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Intangible assets and goodwill at end of period	$ 401,926	$ 357,987
Information technology system development [member]
Statement Line Items [Line Items]
Intangible assets and goodwill at end of period	$ 19,800

Note 13 - Intangible Assets - R

Note 13 - Intangible Assets - Reconciliation of Changes in Intangible Assets (Details) - CAD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2018		Mar. 31, 2017
Statement Line Items [Line Items]
Intangible assets, balance		$ 357,987
Intangible assets, balance		401,926		$ 357,987
Goodwill [member]
Statement Line Items [Line Items]
Intangible assets, balance		289,201
Intangible assets, balance		300,673		289,201
Gas contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance
Intangible assets, balance
Brand names [member]
Statement Line Items [Line Items]
Intangible assets, balance		31,154
Intangible assets, balance		30,205	[1]	31,154
Electricity contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance
Intangible assets, balance
Technology-based intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance		20,884
Intangible assets, balance		44,092		20,884
Customer-related intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance		16,718
Sales network and affinity relationships [member]
Statement Line Items [Line Items]
Intangible assets, balance		16,748
Intangible assets, balance		9,743		16,748
Other intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance		495
Gross carrying amount [member]
Statement Line Items [Line Items]
Intangible assets, balance		422,475		997,250
Acquisition of a subsidiary		33,842		6,020
Additions		30,938		18,074
Exchange differences		(5,491)		22,544
Retirements				(621,413)
Intangible assets, balance		481,764		422,475
Gross carrying amount [member] | Goodwill [member]
Statement Line Items [Line Items]
Intangible assets, balance		289,201		280,513
Acquisition of a subsidiary		14,699		6,020
Additions
Exchange differences		(3,227)		2,668
Retirements
Intangible assets, balance		300,673		289,201
Gross carrying amount [member] | Gas contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance				122,010
Acquisition of a subsidiary
Additions
Exchange differences				1,194
Retirements				(123,204)
Intangible assets, balance
Gross carrying amount [member] | Brand names [member]
Statement Line Items [Line Items]
Intangible assets, balance		31,154		30,423
Acquisition of a subsidiary
Additions
Exchange differences		(949)		731
Retirements
Intangible assets, balance		30,205		31,154
Gross carrying amount [member] | Electricity contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance				320,185
Acquisition of a subsidiary
Additions
Exchange differences				11,150
Retirements				(331,335)
Intangible assets, balance
Gross carrying amount [member] | Technology-based intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance		48,525	[1]	83,876
Acquisition of a subsidiary		1,409	[1]
Additions		30,938	[1]	18,074
Exchange differences		(471)	[1]	1,871
Retirements				(55,296)
Intangible assets, balance	[1]	80,401		48,525
Gross carrying amount [member] | Customer-related intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance
Acquisition of a subsidiary		17,387
Additions
Exchange differences		640
Intangible assets, balance		18,027
Gross carrying amount [member] | Sales network and affinity relationships [member]
Statement Line Items [Line Items]
Intangible assets, balance		53,595		160,243
Acquisition of a subsidiary
Additions
Exchange differences		(1,632)		4,930
Retirements				(111,578)
Intangible assets, balance		51,963		53,595
Gross carrying amount [member] | Other intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance
Acquisition of a subsidiary		347
Additions
Exchange differences		148
Intangible assets, balance		495
Accumulated depreciation, amortisation and impairment [member]
Statement Line Items [Line Items]
Intangible assets, balance		(64,488)		(651,377)
Exchange differences		1,349		(18,583)
Amortization charge for the year		(16,699)		(15,941)
Retirements				621,413
Intangible assets, balance		(79,838)		(64,488)
Accumulated depreciation, amortisation and impairment [member] | Goodwill [member]
Statement Line Items [Line Items]
Intangible assets, balance
Exchange differences
Amortization charge for the year
Retirements
Intangible assets, balance
Accumulated depreciation, amortisation and impairment [member] | Gas contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance				(122,010)
Exchange differences				(1,194)
Amortization charge for the year
Retirements				123,204
Intangible assets, balance
Accumulated depreciation, amortisation and impairment [member] | Brand names [member]
Statement Line Items [Line Items]
Intangible assets, balance			[1]
Exchange differences			[1]
Amortization charge for the year			[1]
Retirements
Intangible assets, balance	[1]
Accumulated depreciation, amortisation and impairment [member] | Electricity contracts [member]
Statement Line Items [Line Items]
Intangible assets, balance				(320,185)
Exchange differences				(11,150)
Amortization charge for the year
Retirements				331,335
Intangible assets, balance
Accumulated depreciation, amortisation and impairment [member] | Technology-based intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance		(27,641)		(71,837)
Exchange differences		256		(1,771)
Amortization charge for the year		(8,924)		(9,329)
Retirements				55,296
Intangible assets, balance		(36,309)		(27,641)
Accumulated depreciation, amortisation and impairment [member] | Customer-related intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance
Exchange differences
Amortization charge for the year		(1,309)
Intangible assets, balance		(1,309)
Accumulated depreciation, amortisation and impairment [member] | Sales network and affinity relationships [member]
Statement Line Items [Line Items]
Intangible assets, balance		(36,847)		(137,345)
Exchange differences		1,093		(4,468)
Amortization charge for the year		(6,466)		(6,612)
Retirements				111,578
Intangible assets, balance		(42,220)		(36,847)
Accumulated depreciation, amortisation and impairment [member] | Other intangible assets [member]
Statement Line Items [Line Items]
Intangible assets, balance
Exchange differences
Amortization charge for the year
Intangible assets, balance
[1]	Technology includes work in progress IT projects of $19.8 million.

Note 14 - Other Non-Current A81

Note 14 - Other Non-Current Assets - Components of Non-Current Assets (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Prepaid commission	$ 17,101
Income taxes recoverable	2,336
Other	550
	$ 19,987

Note 15 - Financial Instrumen82

Note 15 - Financial Instruments (Details Textual) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Number of shares under share swap agreement	2,500,000
Value of shares under share swap agreement	$ 33,803
Foreign exchange basis curve length	5 years
Adjustment to mid-market consensus price, significant unobservable inputs, liabilities	5.00%
Currency risk [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent	5.00%
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on profit or loss	$ 15,000
Interest rate risk [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent	1.00%
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on profit or loss before taxes	$ 758	$ 332
Commodity price risk [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent	10.00%
Sensitivity analysis for types of market risk, reasonably possible increase in risk variable, impact on profit or loss before taxes	$ 228,721,000
Sensitivity analysis for types of market risk, reasonably possible decrease in risk variable, impact on profit or loss before taxes	(227,245,000)
Credit risk [member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	283,431	14,666
Supplier risk [member]
Statement Line Items [Line Items]
Financial assets, at fair value	$ 4,737	4,980
Not later than one year [member] | Bottom of range [member]
Statement Line Items [Line Items]
Percentage of forecasted cash flows hedged	50.00%
Not later than one year [member] | Top of range [member]
Statement Line Items [Line Items]
Percentage of forecasted cash flows hedged	90.00%
Later than one year and not later than two years [member] | Bottom of range [member]
Statement Line Items [Line Items]
Percentage of forecasted cash flows hedged	0.00%
Later than one year and not later than two years [member] | Top of range [member]
Statement Line Items [Line Items]
Percentage of forecasted cash flows hedged	50.00%
Equity investments [member]
Statement Line Items [Line Items]
Financial assets, at fair value	$ 36,314
Level 2 of fair value hierarchy [member] | Equity investments [member]
Statement Line Items [Line Items]
Financial assets, at fair value	$ 36,314
Level 3 of fair value hierarchy [member] | Commodity price risk [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent	10.00%
Sensitivity analysis for types of market risk, reasonably possible increase in risk variable, impact on profit or loss before taxes	$ 232,801
Sensitivity analysis for types of market risk, reasonably possible decrease in risk variable, impact on profit or loss before taxes	(231,393)
Level 3 of fair value hierarchy [member] | Equity investments [member]
Statement Line Items [Line Items]
Financial assets, at fair value
Long-term debt [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value	570,100	$ 542,000
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value	$ 100,000
Borrowings, interest rate	6.75%
The 6.75% convertible bonds [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value	$ 160,000
Borrowings, interest rate	6.75%
The 6.5% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.50%
Subordinated unsecured 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	5.75%

Note 15 - Financial Instrumen83

Note 15 - Financial Instruments - Change in Fair Value of Derivative Instruments (Details) - CAD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		$ 474,356	$ 374,791
Physical forward contracts and options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other	[1]	400,583	215,935
Financial swap contracts and options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other	[2]	59,710	144,288
Foreign exchange forward contracts [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		(1,842)	(1,756)
Share swap [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		(4,484)	(98)
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		7,764	14,261
Unrealized foreign exchange on European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		6,101	(4,309)
Other derivative options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		$ 6,524	$ 6,470
[1]	Physical forward contracts and options consist of: • Electricity contracts with a total remaining volume of 32,522,439 MWh, a weighted average price of $42.50/MWh and expiry dates up to December 31, 2027. • Natural gas contracts with a total remaining volume of 86,541,853 GJs, a weighted average price of $3.72/GJ and expiry dates up to October 31, 2023. • Renewable energy certificates ("RECs") and emission-reduction credit contracts with a total remaining volume of 3,662,766 MWh and 422,550 tonnes, respectively, a weighted average price of $27.84/REC and $2.50/tonne, respectively, and expiry dates up to December 31, 2028 and December 31, 2021. • Electricity generation capacity contracts with a total remaining volume of 5,410 MWCap, a weighted average price of $6,912.86/MWCap and expiry dates up to October 31, 2022. • Ancillary contracts with a total remaining volume of 933,679 MWh, a weighted average price of $19.45/MWh and expiry dates up to December 31, 2020.
[2]	Financial swap contracts and options consist of: Electricity contracts with a total remaining volume of 15,724,012 MWh, an average price of $49.41/MWh and expiry dates up to January 23, 2023. Natural gas contracts with a total remaining volume of 117,006,333 GJs, an average price of $3.54/GJ and expiry dates up to December 31, 2022. Electricity generation capacity contracts with a total remaining volume of 273 MWCap, a weighted average price of $4,146.69/MWCap and expiry dates up to October 31, 2020. Ancillary contracts with a total remaining volume of 962,506 MWh, a weighted average price of $13.76/MWh and expiry dates up to December 31, 2019.

Note 15 - Financial Instrumen84

Note 15 - Financial Instruments - Change in Fair Value of Derivative Instruments (Details) (Parentheticals)	Mar. 31, 2018	Mar. 31, 2017
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.50%	6.50%

Note 15 - Financial Instrumen85

Note 15 - Financial Instruments - Fair Value of Derivative Financial Assets and Liabilities (Details) - CAD ($) $ in Thousands	Mar. 31, 2018		Mar. 31, 2017
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	$ 218,769		$ 11,656
Fair value of derivative financial assets	64,662		3,010
Fair value of derivative financial liabilities, current	86,288		168,793
Non-current derivative financial liabilities	51,871		178,724
Physical forward contracts and options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	198,891	[1]	982
Fair value of derivative financial assets	60,550	[1]	983
Fair value of derivative financial liabilities, current	32,451	[1]	89,472
Non-current derivative financial liabilities	29,003	[1]	124,173
Financial swap contracts and options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	8,133	[2]	3,207
Fair value of derivative financial assets	1,342	[2]	2,027
Fair value of derivative financial liabilities, current	34,369	[2]	65,362
Non-current derivative financial liabilities	22,117	[2]	46,246
Foreign exchange forward contracts [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current			565
Fair value of derivative financial assets
Fair value of derivative financial liabilities, current	1,068
Non-current derivative financial liabilities	505		295
Share swap [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current
Fair value of derivative financial assets
Fair value of derivative financial liabilities, current	18,400		13,916
Non-current derivative financial liabilities
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current
Fair value of derivative financial assets
Fair value of derivative financial liabilities, current
Non-current derivative financial liabilities	246		8,010
Other derivative options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	11,745		6,902
Fair value of derivative financial assets	2,770
Fair value of derivative financial liabilities, current			43
Non-current derivative financial liabilities
[1]	Physical forward contracts and options consist of: • Electricity contracts with a total remaining volume of 32,522,439 MWh, a weighted average price of $42.50/MWh and expiry dates up to December 31, 2027. • Natural gas contracts with a total remaining volume of 86,541,853 GJs, a weighted average price of $3.72/GJ and expiry dates up to October 31, 2023. • Renewable energy certificates ("RECs") and emission-reduction credit contracts with a total remaining volume of 3,662,766 MWh and 422,550 tonnes, respectively, a weighted average price of $27.84/REC and $2.50/tonne, respectively, and expiry dates up to December 31, 2028 and December 31, 2021. • Electricity generation capacity contracts with a total remaining volume of 5,410 MWCap, a weighted average price of $6,912.86/MWCap and expiry dates up to October 31, 2022. • Ancillary contracts with a total remaining volume of 933,679 MWh, a weighted average price of $19.45/MWh and expiry dates up to December 31, 2020.
[2]	Financial swap contracts and options consist of: • Electricity contracts with a total remaining volume of 15,724,012 MWh, an average price of $49.41/MWh and expiry dates up to July 23, 2023. • Natural gas contracts with a total remaining volume of 117,006,333 GJs, an average price of $3.54/GJ and expiry dates up to December 31, 2022. • Electricity generation capacity contracts with a total remaining volume of 273 MWCap, a weighted average price of $4,146.69/MWCap and expiry dates up to October 31, 2020. • Ancillary contracts with a total remaining volume of 962,506 MWh, a weighted average price of $13.76/MWh and expiry dates up to December 31, 2019.

Note 15 - Financial Instrumen86

Note 15 - Financial Instruments - Fair Value Measurement Input Sensitivity (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Derivative financial assets	$ 283,431	$ 14,666
Derivative financial liabilities	(138,159)	(347,517)
Total net derivative assets (liabilities)	145,272	(332,851)
Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets
Derivative financial liabilities
Total net derivative assets (liabilities)
Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets
Derivative financial liabilities	(21,092)	(17,741)
Total net derivative assets (liabilities)	(21,092)	(17,741)
Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets	283,431	14,666
Derivative financial liabilities	(117,067)	(329,776)
Total net derivative assets (liabilities)	$ 166,364	$ (315,110)

Note 15 - Financial Instrumen87

Note 15 - Financial Instruments - Reconciliation of Level 3 Assets (Liabilities) (Details) - Level 3 of fair value hierarchy [member] - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	$ (315,110)	$ (638,231)
Total gains (losses)	105,709	(42,084)
Purchases	207,531	(30,265)
Sales	(64,464)	2,084
Settlements	232,698	393,386
Balance, end of year	$ 166,364	$ (315,110)

Note 15 - Financial Instrumen88

Note 15 - Financial Instruments - Investments (Details) - Equity investments [member] $ in Thousands	Mar. 31, 2018CAD ($)
Statement Line Items [Line Items]
Total investments	$ 36,314
Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments
Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments	36,314
Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments
Ecobee [member]
Statement Line Items [Line Items]
Total investments	32,446
Ecobee [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments
Ecobee [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments	32,446
Ecobee [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments
Energy Earth [member]
Statement Line Items [Line Items]
Total investments	3,900
Energy Earth [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments
Energy Earth [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments	3,900
Energy Earth [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Total investments

Note 15 - Financial Instrumen89

Note 15 - Financial Instruments - Aging of Accounts Receivable (Details) - Trade receivables [member] - Credit risk [member] - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Financial assets	$ 261,294	$ 195,405
Current [member]
Statement Line Items [Line Items]
Financial assets	113,786	96,510
No later than one month [member]
Statement Line Items [Line Items]
Financial assets	44,374	30,672
Later than one month and not later than two months [member]
Statement Line Items [Line Items]
Financial assets	21,241	12,806
Later than two months and not later than three months [member]
Statement Line Items [Line Items]
Financial assets	12,686	8,358
Later than three months [member]
Statement Line Items [Line Items]
Financial assets	$ 69,207	$ 47,059

Note 15 - Financial Instrumen90

Note 15 - Financial Instruments - Changes in Allowance for Doubtful Accounts (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	$ 49,431	$ 58,789
Provision for doubtful accounts	56,331	56,041
Bad debts written off	(41,802)	(64,262)
Foreign exchange	(3,808)	(1,137)
Balance, end of year	$ 60,121	$ 49,431

Note 15 - Financial Instrumen91

Note 15 - Financial Instruments - Liquidity Risk (Details) - CAD ($) $ in Thousands		Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Trade and other payables, carrying amount		$ 616,434	$ 499,169
Total borrowings		543,504	498,088
Gas, electricity and non-commodity contracts, carrying amount		138,159	347,517
Liquidity risk [member]
Statement Line Items [Line Items]
Trade and other payables, carrying amount		616,434	499,169
Trade and other payables, undiscounted cash flows		616,434	499,169
Total borrowings	[1]	543,504	498,088
Long-term debt, undiscounted cash flows	[1]	575,525	527,743
Gas, electricity and non-commodity contracts, carrying amount		138,159	347,517
Gas, electricity and non-commodity contracts, undiscounted cash flows		3,171,037	3,397,692
Total, carrying amount		1,298,097	1,344,774
Total, undiscounted cash flows		4,362,996	4,424,604
Liquidity risk [member] | Not later than one year [member]
Statement Line Items [Line Items]
Trade and other payables, undiscounted cash flows		616,434	499,169
Long-term debt, undiscounted cash flows	[1]	122,115
Gas, electricity and non-commodity contracts, undiscounted cash flows		1,867,389	1,982,896
Total, undiscounted cash flows		2,605,938	2,482,065
Liquidity risk [member] | Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Trade and other payables, undiscounted cash flows
Long-term debt, undiscounted cash flows	[1]	193,410	367,743
Gas, electricity and non-commodity contracts, undiscounted cash flows		1,202,949	1,189,745
Total, undiscounted cash flows		1,396,359	1,557,488
Liquidity risk [member] | Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Trade and other payables, undiscounted cash flows
Long-term debt, undiscounted cash flows	[1]	260,000	160,000
Gas, electricity and non-commodity contracts, undiscounted cash flows		69,658	188,282
Total, undiscounted cash flows		329,658	348,282
Liquidity risk [member] | Later than five years [member]
Statement Line Items [Line Items]
Trade and other payables, undiscounted cash flows
Long-term debt, undiscounted cash flows	[1]
Gas, electricity and non-commodity contracts, undiscounted cash flows		31,041	36,769
Total, undiscounted cash flows		$ 31,041	$ 36,769
[1]	Included in long-term debt are the 6.75% $100M convertible debentures, 6.75% convertible debentures, 6.5% convertible bonds and 5.75% convertible debentures, which may be settled through the issuance of shares at the option of the holder or Just Energy upon maturity.

Note 15 - Financial Instrumen92

Note 15 - Financial Instruments - Contractual Net Interest Payments (Details) $ in Thousands	Mar. 31, 2018CAD ($)
Not later than one year [member]
Statement Line Items [Line Items]
Interest payments	$ 30,815
Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Interest payments	41,386
Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Interest payments	24,300
Later than five years [member]
Statement Line Items [Line Items]
Interest payments

Note 16 - Trade and Other Pay93

Note 16 - Trade and Other Payables (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Commodity suppliers' payables	$ 209,610	$ 203,581
Accrued liabilities	135,733	140,753
Green provisions	152,542	70,955
Sales tax payable	15,794	19,241
Trade accounts payable	45,887	20,025
Payable for former JV partner (Note 18)	26,375
Accrued gas payable	12,261	12,537
Other payables	18,232	32,077
	$ 616,434	$ 499,169

Note 17 - Acquisition of Busi94

Note 17 - Acquisition of Business (Details Textual) $ in Thousands, $ in Millions	12 Months Ended
	Mar. 31, 2020CAD ($)	Mar. 31, 2019CAD ($)	Mar. 31, 2018CAD ($)	Feb. 28, 2018CAD ($)	Feb. 28, 2018USD ($)	Jun. 06, 2017CAD ($)	Dec. 08, 2016CAD ($)
Intell Enercare Solutions Inc. [member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired						100.00%
Total consideration transferred, acquisition-date fair value						$ 9,987
Cash transferred						2,199
Liabilities incurred						7,788
Contingent consideration, target earnings before interest, taxes, depreciation, and amortisation			$ 3,500
Contingent liabilities recognised as of acquisition date			1,300			7,800
Revenue of acquiree since acquisition date			1,495
Profit (loss) of acquiree since acquisition date			(850)
Revenue of combined entity as if combination occurred at beginning of period			1,635
Profit (loss) of combined entity as if combination occurred at beginning of period			(1,019)
Intell Enercare Solutions Inc. [member] | Major business combination, year two expectations [member]
Statement Line Items [Line Items]
Contingent consideration, target earnings before interest, taxes, depreciation, and amortisation		$ 3,000
Intell Enercare Solutions Inc. [member] | Major business combination, year three expectations [member]
Statement Line Items [Line Items]
Contingent consideration, target earnings before interest, taxes, depreciation, and amortisation	$ 2,500
Intell Enercare Solutions Inc. [member] | Bottom of range [member]
Statement Line Items [Line Items]
Total consideration transferred, acquisition-date fair value						11,000
Intell Enercare Solutions Inc. [member] | Top of range [member]
Statement Line Items [Line Items]
Liabilities incurred						$ 9,000
SW Direkt [member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired							95.00%
SW Pro [member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired							51.00%
SW Direkt and SWPro [member]
Statement Line Items [Line Items]
Total consideration transferred, acquisition-date fair value							$ 6,385
Cash transferred							4,221
Liabilities incurred							$ 2,164
Contingent liabilities recognised as of acquisition date			0
EdgePower Inc. [member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired				100.00%	100.00%
Total consideration transferred, acquisition-date fair value				$ 17,921	$ 14
Cash transferred				7,000
Liabilities incurred				669
Contingent liabilities recognised as of acquisition date			0
Revenue of acquiree since acquisition date			209
Profit (loss) of acquiree since acquisition date			112
Revenue of combined entity as if combination occurred at beginning of period			4,282
Profit (loss) of combined entity as if combination occurred at beginning of period			$ 2,469
Equity interests of acquirer				$ 8,966
EdgePower Inc. [member] | Ordinary shares [member]
Statement Line Items [Line Items]
Equity interests of acquirer					7
EdgePower Inc. [member] | Top of range [member] | Three year performance-based payout [member]
Statement Line Items [Line Items]
Liabilities incurred					$ 6

Note 17 - Acquisition of Busi95

Note 17 - Acquisition of Business - Net Assets Acquired From Intell Enercare Solutions Inc. (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Jun. 06, 2017	Mar. 31, 2017
Statement Line Items [Line Items]
Goodwill	$ 300,673		$ 289,201
Intell Enercare Solutions Inc. [member]
Statement Line Items [Line Items]
Intangible assets		$ 877
Goodwill		9,644
Working capital		(302)
Deferred tax		(232)
Total consideration		9,987
Cash transferred		2,199
Liabilities incurred		7,788
Total consideration transferred, acquisition-date fair value		$ 9,987

Note 17 - Acquisition of Busi96

Note 17 - Acquisition of Business - Net Assets Acquired From DB SWDirekt GMBH and DB SWPro GMBH (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017	Dec. 08, 2016
Statement Line Items [Line Items]
Goodwill	$ 300,673	$ 289,201
SW Direkt and SWPro [member]
Statement Line Items [Line Items]
Working capital			$ 588
Property, plant and equipment			56
Intangible assets			1,172
Goodwill			4,831
Non-controlling interest			(41)
Other liabilities			(221)
Total consideration			6,385
Cash transferred			4,221
Liabilities incurred			2,164
Total consideration transferred, acquisition-date fair value			$ 6,385

Note 17 - Acquisition of Busi97

Note 17 - Acquisition of Business - Net Assets Acquired From EdgePower Inc. (Details) $ in Thousands, $ in Millions	Mar. 31, 2018CAD ($)	Feb. 28, 2018CAD ($)	Feb. 28, 2018USD ($)	Mar. 31, 2017CAD ($)
Statement Line Items [Line Items]
Goodwill	$ 300,673			$ 289,201
EdgePower Inc. [member]
Statement Line Items [Line Items]
Working capital		$ 993
Intangible assets		15,115
Goodwill		5,879
Deferred tax		(4,066)
Total consideration		17,921
Cash paid, net of working capital adjustment		8,286
Equity interests of acquirer		8,966
Liabilities incurred		669
Total consideration transferred, acquisition-date fair value		$ 17,921	$ 14

Note 18 - Non-controlling Int98

Note 18 - Non-controlling Interest (Details Textual) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Aug. 01, 2017	Mar. 31, 2017
Statement Line Items [Line Items]
Current payables to related parties	$ 26,375
Just Ventures LLC [Member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired		50.00%
Just Ventures [member] | Red Ventures LLC [member]
Statement Line Items [Line Items]
Payables to related parties		$ 99,800
Current payables to related parties	26,400
Non-current payables to related parties	$ 56,600
SW Direkt [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	95.00%
Proportion of ownership interests held by non-controlling interests	5.00%
SW Pro [member]
Statement Line Items [Line Items]
Proportion of ownership interest in subsidiary	51.00%
Proportion of ownership interests held by non-controlling interests	49.00%
Just Ventures L.P. [member]
Statement Line Items [Line Items]
Percentage of voting equity interests acquired		50.00%

Note 18 - Non-controlling Int99

Note 18 - Non-controlling Interest - Non-controliling Interests of Subsidiaries (Details) - CAD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Profit (loss) allocated to non-controlling interest
Non-controlling interest		$ 9,298	$ 24,471
Just Ventures [member]
Profit (loss) allocated to non-controlling interest
Non-controlling interest	[1]	9,603	24,558
SW Direkt [member]
Profit (loss) allocated to non-controlling interest
Non-controlling interest	[2]	(305)	(72)
SW Pro [member]
Profit (loss) allocated to non-controlling interest
Non-controlling interest	[2]		$ (15)
[1]	On August 1, 2017, Just Energy announced that it reached an agreement with its joint venture partner, Red Ventures LLC, to end the exclusive relationship for online sales of the Just Energy brand in North America. To facilitate the transaction, Just Energy acquired the outstanding 50% interest of each of Just Ventures LLC in the United States and Just Ventures L.P. in Canada. Under the terms of the agreement, the purchase price is a function of go-forward earnings based on the current client base and is payable in quarterly installments over five years estimated at $99.8 million. As at March 31, 2018, the current liabilities amount to $26.4 million and long-term liabilities amount to $56.6 million.
[2]	Just Energy owns 95% of the issues and outstanding shares of Just Energy Deutschland GmbH and 51% of the issued and outstanding shares of db SWPro GmbH ("SWPro"), and therefore, has treated the 5% and 49%, respectively, that is not owned by Just Energy as a non-controlling interest.

Note 18 - Non-controlling In100

Note 18 - Non-controlling Interest - Summarized Financial Information (Details) - CAD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Aug. 01, 2017	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Gross margin		$ 640,927	$ 695,971
Selling and marketing expenses		233,040	226,308
Profit (loss) from operations		117,690	216,593
Cash flows provided by (used in) operating activities		62,022	150,451
Cash flows used in financing activities		(50,917)	(160,774)
SW Direkt [member]
Statement Line Items [Line Items]
Gross margin		82	5
Selling and marketing expenses		2,148	235
Profit (loss) from operations		(2,106)	(349)
Cash flows provided by (used in) operating activities		(2,106)	(349)
Cash flows used in financing activities
SW Pro [member]
Statement Line Items [Line Items]
Gross margin		78	(43)
Selling and marketing expenses		477	100
Profit (loss) from operations		(399)	(143)
Cash flows provided by (used in) operating activities		(399)	(143)
Cash flows used in financing activities
Just Ventures [member]
Statement Line Items [Line Items]
Gross margin	$ 38,501		82,357
Selling and marketing expenses	13,829		34,264
Profit (loss) from operations	24,672		48,093
Cash flows provided by (used in) operating activities	24,672		48,093
Cash flows used in financing activities	$ (24,672)		$ (48,093)

Note 19 - Long-term Debt and101

Note 19 - Long-term Debt and Financing (Details Textual) $ / shares in Units, $ / shares in Units, $ in Thousands

Apr. 18, 2018CAD ($)

Mar. 27, 2018CAD ($)

Feb. 22, 2018CAD ($)$ / shares

Feb. 21, 2017CAD ($)

Dec. 30, 2016CAD ($)

Nov. 07, 2016CAD ($)

Oct. 05, 2016CAD ($)$ / shares

Jun. 30, 2016CAD ($)

Sep. 30, 2011CAD ($)$ / shares

Mar. 31, 2016CAD ($)

Mar. 31, 2018CAD ($)

Mar. 31, 2017CAD ($)

Mar. 31, 2018USD ($)

Jan. 29, 2014$ / shares

Jan. 29, 2014USD ($)$ / shares

May 31, 2010CAD ($)

Statement Line Items [Line Items]

Total borrowings

$ 543,504

$ 498,088

Equity at end of period

230,743

(149,326)

Deferred tax liabilities

93,873

17,292

Increase (decrease) through conversion of convertible instruments, equity

22,407

12,776

Non-current derivative financial liabilities

51,871

178,724

Finance costs

55,972

78,077

Reserve of equity component of convertible instruments [member]

Statement Line Items [Line Items]

Equity at end of period

$ 25,795

13,029

13,508

Increase (decrease) through conversion of convertible instruments, equity

(7,609)

(18,186)

Share premium [member]

Statement Line Items [Line Items]

Equity at end of period

43,459

(22,693)

58,266

Increase (decrease) through conversion of convertible instruments, equity

7,126

18,328

Credit facility [member]

Statement Line Items [Line Items]

Borrowings facility, maximum borrowing capacity

$ 342,500

Increase (decrease) in borrowing facility capacity

$ 50,000

Borrowings, interest rate

3.40%

3.40%

Total borrowings

$ 122,115

68,258

[1]

Borrowings, letters of credit

113,400

109,200

Borrowings, remaining borrowing capacity

102,000

Borrowings, swing line lending available

5,000

Finance costs

[2]

$ 12,883

$ 10,564

Credit facility [member] | Debt agreement renegotiation [member]

Statement Line Items [Line Items]

Borrowings facility, maximum borrowing capacity

$ 352,500

Borrowings, additional term

2 years

Credit facility [member] | London Interbank Offered Rate (LIBOR) [member]

Statement Line Items [Line Items]

Borrowings, interest rate

3.40%

3.40%

Credit facility [member] | Prime Rate [member]

Statement Line Items [Line Items]

Borrowings, adjustment to interest rate basis

2.40%

2.40%

Credit facility [member] | Prime Rate [member] | Country of domicile [member]

Statement Line Items [Line Items]

Borrowings, interest rate

3.45%

3.45%

Credit facility [member] | Prime Rate [member] | UNITED STATES

Statement Line Items [Line Items]

Borrowings, interest rate

4.75%

4.75%

The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]

Statement Line Items [Line Items]

Borrowings, interest rate

6.75%

6.75%

[3],[4],[5],[6]

6.75%

6.75%

[3],[4],[5],[6]

Total borrowings

[7]

$ 85,760

Notional amount

$ 100,000

100,000

[3],[4],[5],[6]

100,000

Borrowings, amount of principal for each conversion

$ 1,000

Borrowings, convertible, conversion ratio

112.3596

Borrowings, convertible, conversion price | $ / shares

$ 8.90

Borrowings, convertible, threshold consecutive trading days

20 days

Borrowings, threshold trading days

5 days

Borrowings, convertible, threshold percentage of conversion price

125.00%

Borrowings, effective interest rate

10.70%

Increase (decrease) through conversion of convertible instruments, equity

$ 0

Finance costs

[8]

$ 497

The $100 million 6.75% of convertible unsecured senior subordinated debentures [member] | Reserve of equity component of convertible instruments [member]

Statement Line Items [Line Items]

Equity at end of period

9,700

Deferred tax liabilities

$ 2,600

The $100 million 6.75% of convertible unsecured senior subordinated debentures [member] | Top of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

60 days

The $100 million 6.75% of convertible unsecured senior subordinated debentures [member] | Bottom of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

30 days

Senior subordinated 6.75% convertible debentures [member]

Statement Line Items [Line Items]

Borrowings, interest rate

6.75%

6.75%

[9],[10],[11],[12]

6.75%

[9],[11]

6.75%

[9],[10],[11],[12]

Total borrowings

[13]

$ 148,146

$ 145,579

Notional amount

$ 160,000

160,000

[9],[10],[11],[12]

160,000

[9],[11]

Borrowings, amount of principal for each conversion

$ 1,000

Borrowings, convertible, conversion ratio

107.5269

Borrowings, convertible, conversion price | $ / shares

$ 9.30

Borrowings, convertible, threshold consecutive trading days

20 days

Borrowings, threshold trading days

5 days

Borrowings, convertible, threshold percentage of conversion price

125.00%

Borrowings, effective interest rate

9.10%

Increase (decrease) through conversion of convertible instruments, equity

0

Finance costs

[14]

$ 12,773

$ 7,090

Senior subordinated 6.75% convertible debentures [member] | Reserve of equity component of convertible instruments [member]

Statement Line Items [Line Items]

Equity at end of period

$ 8,000

Deferred tax liabilities

$ 2,100

Senior subordinated 6.75% convertible debentures [member] | Top of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

60 days

Senior subordinated 6.75% convertible debentures [member] | Bottom of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

30 days

European-focused senior convertible unsecured 6.5% convertible bonds [member]

Statement Line Items [Line Items]

Borrowings, interest rate

6.50%

[15],[16]

6.50%

[15],[16]

6.50%

[15],[16]

6.50%

Notional amount

$ 150,000,000

Borrowings, convertible, conversion price | (per share)

$ 10.2819

$ 9.3762

Borrowings, effective interest rate

8.80%

8.80%

Increase (decrease) through conversion of convertible instruments, equity

$ 0

Non-current derivative financial liabilities

$ 8,517,000

Finance costs

[17]

$ 15,753

$ 16,418

European-focused senior convertible unsecured 6.5% convertible bonds [member] | At fair value [member]

Statement Line Items [Line Items]

Non-current derivative financial liabilities

$ 200

Unsecured subordinated 5.75% convertible debentures [member]

Statement Line Items [Line Items]

Borrowings, interest rate

5.75%

5.75%

[18],[19],[20],[21]

5.75%

[19],[20]

5.75%

[18],[19],[20],[21]

Total borrowings

[22]

$ 96,022

Notional amount

$ 100,000

Borrowings, amount of principal for each conversion

$ 1,000

Borrowings, convertible, conversion ratio

56

Borrowings, convertible, conversion price | $ / shares

$ 17.85

Borrowings, convertible, threshold percentage of conversion price

95.00%

Borrowings redeemed

$ 99,500

Total increase (decrease) in liabilities arising from financing activities

(500)

Finance costs

[23]

$ 9,173

$ 8,135

Unsecured subordinated 5.75% convertible debentures [member] | Share premium [member]

Statement Line Items [Line Items]

Increase (decrease) through conversion of convertible instruments, equity

$ 7,100

Unsecured subordinated 5.75% convertible debentures [member] | Top of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

60 days

Unsecured subordinated 5.75% convertible debentures [member] | Bottom of range [member]

Statement Line Items [Line Items]

Borrowings, convertible, notice for redemption

30 days

Convertible extendible unsecured 6.0% subordinated debentures [member]

Statement Line Items [Line Items]

Borrowings, interest rate

6.00%

6.00%

[24],[25]

6.00%

6.00%

Notional amount

$ 330,000

Borrowings redeemed

$ 94,600

$ 225,000

Total increase (decrease) in liabilities arising from financing activities

(93,400)

(222,000)

Finance costs

1,300

3,100

[26]

$ 19,396

[26]

Convertible extendible unsecured 6.0% subordinated debentures [member] | Share premium [member]

Statement Line Items [Line Items]

Increase (decrease) through conversion of convertible instruments, equity

$ 5,400

$ 12,900

Senior unsecured 9.75% note [member]

Statement Line Items [Line Items]

Borrowings, interest rate

9.75%

9.75%

Notional amount

$ 105,000

Borrowings redeemed

$ 55,000

$ 25,000

$ 25,000

Finance costs

$ 10,999

[1]

As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.

[2]

As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.

[3]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[4]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[5]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[6]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[7]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[8]

On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.

[9]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[10]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[11]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[12]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[13]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[14]

On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.

[15]

On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

[16]

On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

[17]

On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

[18]

In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

[19]

In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

[20]

In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

[21]

On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

[22]

In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

[23]

In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

[24]

In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.

[25]

In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.

[26]

In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.

Note 19 - Long-term Debt and102

Note 19 - Long-term Debt and Financing - Components of Long-term Debt (Details) - CAD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Debt		$ 543,504	$ 498,088
Less: Current portion		(121,451)
		422,053	498,088
Credit facility [member]
Statement Line Items [Line Items]
Debt		122,115	68,258	[1]
Less: Debt issue costs (a)	[1]	(664)	(2,257)
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Debt	[2]	85,760
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Debt	[3]	148,146	145,579
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Debt	[4]	188,147	190,486
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Debt	[5]		$ 96,022
[1]	As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[5]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.

Note 19 - Long-term Debt and103

Note 19 - Long-term Debt and Financing - Components of Long-term Debt (Details) (Parentheticals) - CAD ($) $ in Thousands	Mar. 31, 2018		Feb. 22, 2018	Mar. 31, 2017		Oct. 05, 2016	Sep. 30, 2011
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Interest rate	6.75%	[1],[2],[3],[4]	6.75%	6.75%
Face amount	$ 100,000	[1],[2],[3],[4]	$ 100,000	$ 100,000
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Interest rate	6.75%	[5],[6],[7],[8]		6.75%	[5],[7]	6.75%
Face amount	$ 160,000	[5],[6],[7],[8]		$ 160,000	[5],[7]	$ 160,000
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Interest rate	6.50%	[9]		6.50%
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Interest rate	5.75%	[10],[11],[12],[13]		5.75%	[11],[12]		5.75%
Face amount							$ 100,000
[1]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[5]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[6]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[7]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[8]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[9]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[10]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[11]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[12]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[13]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

Note 19 - Long-term Debt and104

Note 19 - Long-term Debt and Financing - Future Annual Minimum Repayments (Details) $ in Thousands	Mar. 31, 2018CAD ($)
Statement Line Items [Line Items]
Future annual minimum repayments	$ 575,525
Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments	122,115	[1]
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	100,000	[2]
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	160,000	[3]
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	193,410	[4]
Not later than one year [member]
Statement Line Items [Line Items]
Future annual minimum repayments	122,115
Not later than one year [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments	122,115	[1]
Not later than one year [member] | The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[2]
Not later than one year [member] | Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Not later than one year [member] | Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[4]
Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Future annual minimum repayments	193,410
Later than one year and not later than three years [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[1]
Later than one year and not later than three years [member] | The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[2]
Later than one year and not later than three years [member] | Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Later than one year and not later than three years [member] | Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	193,410	[4]
Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Future annual minimum repayments	260,000
Later than four years and not later than five years [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[1]
Later than four years and not later than five years [member] | The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	100,000	[2]
Later than four years and not later than five years [member] | Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments	160,000	[3]
Later than four years and not later than five years [member] | Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[4]
Later than five years [member]
Statement Line Items [Line Items]
Future annual minimum repayments
Later than five years [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[1]
Later than five years [member] | The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[2]
Later than five years [member] | Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Later than five years [member] | Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[4]
[1]	As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

Note 19 - Long-term Debt and105

Note 19 - Long-term Debt and Financing - Future Annual Minimum Repayments (Details) (Parentheticals) - CAD ($) $ in Thousands	Mar. 31, 2018		Feb. 22, 2018	Mar. 31, 2017		Oct. 05, 2016	Sep. 30, 2011
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Notional amount	$ 100,000	[1],[2],[3],[4]	$ 100,000	$ 100,000
Borrowings, interest rate	6.75%	[1],[2],[3],[4]	6.75%	6.75%
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Notional amount	$ 160,000	[5],[6],[7],[8]		$ 160,000	[6],[7]	$ 160,000
Borrowings, interest rate	6.75%	[5],[6],[7],[8]		6.75%	[6],[7]	6.75%
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Notional amount							$ 100,000
Borrowings, interest rate	5.75%	[9],[10],[11],[12]		5.75%	[10],[11]		5.75%
[1]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[5]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[6]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[7]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[8]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[9]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[10]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[11]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[12]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.

Note 19 - Long-term Debt and106

Note 19 - Long-term Debt and Financing - Long- Term Debt (Details) - CAD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Cash inflows (outflows)		$ 49,726
FX		(6,101)
Non-cash changes		1,790
Long-term debt, balance		543,504	$ 498,088
Long-term debt, balance		498,088
Long-term borrowings [member]
Statement Line Items [Line Items]
Cash inflows (outflows)		49,726	(180,596)
FX		(6,101)	4,309
Non-cash changes		1,790	13,832
Long-term debt, balance		422,053	498,088
Long-term debt, balance		498,088	660,543
Short-term borrowings [member]
Statement Line Items [Line Items]
Cash inflows (outflows)
FX
Non-cash changes
Long-term debt, balance		121,451
Long-term debt, balance
Credit facility [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[1]	53,857	68,258
FX	[1]
Non-cash changes	[1]	1,593	723
Long-term debt, balance	[1]	121,451	66,001
Long-term debt, balance	[1]	66,001	(2,980)
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[2]	95,869
FX	[2]
Non-cash changes	[2]	(10,109)
Long-term debt, balance	[2]	85,760
Long-term debt, balance	[2]
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[3]		152,407
FX	[3]
Non-cash changes	[3]	2,567	(6,828)
Long-term debt, balance	[3]	148,146	145,579
Long-term debt, balance	[3]	145,579
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[4]
FX	[4]	(6,101)	4,309
Non-cash changes	[4]	3,761	3,613
Long-term debt, balance	[4]	188,147	190,486
Long-term debt, balance	[4]	190,486	182,564
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[5]	(100,000)
FX	[5]
Non-cash changes	[5]	3,978	2,385
Long-term debt, balance	[5]		96,022
Long-term debt, balance	[5]	96,022	93,637
Convertible extendible unsecured 6.0% subordinated debentures [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[6]		(321,261)
FX	[6]
Non-cash changes	[6]		10,233
Long-term debt, balance	[6]
Long-term debt, balance	[6]		311,028
Senior unsecured 9.75% note [member]
Statement Line Items [Line Items]
Cash inflows (outflows)	[7]		(80,000)
FX	[7]
Non-cash changes	[7]		3,706
Long-term debt, balance	[7]
Long-term debt, balance	[7]		$ 76,294
[1]	As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[5]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[6]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.
[7]	The senior unsecured note was originally issued in the amount of $105 million bearing interest at 9.75% and maturing in June 2018. Just Energy early redeemed $25 million on March 31, 2016 and June 30, 2016, respectively, with the remaining $55 million repaid on October 5, 2016.

Note 19 - Long-term Debt and107

Note 19 - Long-term Debt and Financing - Long- Term Debt (Details) (Parentheticals) $ in Thousands	Mar. 31, 2018CAD ($)		Feb. 22, 2018CAD ($)	Mar. 31, 2017CAD ($)		Oct. 05, 2016CAD ($)	Jan. 29, 2014USD ($)	Sep. 30, 2011CAD ($)	May 31, 2010CAD ($)
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Interest rate	6.75%	[1],[2],[3],[4]	6.75%	6.75%
Face amount	$ 100,000	[1],[2],[3],[4]	$ 100,000	$ 100,000
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Interest rate	6.75%	[5],[6],[7],[8]		6.75%	[5],[7]	6.75%
Face amount	$ 160,000	[5],[6],[7],[8]		$ 160,000	[5],[7]	$ 160,000
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Interest rate	6.50%	[9],[10]		6.50%	[9],[10]		6.50%
Face amount							$ 150,000,000
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Interest rate	5.75%	[11],[12],[13],[14]		5.75%	[12],[13]			5.75%
Face amount								$ 100,000
Convertible extendible unsecured 6.0% subordinated debentures [member]
Statement Line Items [Line Items]
Interest rate	6.00%			6.00%	[15],[16]				6.00%
Face amount									$ 330,000
[1]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[5]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[6]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[7]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[8]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[9]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[10]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[11]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[12]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[13]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[14]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[15]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.
[16]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.

Note 19 - Long-term Debt and108

Note 19 - Long-term Debt and Financing - Finance costs (Details) - CAD ($) $ in Thousands		Feb. 21, 2017	Nov. 07, 2016	Mar. 31, 2018		Mar. 31, 2017
Statement Line Items [Line Items]
Finance costs				$ 55,972		$ 78,077
Unwinding of discount and other				4,893		1,060
Credit facility [member]
Statement Line Items [Line Items]
Finance costs	[1]			12,883		10,564
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Finance costs	[2]			497
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Finance costs	[3]			12,773		7,090
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Finance costs	[4]			15,753		16,418
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Finance costs	[5]			9,173		8,135
Convertible extendible unsecured 6.0% subordinated debentures [member]
Statement Line Items [Line Items]
Finance costs		$ 1,300	$ 3,100		[6]	19,396	[6]
Loss on redemption of 6.0% convertible debentures [member]
Statement Line Items [Line Items]
Finance costs	[7]					4,415
Senior unsecured 9.75% note [member]
Statement Line Items [Line Items]
Finance costs						$ 10,999
[1]	As at March 31, 2018, Just Energy has a $342.5 million credit facility to meet working capital requirements, which includes an increase to the capacity by $50 million for a letter of credit facility (the "LC facility"), effective December 30, 2016. The principal amount outstanding under the LC facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. The syndicate of lenders includes Shell Energy North America (Canada) Inc./Shell Energy North America (U.S.), L.P., Canadian Imperial Bank of Commerce ("CIBC"), National Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, JP Morgan Chase Bank, N.A. and Canadian Western Bank. Interest is payable on outstanding loans at rates that vary with Bankers’ Acceptance rates, LIBOR, Canadian bank prime rate or U.S. prime rate. Under the terms of the operating credit facility, Just Energy is able to make use of Bankers’ Acceptances and LIBOR advances at stamping fees of 3.40%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.40% and letters of credit are at a rate of 3.40%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at March 31, 2018, the Canadian prime rate was 3.45% and the U.S. prime rate was 4.75%. Just Energy has drawn $122.1 million against the facility and the total letters of credit outstanding as of the current period amounted to $113.4 million (2017 - $109.2 million). As at March 31, 2018, Just Energy has $102 million of the facility remaining as well as a $5 million swing line with CIBC for future working capital and/or security requirements. Just Energy’s obligations under the credit facility are supported by guarantees of certain subsidiaries and affiliates and secured by a general security agreement and a pledge of the assets and securities of Just Energy and the majority of its operating subsidiaries and affiliates excluding, primarily, the international operations. Just Energy is required to meet a number of financial covenants under the various debt agreements. As at March 31, 2018, the Company was compliant with all of these covenants. Subsequent to March 31, 2018, the Company has renegotiated an agreement with a syndicate of lenders to extend Just Energy’s credit facility for an additional two years to September 1, 2020. For further details please refer to Note 34 to the consolidated financial statements.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[5]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[6]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.
[7]	The senior unsecured note was originally issued in the amount of $105 million bearing interest at 9.75% and maturing in June 2018. Just Energy early redeemed $25 million on March 31, 2016 and June 30, 2016, respectively, with the remaining $55 million repaid on October 5, 2016.

Note 19 - Long-term Debt and109

Note 19 - Long-term Debt and Financing - Finance costs (Details) (Parentheticals) $ in Thousands	Mar. 31, 2018CAD ($)		Feb. 22, 2018CAD ($)	Mar. 31, 2017CAD ($)		Oct. 05, 2016CAD ($)	Jan. 29, 2014USD ($)	Sep. 30, 2011CAD ($)	May 31, 2010CAD ($)
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.75%	[1],[2],[3],[4]	6.75%	6.75%
Notional amount	$ 100,000	[1],[2],[3],[4]	$ 100,000	$ 100,000
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.75%	[5],[6],[7],[8]		6.75%	[5],[7]	6.75%
Notional amount	$ 160,000	[5],[6],[7],[8]		$ 160,000	[5],[7]	$ 160,000
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.50%	[9],[10]		6.50%	[9],[10]		6.50%
Notional amount							$ 150,000,000
Unsecured subordinated 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	5.75%	[11],[12],[13],[14]		5.75%	[12],[13]			5.75%
Notional amount								$ 100,000
Convertible extendible unsecured 6.0% subordinated debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate	6.00%			6.00%	[15],[16]				6.00%
Notional amount									$ 330,000
[1]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[2]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[3]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[4]	On February 22, 2018, Just Energy issued $100 million of convertible unsecured senior subordinated debentures (the "6.75% $100 million convertible debentures"). The 6.75% $100 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on March 31 and September 30 in each year, and have a maturity date of March 31, 2023. Each $1,000 principal amount of the 6.75% $100 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 112.3596 common shares of Just Energy, representing a conversion price of $8.90, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $100 million convertible debentures will not be redeemable at the option of the Company on or before March 31, 2021. After March 31, 2021 and prior to March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after March 31, 2022, the 6.75% $100 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.6 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $100 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $100 million over the term of the 6.75% $100 million convertible debentures using an effective interest rate of 10.7%. If the 6.75% $100 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $100 million convertible debentures have been converted or redeemed as at March 31, 2018.
[5]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[6]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[7]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days’ prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders' equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[8]	On October 5, 2016, Just Energy issued $160 million of convertible unsecured senior subordinated debentures (the "6.75% $160 million convertible debentures"). The 6.75% $160 million convertible debentures bear interest at an annual rate of 6.75%, payable semi-annually in arrears on June 30 and December 31 in each year, and have a maturity date of December 31, 2021. Each $1,000 principal amount of the 6.75% $160 million convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 107.5269 common shares of Just Energy, representing a conversion price of $9.30, subject to certain anti-dilution provisions. Holders who convert their debentures will receive accrued and unpaid interest for the period from and including the date of the latest interest payment up to, but excluding, the date of conversion. The 6.75% $160 million convertible debentures will not be redeemable at the option of the Company on or before December 31, 2019. After December 31, 2019 and prior to December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest, provided that the weighted average trading price of the common shares of Just Energy on the Toronto Stock Exchange (the "TSX") for the 20 consecutive trading days ending five trading days preceding the date on which the notice of redemption is given is at least 125% of the conversion price. On or after December 31, 2020, the 6.75% $160 million convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days' and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The conversion feature of the 6.75% $160 million convertible debentures has been accounted for as a separate component of shareholders’ equity in the amount of $8.0 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred tax liability of $2.1 million and reduced the equity component of the convertible debentures by this amount. The remainder of the net proceeds of the 6.75% $160 million convertible debentures has been recorded as long-term debt, which is being accreted up to the face value of $160 million over the term of the 6.75% $160 million convertible debentures using an effective interest rate of 9.1%. If the 6.75% $160 million convertible debentures are converted into common shares, the value of the conversion will be reclassified to share capital along with the principal amount converted. No amounts of the 6.75% $160 million convertible debentures have been converted or redeemed as at March 31, 2018.
[9]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[10]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[11]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[12]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[13]	In September 2011, Just Energy issued $100 million of convertible unsecured subordinated debentures (the "5.75% convertible debentures"), which was used to fund an acquisition. The 5.75% convertible debentures bear interest at an annual rate of 5.75%, payable semi-annually on March 31 and September 30 in each year, and have a maturity date of September 30, 2018. Each $1,000 principal amount of the 5.75% convertible debentures is convertible at the option of the holder at any time prior to the close of business on the earlier of the maturity date and the last business day immediately preceding the date fixed for redemption into 56.0 common shares of Just Energy, representing a conversion price of $17.85. On or after September 30, 2016, the 5.75% convertible debentures may be redeemed in whole or in part from time to time at the option of the Company on not more than 60 days’ and not less than 30 days' prior notice, at a price equal to their principal amount plus accrued and unpaid interest. The Company may, at its option, on not more than 60 days' and not less than 30 days' prior notice, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation to repay all or any portion of the principal amount of the 5.75% convertible debentures that are to be redeemed or that are to mature, by issuing and delivering to the holders thereof that number of freely tradable common shares determined by dividing the principal amount of the 5.75% convertible debentures being repaid by 95% of the current market price on the date of redemption or maturity, as applicable. On March 27, 2018, Just Energy redeemed the 5.75% convertible debentures. Of the amount paid, $99.5 million was recorded as a reduction in the liability component of the 5.75% convertible debentures, a non-cash loss on early redemption of $0.5 million was classified as finance costs, and $7.1 million was recorded as an increase in contributed surplus.
[14]	On January 29, 2014, Just Energy issued US$150 million of European-focused senior convertible unsecured convertible bonds (the "6.5% convertible bonds"). The 6.5% convertible bonds bear interest at an annual rate of 6.5%, payable semi-annually in arrears in equal installments on January 29 and July 29 in each year, and have a maturity date of July 29, 2019. A Conversion Right in respect of a bond may be exercised, at the option of the holder thereof, at any time from May 30, 2014 to July 7, 2019. The initial conversion price is US$9.3762 per common share (being C$10.2819) but is subject to adjustments. In the event of the exercise of a Conversion Right, the Company may, at its option, subject to applicable regulatory approval and provided no event of default has occurred and is continuing, elect to satisfy its obligation in cash equal to the market value of the underlying shares to be received. As a result of the debt being denominated in a different functional currency than that of Just Energy, the conversion feature is recorded as a financial liability instead of a component of equity. Therefore, the conversion feature of the 6.5% convertible bonds has been accounted for as a separate financial liability with an initial value of US$8,517. The remainder of the net proceeds of the 6.5% convertible bonds has been recorded as long-term debt, which is being accreted up to the face value of $150.0 million over the term of the 6.5% convertible bonds using an effective interest rate of 8.8%. At each reporting period, the conversion feature is recorded at fair value with changes in fair value recorded through profit or loss. As at March 31, 2018, the fair value of this conversion feature is US$0.2 million and is included in other non-current financial liabilities. No amounts of the 6.5% convertible bonds have been converted or redeemed as at March 31, 2018.
[15]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.
[16]	In May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures (the "6.0% convertible debentures"). The 6.0% convertible debentures bear interest at a rate of 6.0% per annum payable semi-annually in arrears on June 30 and December 31, with an original maturity date of June 30, 2017. On November 7, 2016, Just Energy redeemed $225 million of the 6.0% convertible debentures. Of the amount paid, $222 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $3.1 million was classified as finance costs, and $12.9 million was recorded as an increase in contributed surplus. On February 21, 2017, Just Energy redeemed $94.6 million of the 6.0% convertible debentures. Of the amount paid, $93.4 million was recorded as a reduction in the liability component of the 6.0% convertible debentures, a non-cash loss on early redemption of $1.3 million was classified as finance costs, and $5.4 million was recorded as an increase in contributed surplus.

Note 20 - Provisions - Componen

Note 20 - Provisions - Components of Provisions (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	$ 8,215	$ 17,989
Provisions reversed and used during the year	(3,323)	(10,602)
Unwinding of discount		389
Foreign exchange impact	(178)	439
Balance, end of year	$ 4,714	$ 8,215

Note 21 - Income Taxes (Details

Note 21 - Income Taxes (Details Textual)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Applicable tax rate	26.50%	26.50%

Note 21 - Income Taxes - Compon

Note 21 - Income Taxes - Components of Tax Expenses (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Current tax expense	$ 2,555	$ 27,123
Deferred tax expense (benefit)
Origination and reversal of temporary differences	129,177	152,945
Benefit arising from previously unrecognized tax loss or temporary difference	(111,058)	(136,837)
Deferred tax expense	18,119	16,108
Provision for income taxes	$ 20,674	$ 43,231

Note 21 - Income Taxes - Reconc

Note 21 - Income Taxes - Reconciliation of the Effective Tax Rate (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Income before income taxes	$ 539,248	$ 514,114
Combined statutory Canadian federal and provincial income tax rate	26.50%	26.50%
Income tax expense based on statutory rate	$ 142,901	$ 136,240
Increase (decrease) in income taxes resulting from:
Benefit of mark-to-market loss and other temporary differences not recognized	(111,058)	(136,837)
Variance between combined Canadian tax rate and the tax rate applicable to foreign earnings	1,000	40,396
Other permanent items	(12,169)	3,432
Provision for income taxes	$ 20,674	$ 43,231

Note 21 - Income Taxes - Recogn

Note 21 - Income Taxes - Recognized Deferred Tax Assets and Liabilities (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Total deferred tax asset	$ 96,405	$ 38,560
Offset of deferred taxes	(93,873)	(17,292)
Net deferred tax asset	2,532	21,268
Total deferred tax liability	(93,873)	(17,292)
Offset of deferred taxes	93,873	17,292
Mark to market gains (losses) on derivative instruments [member]
Statement Line Items [Line Items]
Total deferred tax asset	17,580	28,667
Total deferred tax liability	(54,158)	(391)
Tax losses and excess of tax basis over book basis [member]
Statement Line Items [Line Items]
Total deferred tax asset	78,825	9,893
Partnership income deferred for tax [member]
Statement Line Items [Line Items]
Total deferred tax liability	(6,249)	(8,281)
Book to tax differences on other assets [member]
Statement Line Items [Line Items]
Total deferred tax liability	(30,480)	(4,476)
Convertible debentures [member]
Statement Line Items [Line Items]
Total deferred tax liability	$ (2,986)	$ (4,144)

Note 21 - Income Taxes - Moveme

Note 21 - Income Taxes - Movement in Deferred Tax Balances (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Recognized in profit or loss	$ (10,948)	$ (16,108)
Cumulative Translation Adjustment	(7,788)	(2,207)
Balance	2,532	21,268
Balance	21,268	39,583
Partnership income deferred for tax [member]
Statement Line Items [Line Items]
Recognized in profit or loss	2,032	14,025
Cumulative Translation Adjustment
Balance	(6,249)	(8,281)
Balance	(8,281)	(22,306)
Book to tax differences on other assets [member]
Statement Line Items [Line Items]
Recognized in profit or loss	51,864	(11,557)
Cumulative Translation Adjustment	(7,788)	(2,207)
Balance	48,345	4,269
Balance	4,269	19,181
Book to tax differences - customer contracts [member]
Statement Line Items [Line Items]
Recognized in profit or loss		5,139
Cumulative Translation Adjustment
Balance
Balance		(5,139)
Mark to market gains (losses) on derivative instruments [member]
Statement Line Items [Line Items]
Recognized in profit or loss	(66,002)	(22,205)
Cumulative Translation Adjustment
Balance	(36,578)	29,424
Balance	29,424	50,481
Convertible debentures [member]
Statement Line Items [Line Items]
Recognized in profit or loss	1,158	(1,510)
Cumulative Translation Adjustment
Balance	(2,986)	(4,144)
Balance	$ (4,144)	$ (2,634)

Note 21 - Income Taxes - Unreco

Note 21 - Income Taxes - Unrecognized Deferred Tax Assets (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Excess of tax over book basis	$ 15,824	$ 14,718
Alternative minimum tax credit carryforward		2,068
Losses available for carryforward [member]
Statement Line Items [Line Items]
Deferred tax assets not reflected		55,745
Mark to market gains (losses) on derivative instruments [member]
Statement Line Items [Line Items]
Deferred tax assets not reflected		$ 86,767

Note 21 - Income Taxes - Losses

Note 21 - Income Taxes - Losses Available for Carryforward (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Total deferred tax asset	$ 96,405	$ 38,560
Unused tax losses [member]
Statement Line Items [Line Items]
Total deferred tax asset	138,372
Unused tax losses [member] | Later than ten years and not later than eleven years [member]
Statement Line Items [Line Items]
Total deferred tax asset
Unused tax losses [member] | Later than eleven years and not later than twelve years [member]
Statement Line Items [Line Items]
Total deferred tax asset
Unused tax losses [member] | Later than twelve years [member]
Statement Line Items [Line Items]
Total deferred tax asset	$ 138,372

Note 22 - Shareholders' Capi118

Note 22 - Shareholders' Capital (Details Textual) $ / shares in Thousands, $ in Thousands	Feb. 07, 2017USD ($)shares	Mar. 31, 2018CAD ($)	Mar. 31, 2017CAD ($)	Mar. 16, 2018	Mar. 03, 2018$ / sharesshares
Statement Line Items [Line Items]
Par value per share | $ / shares					$ 0
Proceeds from issue of preference shares		$ 9,260	$ 132,973
Payments to acquire or redeem entity's shares		11,941	6,549
Subordinated unsecured 5.75% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate				5.75%
Preference shares [member]
Statement Line Items [Line Items]
Number of shares authorised | shares					50,000,000
Series A fixed-to-floating rate cumulative redeemable perpetual preferred shares issued in a public offering [member]
Statement Line Items [Line Items]
Number of shares issued and fully paid | shares	4,000,000
Expected dividend, preference share	8.50%
Weighted average share price	$ 25
Proceeds from issue of preference shares	$ 100,000,000
Series A fixed-to-floating rate cumulative redeemable perpetual preferred shares issued in a private placement [member]
Statement Line Items [Line Items]
Number of shares issued and fully paid | shares	40,000
Weighted average share price	$ 25
Proceeds from issue of preference shares	$ 1,000,000
Normal course issuer bid for convertible debentures and common shares [member]
Statement Line Items [Line Items]
Maximum percentage allowable for repurchase of outstanding public float				10.00%
Payments to acquire or redeem entity's shares		$ 11,900	$ 0

Note 22 - Shareholders' Capi119

Note 22 - Shareholders' Capital - Classes of Share Capital (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Balance	$ (149,326)
Balance	$ 230,743	$ (149,326)
Issued capital [member]
Statement Line Items [Line Items]
Balance (in shares)	151,053,538
Balance	$ 1,198,439
Balance (in shares)	152,717,452	151,053,538
Balance	$ 1,215,826	$ 1,198,439
Ordinary shares [member]
Statement Line Items [Line Items]
Balance (in shares)	147,013,538	147,183,778
Balance	$ 1,070,076	$ 1,069,434
Share-based awards exercised (in shares)	1,643,156	679,760
Share-based units exercised	$ 11,954	$ 7,191
Acquisition of a subsidiary (in shares)	1,415,285
Acquisition of subsidiary	$ 8,966
Repurchase and cancellation of shares (in shares)	(1,677,827)	(850,000)
Repurchase and cancellation of shares	$ (11,941)	$ (6,549)
Balance (in shares)	148,394,152	147,013,538
Balance	$ 1,079,055	$ 1,070,076
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Balance	1,070,076	1,069,434
Share-based units exercised	11,954	7,191
Acquisition of subsidiary	8,966
Repurchase and cancellation of shares	(11,941)	(6,549)
Balance	$ 1,079,055	$ 1,070,076
Preference shares [member]
Statement Line Items [Line Items]
Balance (in shares)	4,040,000
Balance	$ 128,363
Balance (in shares)	4,323,300	4,040,000
Balance	$ 136,771	$ 128,363
Shares issued for cash (in shares)	283,300	4,040,000
Shares issued	$ 9,260	$ 132,973
Shares issuance costs	(852)	(4,610)
Preference shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Balance	128,363
Balance	136,771	128,363
Shares issued	9,260	132,973
Shares issuance costs	$ (852)	$ (4,610)

Note 23 - Share-based Compen120

Note 23 - Share-based Compensation Plans (Details Textual)	12 Months Ended
	Mar. 31, 2018CAD ($)shares	Mar. 31, 2017CAD ($)shares	Mar. 31, 2018	Mar. 31, 2018CAD ($)	Mar. 31, 2017	Mar. 31, 2016shares
Statement Line Items [Line Items]
Maximum number of options available for grant | shares	11,300,000
Number of options available for grant remaining | shares	814,166
Number of share options outstanding in share-based payment arrangement at end of period			500,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period				$ 7.88
Number of share options granted in share-based payment arrangement	0
Restricted share grants [member]
Statement Line Items [Line Items]
Number of other equity instruments available for grant in a share-based payment arrangement			3,004,624		4,107,830	4,591,312
Number of other equity instruments outstanding in share-based payment arrangement at end of period			1,635,882		1,668,780
Number of common shares issued on vesting of one unit of other equity instrument | shares	1
Number of other equity instruments granted in share-based payment arrangement	1,716,743	676,270
Weighted average exercise price of other equity instruments granted in share-based payment arrangement	$ 6.94	$ 7.91
Restricted share grants [member] | Senior management [member]
Statement Line Items [Line Items]
Number of other equity instruments granted in share-based payment arrangement	420,000
Performance bonus grants [member]
Statement Line Items [Line Items]
Number of other equity instruments available for grant in a share-based payment arrangement	2,270,480	2,650,513	2,270,480		2,650,513	2,842,409
Number of other equity instruments outstanding in share-based payment arrangement at end of period			1,050,094		1,158,025
Number of other equity instruments granted in share-based payment arrangement	812,787	278,680
Weighted average exercise price of other equity instruments granted in share-based payment arrangement	$ 7.08	$ 7.96
Number of performance payments	3
Percentage payout of performance payments	33.00%
Deferred share grants [member]
Statement Line Items [Line Items]
Number of other equity instruments available for grant in a share-based payment arrangement	77,405	117,936	77,405		117,936	147,430
Number of other equity instruments outstanding in share-based payment arrangement at end of period			114,949		93,506
Vesting period, other equity instruments granted	3
Number of other equity instruments granted in share-based payment arrangement	40,531	29,494
Weighted average exercise price of other equity instruments granted in share-based payment arrangement	$ 6.32	$ 7.54
Annual deferred share grants compensation percentage	15.00%
Bottom of range [member]
Statement Line Items [Line Items]
Vesting period, share options granted	3
Option life, share options granted	5
Bottom of range [member] | Restricted share grants [member]
Statement Line Items [Line Items]
Vesting period, other equity instruments granted	1
Top of range [member]
Statement Line Items [Line Items]
Vesting period, share options granted	5
Option life, share options granted	10
Top of range [member] | Restricted share grants [member]
Statement Line Items [Line Items]
Vesting period, other equity instruments granted	5
Instrument life, other equity instruments granted	10
Top of range [member] | Performance bonus grants [member]
Statement Line Items [Line Items]
Instrument life, other equity instruments granted	3
Top of range [member] | Deferred share grants [member]
Statement Line Items [Line Items]
Instrument life, other equity instruments granted	10

Note 23 - Share-Based Compen121

Note 23 - Share-Based Compensation Plans - Restricted Share Grants Available for Grant (Details) - Restricted share grants [member]	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	4,107,830	4,591,312
Less: Granted	(1,716,743)	(676,270)
Add: Cancelled/forfeited	613,537	192,788
Balance, end of year	3,004,624	4,107,830

Note 23 - Share- Based Compensa

Note 23 - Share- Based Compensation Plans - Performance Bonus Grants Available for Grant (Details) - Performance bonus grants [member]	12 Months Ended
	Mar. 31, 2018shares	Mar. 31, 2018	Mar. 31, 2017shares	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	2,650,513	2,650,513	2,842,409
Less: Granted		(812,787)		(278,680)
Add: Cancelled/forfeited		432,754		86,784
Balance, end of year	2,270,480	2,270,480	2,650,513	2,650,513

Note 23 - Share-based Compen123

Note 23 - Share-based Compensation Plans - Deferred Share Grants Available for Grant (Details) - Deferred share grants [member]	12 Months Ended
	Mar. 31, 2018shares	Mar. 31, 2018	Mar. 31, 2017shares	Mar. 31, 2017
Statement Line Items [Line Items]
Balance, beginning of year	117,936	117,936	147,430
Less: Granted		(40,531)		(29,494)
Balance, end of year	77,405	77,405	117,936	117,936

Note 24 - Reportable Busines124

Note 24 - Reportable Business Segments - Components of Segments (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Sales	$ 3,626,570	$ 3,757,054
Gross margin	640,927	695,971
Administrative expenses	194,699	168,433
Selling and marketing expenses	233,040	226,308
Depreciation of property, plant and equipment	4,115	6,579
Amortization of intangible assets	16,699	15,941
Other operating expenses	74,684	62,117
Profit (loss) from operations	117,690	216,593
Finance costs	(55,972)	(78,077)
Change in fair value of derivative instruments and other	474,356	374,791
Other income	3,174	807
Provision for income taxes	(20,674)	(43,231)
Profit for the year	518,574	470,883
Capital expenditures	35,776	26,389
Goodwill	300,673	289,201
Total assets	1,646,809	1,237,955
Total liabilities	1,416,066	1,387,281
Consumer division [member]
Statement Line Items [Line Items]
Sales	2,235,093	2,083,833
Gross margin	487,591	512,919
Administrative expenses	157,513	129,882
Selling and marketing expenses	157,997	142,883
Depreciation of property, plant and equipment	3,775	6,259
Amortization of intangible assets	12,707	13,637
Other operating expenses	69,884	51,914
Profit (loss) from operations	85,715	168,344
Finance costs
Change in fair value of derivative instruments and other
Other income
Provision for income taxes
Profit for the year
Capital expenditures	32,252	17,681
Goodwill	147,252	146,669
Total assets	1,180,741	712,899
Total liabilities	875,587	1,214,561
Commercial division [member]
Statement Line Items [Line Items]
Sales	1,391,477	1,673,221
Gross margin	153,336	183,052
Administrative expenses	37,186	38,551
Selling and marketing expenses	75,043	83,425
Depreciation of property, plant and equipment	340	320
Amortization of intangible assets	3,992	2,304
Other operating expenses	4,800	10,203
Profit (loss) from operations	31,975	48,249
Finance costs
Change in fair value of derivative instruments and other
Other income
Provision for income taxes
Profit for the year
Capital expenditures	3,524	8,708
Goodwill	153,421	142,532
Total assets	466,068	525,056
Total liabilities	$ 540,479	$ 172,720

Note 24 - Reportable Busines125

Note 24 - Reportable Business Segments - Geographical Disclosure (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Sales	$ 3,626,570	$ 3,757,054
Non-current assets	420,819	379,669
CANADA
Statement Line Items [Line Items]
Sales	414,183	476,208
Non-current assets	201,985	189,911
UNITED STATES
Statement Line Items [Line Items]
Sales	2,465,794	2,793,004
Non-current assets	207,147	182,840
International [member]
Statement Line Items [Line Items]
Sales	746,593	487,842
Non-current assets	$ 11,687	$ 6,918

Note 25 - Other Expenses - Othe

Note 25 - Other Expenses - Other Operating Expenses (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Amortization of intangible assets	$ 16,699	$ 15,941
Depreciation of property, plant and equipment	4,115	6,579
Provision for doubtful accounts	56,331	56,041
Share-based compensation	18,353	6,076
	$ 95,498	$ 84,637

Note 25 - Other Expenses - Comp

Note 25 - Other Expenses - Components of Cost of Sales (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Amortization	$ 3,116	$ 2,974
Direct energy costs and other	2,982,527	3,058,109
	$ 2,985,643	$ 3,061,083

Note 25 - Other Expenses - Empl

Note 25 - Other Expenses - Employee Benefits Expense (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Wages, salaries and commissions	$ 237,867	$ 206,499
Benefits	24,100	19,946
	$ 261,967	$ 226,445

Note 26 - Impairment Testing129

Note 26 - Impairment Testing of Goodwill and Intangible Assets With Indefinite Lives (Details Textual)	Mar. 31, 2018
Statement Line Items [Line Items]
Expected rate of return on investment	8.5

Note 26 - Impairment Testing130

Note 26 - Impairment Testing of Goodwill and Intangible Assets With Indefinite Lives - Intangible Assets and Goodwill (Details) - CAD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Goodwill	$ 300,673	$ 289,201
Brand	30,205	31,154
	401,926	357,987
Goodwill and brand names [member]
Statement Line Items [Line Items]
	330,878	320,355
GERMANY
Statement Line Items [Line Items]
Goodwill	5,395
Brand
GERMANY | Goodwill and brand names [member]
Statement Line Items [Line Items]
	5,395
Consumer division [member]
Statement Line Items [Line Items]
Goodwill	147,252	146,669
Brand		16,491
Consumer division [member] | Goodwill and brand names [member]
Statement Line Items [Line Items]
		163,160
Consumer division [member] | The North America [member]
Statement Line Items [Line Items]
Goodwill	128,502
Brand	15,405
Consumer division [member] | The North America [member] | Goodwill and brand names [member]
Statement Line Items [Line Items]
	143,907
Consumer division [member] | UNITED KINGDOM
Statement Line Items [Line Items]
Goodwill	13,355
Brand
Consumer division [member] | UNITED KINGDOM | Goodwill and brand names [member]
Statement Line Items [Line Items]
	13,355
Commercial division [member]
Statement Line Items [Line Items]
Goodwill	153,421	142,532
Brand		14,663
Commercial division [member] | Goodwill and brand names [member]
Statement Line Items [Line Items]
		$ 157,195
Commercial division [member] | The North America [member]
Statement Line Items [Line Items]
Goodwill	153,421
Brand	14,800
Commercial division [member] | The North America [member] | Goodwill and brand names [member]
Statement Line Items [Line Items]
	168,221
Commercial division [member] | UNITED KINGDOM
Statement Line Items [Line Items]
Goodwill
Brand
Commercial division [member] | UNITED KINGDOM | Goodwill and brand names [member]
Statement Line Items [Line Items]

Note 27 - Earnings Per Share -

Note 27 - Earnings Per Share - Components of Earning Per Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
BASIC EARNINGS PER SHARE
Profit as per consolidated statement of income	$ 509,276	$ 446,412
Dividend to preferred shareholders - net of tax	8,364	1,218
Earnings available to shareholders	$ 500,912	$ 445,194
Basic weighted average shares outstanding (in shares)	147,039,737	147,589,186
Basic earnings per share available to shareholders (in CAD per share)	$ 3.41	$ 3.02
DILUTED EARNINGS PER SHARE
Earnings available to shareholders	$ 500,912	$ 445,194
Increase (decrease) through conversion of convertible instruments, equity	22,407	12,776
Adjusted earnings available to shareholders	$ 523,319	$ 457,970
Basic weighted average shares outstanding (in shares)	147,039,737	147,589,186
Restricted share and performance bonus grants (in shares)	2,924,587	2,945,119
Deferred share grants (in shares)	95,536	81,176
Convertible debentures (in shares)	49,979,055	38,804,494	[1]
Shares outstanding on a diluted basis (in shares)	200,038,914	189,419,975
Diluted earnings per share available to shareholders (in CAD per share)	$ 2.62	$ 2.42
[1]	The assumed conversion into shares results in an anti-dilutive position in the prior year; therefore, this item has not been included in the computation of dilutive earnings per share.

Note 29 - Related Party Tran132

Note 29 - Related Party Transactions and Key Management Personnel Remuneration (Details Textual)	Mar. 31, 2018	Mar. 31, 2017
Key management personnel of entity or parent [member] | Restricted share grants and performance bonus grants [member]
Statement Line Items [Line Items]
Number of other equity instruments outstanding in share-based payment arrangement at end of period	1,774,094	2,126,745

Note 29 - Related Party Tran133

Note 29 - Related Party Transactions and Key Management Personnel Remuneration - Components of Expenses (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Salaries and benefits	$ 8,939	$ 7,199
Share-based compensation, net	3,738	3,223
	$ 12,677	$ 10,422

Note 30 - Dividends Paid (Detai

Note 30 - Dividends Paid (Details Textual) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018CAD ($)$ / shares	Mar. 31, 2018$ / shares	Mar. 31, 2017CAD ($)$ / shares
Ordinary shares [member]
Statement Line Items [Line Items]
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | $ / shares	$ 0.50		$ 0.50
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners	$ 74,881		$ 75,094
Preference shares [member]
Statement Line Items [Line Items]
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | (per share)		$ 2.125	$ 0.3128
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners	$ 11,380		$ 1,657

Note 31 - Commitments and Gu135

Note 31 - Commitments and Guarantees (Details Textual) $ in Thousands	12 Months Ended
	Mar. 31, 2018CAD ($)	Mar. 31, 2017CAD ($)
Credit facility [member]
Statement Line Items [Line Items]
Borrowings, letters of credit	$ 113,400	$ 109,200
Surety bond [member]
Statement Line Items [Line Items]
Estimated financial effect of contingent liabilities	56,500
Contingent liability for guarantees [member]
Statement Line Items [Line Items]
Estimated financial effect of contingent liabilities	$ 78,600
Bottom of range [member]
Statement Line Items [Line Items]
Leasing period	1
Top of range [member]
Statement Line Items [Line Items]
Leasing period	8

Note 31 - Commitments and Gu136

Note 31 - Commitments and Guarantees - Commitments (Details) $ in Thousands	Mar. 31, 2018CAD ($)
Statement Line Items [Line Items]
Premises and equipment leasing	$ 26,255
Gas, electricity and non-commodity contracts	3,171,022
	3,197,277
Not later than one year [member]
Statement Line Items [Line Items]
Premises and equipment leasing	4,874
Gas, electricity and non-commodity contracts	1,867,383
	1,872,257
Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Premises and equipment leasing	7,388
Gas, electricity and non-commodity contracts	1,202,940
	1,210,328
Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Premises and equipment leasing	6,691
Gas, electricity and non-commodity contracts	69,658
	76,349
Later than five years [member]
Statement Line Items [Line Items]
Premises and equipment leasing	7,302
Gas, electricity and non-commodity contracts	31,041
	$ 38,343

Note 32 - Adjustments Requir137

Note 32 - Adjustments Required to Reflect Net Cash Receipts From Gas Sales - Schedule of Adjustments (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Accrued gas receivable	$ 459	$ (2,735)
Gas delivered in excess of consumption	516	3,106
Accrued gas payable	(276)	1,284
Deferred revenue	(3,575)	(2,336)
	$ (2,876)	$ (681)

Note 33 - Changes in Non-cas138

Note 33 - Changes in Non-cash Working Capital - Components of changes in Non-cash Working Capital (Details) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Line Items [Line Items]
Accounts receivable and unbilled revenues	$ (108,900)	$ 18,069
Gas in storage	538	(9,282)
Prepaid expenses and deposits	(15,534)	3,361
Provisions	(3,501)	(9,774)
Trade and other payables	90,972	(25,130)
	$ (36,425)	$ (22,756)

Note 34 - Subsequent Events (De

Note 34 - Subsequent Events (Details Textual) - Credit facility [member] - CAD ($) $ in Thousands	Apr. 18, 2018	Mar. 31, 2018
Statement Line Items [Line Items]
Borrowings facility, maximum borrowing capacity		$ 342,500
Debt agreement renegotiation [member]
Statement Line Items [Line Items]
Borrowings, additional term	2 years
Borrowings facility, maximum borrowing capacity	$ 352,500
Borrowings, debt accordion	$ 370,000