Just Energy (JENGQ) 6-K 12 Nov 20 2021 Q2 Just Energy Group Inc. Interim Condensed Consolidated Statements of Financial Position Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Sep. 30, 2020
Document Information [Line Items]
Entity Registrant Name	Just Energy Group Inc.
Entity Central Index Key	0001538789
Current Fiscal Year End Date	--03-31
Document Type	6-K
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Interim Condensed Consolidated

Interim Condensed Consolidated Statements of Financial Position (Current Period Unaudited) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Current assets
Cash and cash equivalents	$ 77,965	$ 26,093
Restricted cash	245	4,326
Trade and other receivables, net	356,092	403,907
Gas in storage	21,366	6,177
Fair value of derivative financial assets	38,652	36,353
Income taxes recoverable	10,099	6,641
Other current assets	154,471	203,270
Total current assets	658,890	686,767
Assets classified as held for sale	2,452	7,611
Noncurrent assets, excluding assets held for sale	661,342	694,378
Non-current assets
Investments	32,889	32,889
Property and equipment, net	21,968	28,794
Intangible assets, net	90,292	98,266
Goodwill	268,006	272,692
Fair value of derivative financial assets	22,466	28,792
Deferred income tax assets	3,415	3,572
Other non-current assets	37,289	56,450
Total non-current assets	476,325	521,455
TOTAL ASSETS	1,137,667	1,215,833
Current liabilities
Trade and other payables	568,913	685,665
Deferred revenue	9,547	852
Income taxes payable	2,665	5,799
Fair value of derivative financial liabilities	101,478	113,438
Provisions	6,127	1,529
Current portion of long-term debt	3,958	253,485
Total current liabilities	692,688	1,060,768
Liabilities associated with assets classified as held for sale	2,445	4,906
Non-current liabilities other than liabilities included in disposal groups classified as held for sale	695,133	1,065,674
Non-current liabilities
Long-term debt	496,035	528,518
Fair value of derivative financial liabilities	86,526	76,268
Deferred income tax liabilities	2,715	2,931
Other non-current liabilities	28,007	37,730
Total non-current liabilities	613,283	645,447
TOTAL LIABILITIES	1,308,416	1,711,121
SHAREHOLDERS’ DEFICIT
Shareholders’ capital	1,537,110	1,246,829
Equity component of convertible debentures		13,029
Contributed deficit	(12,828)	(29,826)
Accumulated deficit	(1,781,683)	(1,809,557)
Accumulated other comprehensive income	87,067	84,651
Non-controlling interest	(415)	(414)
TOTAL SHAREHOLDERS’ DEFICIT	(170,749)	(495,288)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 1,137,667	$ 1,215,833

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Income (Loss) (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Sales	$ 649,602	$ 768,440	$ 1,242,736	$ 1,438,605
Cost of goods sold	428,891	843,788	752,888	1,301,729
GROSS MARGIN	220,711	(75,348)	489,848	136,876
Administrative	(43,957)	(41,466)	(82,099)	(82,269)
Selling and marketing	(47,912)	(54,279)	(94,871)	(115,983)
Other operating expenses	(20,765)	(39,842)	(40,676)	(75,607)
Finance costs	(29,744)	(28,451)	(51,597)	(51,997)
Restructuring costs	(7,118)		(7,118)
Gain on Recapitalization transaction, net	52,152		50,341
Unrealized gain (loss) of derivative instruments and other	(84,968)	65,463	(7,619)	(176,536)
Realized gain (loss) of derivative instruments	(85,457)	236,500	(219,903)	156,568
Other income (expense), net	(2,425)	28,825	(3,057)	28,085
Profit (loss) from continuing operations before income taxes	(49,483)	91,402	33,249	(180,863)
Provision for (recovery of) income taxes	673	2,053	1,307	(241)
PROFIT (LOSS) FROM CONTINUING OPERATIONS	(50,156)	89,349	31,942	(180,622)
Loss from discontinued operations	(1,210)	(9,809)	(4,158)	(14,998)
PROFIT (LOSS) FOR THE PERIOD	(51,366)	79,540	27,784	(195,620)
Shareholders of Just Energy	(50,040)	89,363	32,055	(180,588)
Discontinued operations	(1,210)	(9,809)	(4,158)	(14,998)
Non-controlling interest	$ (116)	$ (14)	$ (113)	$ (34)
Basic (in CAD per share)	$ (4.37)	$ 9.05	$ 2.99	$ (18.38)
Diluted (in CAD per share)	(4.37)	8.97	2.97	(18.38)
Basic (in CAD per share)	(0.10)	(0.99)	(0.39)	(1.53)
Diluted (in CAD per share)	(0.10)	(0.99)	(0.39)	(1.53)
Basic (in CAD per share)	(4.47)	8.06	2.60	(19.91)
Diluted (in CAD per share)	$ (4.47)	$ 7.98	$ 2.58	$ (19.91)

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Profit (Loss) for the period	$ (51,366)	$ 79,540	$ 27,784	$ (195,620)
Unrealized gain (loss) on translation of foreign operations, net of tax	(349)	8,801	794	1,782
Unrealized gain on translation of foreign operations from discontinued operations	363		789	4,721
Gain on translation of foreign operations disposed and reclassified to consolidated statement of income (loss)			833
Other comprehensive income, net of tax, exchange differences on translation	14	8,801	2,416	6,503
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD, NET OF TAX	(51,352)	88,341	30,200	(189,117)
Total comprehensive income (loss) attributable to:
Shareholders of Just Energy	(51,236)	88,355	30,313	(189,084)
Non-controlling interest	(116)	(14)	(113)	(34)
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD, NET OF TAX	$ (51,352)	$ 88,341	$ 30,200	$ (189,117)

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Changes In Shareholders' Equity (Deficit) (Unaudited) - CAD ($) $ in Thousands	Retained earnings attributable to accumulated earnings (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 (deficit) [member]	Non-controlling interests [member]	Total
Balance, beginning of period at Mar. 31, 2019	$ 450,032	$ (1,923,808)		$ 79,093	$ 1,088,538	$ 146,965		$ 13,029	$ (25,540)	$ (399)
Statement Line Items [Line Items]
Profit (Loss) for the period	(195,586)									(34)	$ (195,620)
Balance, end of period at Sep. 30, 2019	254,446	(1,949,167)	$ (1,694,721)	85,596	1,098,569	146,965	$ 1,245,534	13,029	(31,798)	(384)	(382,744)
Statement Line Items [Line Items]
Dividends and distributions declared and paid		(25,359)
Other comprehensive income				6,503
Issuance of shares due to Recapitalization
Issuance cost associated with Recapitalization
Share-based units exercised					10,031				(10,031)
Settled with common shares
Settled with common shares											195,620
Add: Share-based compensation expense									8,784
Discontinued operations									254
Transferred from equity component
Less: Share-based units exercised					10,031				(10,031)
Share-based compensation adjustment									(3,450)
Non-cash deferred share grant distributions									(1,815)
Foreign exchange impact on non-controlling interest										49
Profit (loss) for the period	(195,586)									(34)	(195,620)
Balance, beginning of period at Mar. 31, 2019	450,032	(1,923,808)		79,093	1,088,538	146,965		13,029	(25,540)	(399)
Balance, end of period at Mar. 31, 2020	140,446	(1,950,003)		84,651	1,099,864	146,965	1,246,829	13,029	(29,826)	(414)	(495,288)
Statement Line Items [Line Items]
Issuance of shares due to Recapitalization
Issuance cost associated with Recapitalization
Share-based units exercised					11,326
Settled with common shares
Less: Share-based units exercised					11,326
Profit (Loss) for the period	27,897									(113)	27,784
Balance, end of period at Sep. 30, 2020	168,343	(1,950,026)	$ (1,781,683)	87,067	1,537,110		$ 1,537,110		(12,828)	(415)	(170,749)
Statement Line Items [Line Items]
Dividends and distributions declared and paid		$ (23)
Other comprehensive income				$ 2,416
Issuance of shares due to Recapitalization					438,642
Issuance cost associated with Recapitalization					(1,572)
Share-based units exercised					176				(176)
Settled with common shares						$ (146,965)
Settled with common shares								$ (13,029)			(27,784)
Add: Share-based compensation expense									4,122
Discontinued operations
Transferred from equity component									13,029
Less: Share-based units exercised					$ 176				(176)
Share-based compensation adjustment
Non-cash deferred share grant distributions									$ 23
Foreign exchange impact on non-controlling interest										112
Profit (loss) for the period	$ 27,897									$ (113)	$ 27,784

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING
Profit (loss) from continuing operations before income taxes	$ 33,249	$ (180,863)
Profit (loss) from discontinued operations before income taxes	(4,158)	(15,034)
Profit (loss) before income taxes	29,091	(195,897)
Items not affecting cash
Amortization of intangible assets	8,618	14,463
Depreciation of property, plant and equipment	4,453	6,630
Share-based compensation expense	4,122	8,784
Financing charges, non-cash portion	16,576	11,130
Unrealized (gain) loss in fair value of derivative instruments and other	7,619	176,536
Gain from Recapitalization transaction, net	(76,972)
Net change in working capital balances	36,123	87,198
Adjustment for discontinued operations	931	(34,967)
Income taxes paid	(7,763)	(6,100)
Cash inflow from operating activities	22,798	67,777
INVESTING
Purchase of property and equipment	(44)	(624)
Purchase of intangible assets	(4,629)	(5,577)
Payments for previously acquired business		(12,013)
Cash outflow from investing activities	(4,673)	(18,214)
FINANCING
Dividends/distributions paid		(25,335)
Repayment of long-term debt	(3,252)	(2,203)
Leased asset payments	(2,085)	(2,989)
Debt issuance costs	(6,625)	83
Share swap payout	(21,488)
Credit facility withdrawal (repayment)	(30,093)	1,239
Proceeds from issuance of common stock, net	100,969
Cash inflow (outflow) from financing activities	37,426	(29,205)
Effect of foreign currency translation on cash balances	(3,679)	(204)
Net cash inflow	51,872	20,154
Cash and cash equivalents, beginning of period	26,093	9,927
Cash and cash equivalents, end of period	77,965	30,081
Supplemental cash flow information:
Interest paid	$ 43,880	$ 41,706

Note 1 - Organization

Note 1 - Organization	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of general information about financial statements [text block]	1. ORGANIZATION Just Energy Group Inc. (“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 November 11, 2020.

Note 2 - Operations

Note 2 - Operations	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Nature of operations [text block]	2. OPERATIONS Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Currently operating in the United States (“U.S.”) and Canada, Just Energy serves both 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, Filter Group Inc. (“Filter Group”), Hudson Energy, Interactive Energy Group, Tara Energy and TerraPass. Just Energy's current commodity product offerings include fixed, variable, index and flat rate options. 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 Through the Filter Group business, Just Energy provides subscription-based home water filtration systems to residential customers, including under-counter and whole-home water filtration solutions. Just Energy also offers green products through its JustGreen program. The JustGreen electricity product offers customers the option of having all or a portion of their electricity sourced from renewable green sources such as wind, solar, hydropower or biomass. The JustGreen gas product offers carbon offset credits that allow customers to reduce or eliminate the carbon footprint of their homes or businesses. Additional green products offered through TerraPass allow customers to offset their carbon footprint without buying energy commodity products and can be offered in all states and provinces without being dependent on energy deregulation. Just Energy markets its product offerings through multiple sales channels including brokers, digital and telesales marketing, door-to-door, retail and affinity relationships. In March 2019, June 2019, three December 31, 2019 16. April 2020, September 30, 2020, On September 28, 2020, 9 12.

Note 3 - Financial Statement Pr

Note 3 - Financial Statement Presentation	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of basis of preparation of financial statements [text block]	3. FINANCIAL STATEMENT PRESENTATION (a) Compliance with IFRS These Interim Financial Statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, March 31, 2020 (b) Basis of presentation and interim reporting These Interim Financial Statements should be read in conjunction with and follow the same accounting policies and methods of application as those used in the annual audited consolidated financial statements for the fiscal years ended March 31, 2020 2019. The Interim Financial Statements are presented in Canadian dollars, the functional currency of Just Energy, and all values are rounded to the nearest thousand, except where otherwise indicated. The Interim Financial Statements are prepared on a going concern basis under the historical cost convention, except for certain financial assets and liabilities that are stated at fair value. The interim operating results are not may March 31, 2021, October March April September. January March July September October December April June. Certain figures in the comparative consolidated financial statements have been reclassified from statements previously presented to conform to the presentation of the current period's Interim Financial Statements. Principles of consolidation The Interim Financial Statements include the accounts of Just Energy and its directly or indirectly owned subsidiaries and affiliates as at September 30, 2020. (c) Significant accounting judgments, estimates, and assumptions The preparation of the Interim Financial Statements requires the use of estimates and assumptions to be made in applying the accounting policies that affect the reported amount of assets, liabilities, income and expenses. The estimates and related assumptions based on previous experience and other factors are 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 no March 31, 2020 COVID- 19 As a result of the continued and uncertain economic and business impact of the coronavirus disease (“COVID- 19” 19 no September 30, 2020, may 19 19 may 19 19

Note 4 - Accounting Policies an

Note 4 - Accounting Policies and New Standards Adopted	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	4. ACCOUNTING POLICIES AND NEW STANDARDS ADOPTED Adoption of International Financial Reporting Interpretations Committee (“IFRIC”) Agenda Decision 11, 11” The IFRIC reached a decision on Agenda Decision 11 March 5 6, 2019. 9 The Company reviewed the agenda decision and determined that a change was required in its accounting policy related to contracts to buy or sell a non-financial item that can be settled net in cash or another financial instrument, or by exchanging financial instruments. These are contracts the Company enters into that are accounted for as derivatives at fair value through profit or loss but physically settled by the underlying non-financial item. The IFRIC concluded that IFRS 9 Prior to the adoption of Agenda Decision 11, 11, 11, three six September 30, 2019, $230.7 $613.1 $1,150.9 $843.8 $1,301.7 11

Note 5 - Trade and Other Receiv

Note 5 - Trade and Other Receivables, Net	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of trade and other receivables [text block]	5. TRADE AND OTHER RECEIVABLES, NET (a) Trade and other receivables As at As at Sept. 30, 2020 March 31, 2020 Trade accounts receivable, net $ 188,364 $ 241,969 Accrued gas receivables 1,119 7,224 Unbilled revenues, net 102,650 121,993 Commodity receivables and other 63,959 32,721 $ 356,092 $ 403,907 (b) Aging of accounts receivable Customer credit risk The lifetime expected credit loss reflects Just Energy's best estimate of losses on the accounts receivable and unbilled revenue balances. Just Energy determines the lifetime expected credit loss by using historical loss rates and forward-looking factors if applicable. Just Energy is exposed to customer credit risk on its continuing operations in Alberta, Texas, Illinois (gas), California and Ohio (electricity). 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 of the above markets. In the remaining markets, the local distribution companies (“LDCs”) provide collection services and assume the risk of any bad debts owing from Just Energy's customers for a fee that is recorded in cost of goods sold. Management believes that the risk of the LDCs failing to deliver payment to Just Energy is minimal. There is no The aging of the trade accounts receivable from the markets where the Company bears customer credit risk was as follows: As at As at Sept. 30, 2020 March 31, 2020 Current $ 81,219 $ 83,431 1–30 days 19,924 26,678 31–60 days 5,709 6,513 61–90 days 2,615 5,505 Over 90 days 14,198 35,252 $ 123,665 $ 157,379 (c) Allowance for doubtful accounts Changes in the allowance for doubtful accounts related to the balances in the table above were as follows: As at As at Sept. 30, 2020 March 31, 2020 Balance, beginning of period $ 45,832 $ 182,365 Provision for doubtful accounts 23,602 80,050 Bad debts written off (41,794 ) (138,514 ) Foreign exchange 5,400 3,124 Assets classified as held for sale - (81,193 ) Balance, end of period $ 33,040 $ 45,832 Allowance for doubtful accounts on accounts receivable $ 30,642 $ 43,127 Allowance for doubtful accounts on unbilled revenue 2,398 2,705 Total allowance for doubtful accounts $ 33,040 $ 45,832

Note 6 - Other Current and Non-

Note 6 - Other Current and Non-current Assets	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of prepayments and other assets [text block]	6. OTHER CURRENT AND NON-CURRENT ASSETS As at As at (a) Other current assets Sept. 30, 2020 March 31, 2020 Prepaid expenses and deposits $ 14,385 $ 55,972 Customer acquisition costs 66,713 77,939 Green certificates assets 63,772 63,728 Gas delivered in excess of consumption 6,255 2,393 Inventory 3,346 3,238 $ 154,471 $ 203,270 As at As at (b) Other non-current assets Sept. 30, 2020 March 31, 2020 Customer acquisition costs $ 28,932 $ 43,686 Other long-term assets 8,357 12,764 $ 37,289 $ 56,450

Note 7 - Financial Instruments

Note 7 - Financial Instruments	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of financial instruments [text block]	7. 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 unrealized gains (losses) related to Just Energy's derivative financial instruments classified as fair value through profit or loss and recorded on the interim condensed 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 unrealized loss in fair value of derivative instruments and other on the interim condensed consolidated statements of income (loss). Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Physical forward contracts and options (i) $ (115,147 ) $ 95,536 $ (66,767 ) $ (129,438 ) Financial swap contracts and options (ii) 42,544 (27,679 ) 70,665 (43,314 ) Foreign exchange forward contracts (3,028 ) 1,926 (9,079 ) 1,699 Share swap - (7,862 ) - (7,026 ) Unrealized foreign exchange on the 6.5% convertible bond and 8.75% loan transferred to realized foreign exchange resulting from the Recapitalization (12,218 ) (3,340 ) - 2,475 Weather derivatives (iii) 1,769 (7,916 ) (612 ) (10,937 ) Other derivative options 1,112 14,798 (1,826 ) 10,005 Unrealized gain (loss) of derivative instruments and other $ (84,968 ) $ 65,463 $ (7,619 ) $ (176,536 ) The following table summarizes certain aspects of the fair value of derivative financial assets and liabilities recorded in the interim condensed consolidated statement of financial position as at September 30, 2020: Financial assets (current) Financial Financial liabilities (current) Financial liabilities (non-current) Physical forward contracts and options (i) $ 24,021 $ 15,946 $ 90,552 $ 80,345 Financial swap contracts and options (ii) 11,127 4,541 10,244 4,552 Foreign exchange forward contracts - - 109 1,415 Weather derivatives (iii) 848 - 573 214 Other derivative options 2,656 1,979 - - As at September 30, 2020 $ 38,652 $ 22,466 $ 101,478 $ 86,526 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, 2020: Financial assets (current) Financial assets Financial liabilities (current) Financial liabilities (non-current) Physical forward contracts and options (i) $ 24,549 $ 17,673 $ 57,461 $ 51,836 Financial swap contracts and options (ii) 6,915 1,492 53,917 24,432 Foreign exchange forward contracts 4,519 3,036 - - Weather derivatives (iii) - - 280 - Other derivative options 370 6,591 1,780 - As at March 31, 2020 $ 36,353 $ 28,792 $ 113,438 $ 76,268 Below is a summary of the financial instruments classified through profit or loss as at September 30, 2020, (i) Physical forward contracts and options consist of: · Electricity contracts with a total remaining volume of 26,542,466 $48.79/MWh December 31, 2029. · Natural gas contracts with a total remaining volume of 81,119,737 $2.95/GJ October 31, 2025. · Renewable energy certificates (“RECs”) with a total remaining volume of 3,852,641 $37.21/REC December 31, 2028. · Electricity generation capacity contracts with a total remaining volume of 2,123 $6,344.71/MWCap May 31, 2024. · Ancillary contracts with a total remaining volume of 230,805 $20.68/MWh December 31, 2020. (ii) Financial swap contracts and options consist of: · Electricity contracts with a total remaining volume of 14,602,750 $42.98/MWh December 31, 2024. · Natural gas contracts with a total remaining volume of 106,079,580 $3.38/GJ December 31, 2025. · Electricity generation capacity contracts with a total remaining volume of 3 $3,862.14/MWCap October 31, 2020. · Ancillary contracts with a total remaining volume of 132,540 $22.03/MWh December 31, 2020. (iii) Weather derivatives consist of: · HDD collar options with HDD strikes set at 0.8 1.32 $12,500 March 31, 2021. · HDD natural gas swaps with price strikes ranging from US$1.75 US$7.35/MmBTU 1,051 5,059 March 31, 2021. · HDD natural gas swaps with price strikes to be set on futures index and temperature strikes from 1,051 5,059 March 31, 2022. · Electricity call options with price strikes of $100/MWh, 84⁰ 103⁰ October 31, 2020. · Put options for CDDs with temperature strikes at historical averages, total tick size of $22 September 30 October 31, 2020. Share swap agreement Just Energy had entered into a share swap agreement to manage the volatility associated with the Company's restricted share grants and deferred share grants plans. The value, on inception, of the 2,500,000 $33.8 August 22, 2018, $23.8 $10.0 March 31, 2020, 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 Fair value (“FV”) hierarchy of derivatives Level 1 The fair value measurements are classified as Level 1 no 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. Weather derivatives are non-exchange-traded financial instruments used as part of a risk management strategy to mitigate the impact adverse weather conditions have on gross margin. The fair values of the derivatives are determined using an internally developed model that relies upon both observable inputs and significant unobservable inputs. Accordingly, the fair values of these derivatives are classified as Level 3. For the share swap agreement, Just Energy used a forward interest rate curve along with a volume weighted average share price to model out its value. As the inputs had no 3. 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. 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 September 30, 2020: Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ 6,206 $ 54,912 $ 61,118 Derivative financial liabilities - - (188,004 ) (188,004 ) Total net derivative financial assets (liabilities) $ - $ 6,206 $ (133,092 ) $ (126,886 ) The following table illustrates the classification of derivative financial assets (liabilities) in the FV hierarchy as at March 31, 2020: Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 65,145 $ 65,145 Derivative financial liabilities - (38,676 ) (151,030 ) (189,706 ) Total net derivative financial assets (liabilities) $ - $ (38,676 ) $ (85,885 ) $ (124,561 ) Commodity price sensitivity – Level 3 If the energy prices associated with only Level 3 10%, September 30, 2020 $154.5 $153.5 A key assumption 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 Six months ended Year ended Sept. 30, 2020 March 31, 2020 Balance, beginning of period $ (85,885 ) $ 17,310 Total losses (15,431 ) (3,822 ) Purchases (18,350 ) (43,663 ) Sales (1,250 ) 14,549 Settlements (12,175 ) (70,259 ) Balance, end of period $ (133,091 ) $ (85,885 ) (b) Classification of non-derivative financial assets and liabilities As at September 30, 2020 March 31, 2020, Long-term debt recorded at amortized cost has a fair value as at September 30, 2020 $500.0 March 31, 2020 - $596.2 8.75% 6.75% $100M 6.75% $160M 6.5% 6.75% $100M 6.75% $160M 6.5% 1 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. operations. The performance of the Canadian dollar relative to the U.S. dollar could positively or negatively affect Just Energy's income, as a significant 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., 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% 100% 12 0% 50% 13 24 Just Energy may, not With respect to translation exposure, if the Canadian dollar had been 5% September 30, 2020, September 30, 2020 $3.7 $7.1 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% $1.1 September 30, 2020 ( September 30, 2019 - $0.5 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 RECs had risen (fallen) by 10%, September 30, 2020 $155.7 $154.7 For information on credit risk, refer to Note 5. (ii) Physical 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 September 30, 2020, $16.2 March 31, 2020 - $23.8 (iii) 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. Counter party limits are established within the Risk Management Policy. Any exceptions to these limits require approval from the Risk Committee of 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 September 30, 2020, $61.1 March 31, 2020 - $65.1

Note 8 - Trade and Other Payabl

Note 8 - Trade and Other Payables	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of trade and other payables [text block]	8. TRADE AND OTHER PAYABLES As at As at Sept. 30, 2020 March 31, 2020 Commodity suppliers' accruals and payables $ 379,686 $ 414,581 Green provisions and repurchase obligations 80,766 103,245 Sales tax payable 21,072 19,706 Non-commodity trade accruals and accounts payable 56,921 117,473 Current portion of payable to former joint venture partner 16,734 18,194 Accrued gas payable - 3,295 Other payables 13,734 9,171 $ 568,913 $ 685,665

Note 9 - Long-term Debt and Fin

Note 9 - Long-term Debt and Financing	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	9. LONG-TERM DEBT AND FINANCING As at As at Maturity Sept. 30, 2020 March 31, 2020 Senior secured credit facility (a) December 31, 2023 $ 206,296 $ 236,389 Less: Debt issue costs (a) (4,625 ) (1,644 ) Filter Group financing (b) October 25, 2023 6,438 9,690 7.0% $15M subordinated notes (c) September 27, 2026 15,000 - Less: Debt issue costs (c) (2,000 ) - 10.25% term loan (d) March 31, 2024 278,884 - 8.75% loan (e) - 280,535 6.75% $100M convertible debentures (f) - 90,187 6.75% $160M convertible debentures (g) - 153,995 6.5% convertible bonds (h) - 12,851 499,993 782,003 Less: Current portion (3,958 ) (253,485 ) $ 496,035 $ 528,518 Future annual minimum principal repayments are as follows: Less than More than 1 year 1–3 years 4–5 years 5 years Total Senior secured credit facility (a) $ - $ 206,296 $ - $ - $ 206,296 Filter Group financing (b) 3,958 2,480 - - 6,438 7.0% $15M subordinated notes (c) - - - 15,000 15,000 10.25% term loan (d) - - 292,828 - 292,828 $ 3,958 $ 208,776 $ 292,828 $ 15,000 $ 520,562 Interest is expensed based on the effective interest rate. The following table details the finance costs for the indicated periods: Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Senior secured credit facility (a) $ 5,382 $ 5,995 $ 10,517 $ 12,047 Filter Group financing (b) 169 117 375 501 8.75% loan (e) 8,791 10,283 18,055 17,620 6.75% $100M convertible debentures (f) 2,354 2,337 4,762 4,674 6.75% $160M convertible debentures (g) 3,452 3,462 6,948 6,892 6.5% convertible bonds (h) 261 1,413 536 2,217 Supplier finance and others (i) 9,335 4,844 10,404 8,046 $ 29,744 $ 28,451 $ 51,597 $ 51,997 (a) As part of the Recapitalization, Just Energy extended the $335 December 2023, December 2020. $335 September 30, 2020, Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 Scheduled mandatory commitment reductions 1 March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1 $500,000. November 30, 2021, $30 November 30,2021, five September 30, 2021 $176.0 Prior to September 28, 2020, 3.750%. 2.750% 3.750%. Subsequent to the Recapitalization on September 28, 2020, 5.25%. 4.25% 5.25%. As at September 30, 2020, 2.45% 3.25%. September 30, 2020, $206.3 September 30, 2020 $69.1 March 31, 2020- $72.5 (b) Filter Group has a $6.4 three five 8.99% (c) As part of the Recapitalization, Just Energy issued $15 7.0% “7.0% $15M six 7.0% 7.0% March 15 September 15. $2.0 (d) As part of the Recapitalization, Just Energy issued a US$205.9 “10.25% March 31, 2024. 10.25% September 30 March 31. 50% 100% 9.75% four 5.0%. 5.0% (e) As part of the Recapitalization, the 8.75% 10.25% 786,982 US$207.0 (f) As part of the Recapitalization, the 6.5% $100 3,592,069 $15 (g) As part of the Recapitalization, the 6.75% $160 5,747,310 $15 (h) As part of the Recapitalization, the 6.5% 10.25% 35,737 $9.2 6.5% (i) Supplier finance and other costs for the quarter ended September 30, 2020

Note 10 - Reportable Business S

Note 10 - Reportable Business Segments	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	10. REPORTABLE BUSINESS SEGMENTS Just Energy's reportable segments are the Consumer segment and the Commercial segment. The chief operating decision maker monitors the operational results of the Consumer and Commercial segments for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on certain non-IFRS measures such as base gross margin. Transactions between 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 residential customer equivalents in the respective segments. Corporate and shared services report the costs related to management oversight of the business units, public reporting and filings, corporate governance and other shared services functions. For the three September 30, 2020: Consumer Commercial Corporate and shared services Consolidated Sales $ 402,903 $ 246,699 $ - $ 649,602 Cost of goods sold 249,411 179,480 - 428,891 Gross margin 153,492 67,219 - 220,711 Depreciation of property and equipment 1,626 21 - 1,647 Amortization of intangible assets 3,147 879 - 4,026 Administrative expenses 10,438 4,763 28,756 43,957 Selling and marketing expenses 29,666 18,246 - 47,912 Other operating expenses 11,954 3,138 - 15,092 Segment profit (loss) for the period $ 96,661 $ 40,172 $ (28,756 ) $ 108,077 Finance costs (29,744 ) Restructuring costs (7,118 ) Gain on Recapitalization transaction, net 52,152 Unrealized loss of derivative instruments and other (84,968 ) Realized loss of derivative instruments (85,457 ) Other expense, net (2,425 ) Provision for income taxes (673 ) Loss for the period from continuing operations $ (50,156 ) Loss from discontinued operations (1,210 ) Loss for the period (51,366 ) Capital expenditures $ 2,695 $ 292 $ - $ 2,987 For the three September 30, 2019: Consumer Commercial Corporate and shared services Consolidated Sales $ 474,209 $ 294,231 $ - $ 768,440 Cost of goods sold 487,424 356,364 - 843,788 Gross margin (13,215 ) (62,133 ) - (75,348 ) Depreciation of property and equipment 2,483 33 - 2,516 Amortization of intangible assets 5,301 687 - 5,988 Administrative expenses 9,290 6,527 25,649 41,466 Selling and marketing expenses 34,578 19,701 - 54,279 Other operating expenses 29,483 1,855 - 31,338 Segment loss for the period $ (94,350 ) $ (90,936 ) $ (25,649 ) $ (210,935 ) Finance costs (28,451 ) Unrealized gain of derivative instruments and other 65,463 Realized gain of derivative instruments 236,500 Other income, net 28,825 Provision for income taxes (2,053 ) Profit for the period from continuing operations $ 89,349 Loss from discontinued operations (9,809 ) Profit for the period 79,540 Capital expenditures $ 731 $ (199 ) $ - $ 532 For the six September 30, 2020: Consumer Commercial Corporate and shared services Consolidated Sales $ 774,699 $ 468,037 $ - $ 1,242,736 Cost of goods sold 434,852 318,036 - 752,888 Gross margin 339,847 150,001 - 489,848 Amortization of property, and equipment 4,287 47 - 4,334 Amortization of intangible assets 6,851 1,767 - 8,618 Administrative expenses 18,899 10,598 52,602 82,099 Selling and marketing expenses 57,222 37,649 - 94,871 Other operating expenses 21,069 6,655 - 27,724 Segment profit (loss) for the period $ 231,519 $ 93,285 $ (52,602 ) $ 272,202 Finance costs (51,597 ) Restructuring costs (7,118 ) Gain on Recapitalization transaction, net 50,341 Unrealized loss of derivative instruments and other (7,619 ) Realized loss of derivative instruments (219,903 ) Other expense, net (3,057 ) Provision for income taxes (1,307 ) Profit for the period from continuing operations 31,942 Loss from discontinued operations (4,158 ) Profit for the period $ 27,784 Capital expenditures $ 4,216 $ 457 $ - $ 4,673 As at September 30, 2020 Total goodwill $ 171,352 $ 96,654 $ - $ 268,006 Total assets $ 883,098 $ 254,569 $ - $ 1,137,667 Total liabilities $ 1,176,596 $ 131,820 $ - $ 1,308,416 For the six September 30, 2019: Consumer Commercial Corporate and shared services Consolidated Sales $ 884,207 $ 554,398 $ - $ 1,438,605 Cost of goods sold 746,683 555,046 1,301,729 Gross margin 137,524 (648 ) - 136,876 Amortization of property, and equipment 5,432 71 - 5,503 Amortization of intangible assets 12,221 1,379 - 13,600 Administrative expenses 20,525 12,678 49,066 82,269 Selling and marketing expenses 76,378 39,605 - 115,983 Other operating expenses 53,214 3,290 - 56,504 Segment loss for the period $ (30,246 ) $ (57,671 ) $ (49,066 ) $ (136,983 ) Finance costs (51,997 ) Unrealized loss of derivative instruments and other (176,536 ) Realized gain of derivative instruments 156,568 Other income, net 28,085 Recovery of income taxes 241 Loss for the period from continuing operations $ (180,622 ) Loss from discontinued operations (14,998 ) Loss for the period (195,620 ) Capital expenditures $ 5,650 $ 551 $ - $ 6,201 As at September 30, 2019 Total goodwill $ 165,989 $ 159,479 $ - $ 325,468 Total assets $ 1,153,935 $ 407,935 $ - $ 1,561,870 Total liabilities $ 1,638,809 $ 228,500 $ - $ 1,867,309 Sales from external customers The revenue is based on the location of the customer. Three months Three months Six months Six months ended ended ended ended Sept. 30, 2020 Sept. 30, 2019 Sept. 30, 2020 Sept. 30, 2019 Canada $ 63,891 $ 66,667 $ 122,038 $ 142,152 United States 585,711 701,773 1,120,698 1,296,453 Total $ 649,602 $ 768,440 $ 1,242,736 $ 1,438,605 For the three September 30, 2020, 95% 5%, 94% 6% three September 30, 2019. six September 30, 2020, 92% 8%, Non-current assets Non-current assets by geographic segment consist of property and equipment and intangible assets and are summarized as follows: As at Sept. 30, 2020 As at March 31, 2020 Canada $ 232,671 $ 233,678 United States 147,595 166,074 Total $ 380,266 $ 399,752

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of income tax [text block]	11. INCOME TAXES Three months Three months Six months Six months ended ended ended ended Sept. 30, 2020 Sept. 30, 2019 Sept. 30, 2020 Sept. 30, 2019 Current income tax expense $ 493 $ 3,051 $ 1,366 $ 3,513 Deferred income tax expense (recovery) 180 (998 ) (59 ) (3,754 ) Provision for (recovery of) income taxes $ 673 $ 2,053 $ 1,307 $ (241 )

Note 12 - Shareholders' Capital

Note 12 - Shareholders' Capital	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of issued capital [text block]	12. SHAREHOLDERS' CAPITAL Just Energy is authorized to issue an unlimited number of common shares and 50,000,000 no no (a) Details of issued and outstanding shareholders' capital are as follows: Six months ended Year ended Sept. 30, 2020 March 31, 2020 Shares Amount Shares Amount Common shares: Issued and outstanding Balance, beginning of period 4,594,371 $ 1,099,864 4,533,211 $ 1,088,538 Share-based awards exercised 798 176 61,160 11,326 Issuance of shares due to Recapitalization 43,392,412 438,642 - - Issuance cost - (1,572 ) - - Balance, end of period 47,987,581 $ 1,537,110 4,594,371 $ 1,099,864 Preferred shares: Issued and outstanding Balance, beginning of period 4,662,165 $ 146,965 4,662,165 $ 146,965 Exchanged to common shares (4,662,165 ) (146,965 ) - - Balance, end of period - $ - 4,662,165 $ 146,965 Shareholders' capital 47,987,581 $ 1,537,110 9,256,536 $ 1,246,829 The above table reflects the impacts of the Recapitalization including the extinguished convertible debentures, the settlement of the preferred shares and the issuance of new common shares. The common shares have been adjusted retrospectively to reflect the 33:1 12c (b) Dividends and distributions In the second 2020, September 30, 2020 September 30, 2019, no six September 30, 2020, no six September 30, 2019 one $0.125 $18.7 As a result of the dividend suspension, distributions related to the dividends also ceased. There were no three September 30, 2020, 2020. six September 30, 2020 $23, On December 2, 2019, September 30, 2020 September 30, 2019 no six September 30, 2020, no six September 30, 2019 one $0.53125 $3.3 Under the senior secured credit facility and the 10.25% not (c) Recapitalization transaction On September 28, 2020, · The consolidation of the Company's common shares on a 1 33 · Exchange of the 6.75% $100M 6.75% $160M $15 “7.0% $15M 7.0% $15M $15 no September 30, 2020, $13.1 · Extension of $335 December 2023, · Existing 8.75% December 31, 2020 March 2024 ( “10.25% · Exchange of all of the 8.50%, · Accrued and unpaid interest paid in cash on the subordinated convertible debentures until September 28, 2020; · The payment of certain expenses of the ad hoc group of convertible debenture holders; · The issuance of approximately $3.7 · The entitlement of holders of Just Energy's existing 8.75% 6.5% July 23, 2020 $3.412, 15,174,950 $52 · Pursuant to the previously announced backstop commitments, the acquisition of 14,137,580 $48.0 $100.0 September 28, 2020 $4.868 · The settlement of litigation related to the 2018 $1.8 429,958 · The implementation of a new management equity incentive plan that will permit the granting of various types of equity awards, including stock options, share appreciation rights, restricted shares and deferred shares; and · The Recapitalization did not not The Recapitalization resulted in total net gain of $50.3 six September 30, 2020. $77.0 $26.7 not

Note 13 - Other Expenses

Note 13 - Other Expenses	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of other operating income (expense) [text block]	13. OTHER EXPENSES (a) Other operating expenses Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Amortization of other intangible assets $ 4,026 $ 6,090 $ 8,618 $ 14,463 Depreciation of property and equipment 1,647 2,515 4,334 5,503 Bad debt expense 11,662 29,570 23,602 46,857 Share-based compensation 3,430 1,667 4,122 8,784 $ 20,765 $ 39,842 $ 40,676 $ 75,607 (b) Employee expenses Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Wages, salaries and commissions $ 37,155 $ 52,643 $ 73,374 $ 114,400 Benefits 6,389 2,834 12,877 10,104 $ 43,544 $ 55,477 $ 86,251 $ 124,504 For the three September 30, 2020, $17.0 $26.5 $15.5 $40.0 2020. six September 30, 2020, $32.3 $54.0 $38.9 $85.6 2020.

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of restructuring costs [text block]	14. RESTRUCTURING COSTS For the three September 30, 2020, $7.1 September 2020. $2.5 September 30, 2020.

Note 15 - Profit (Loss) Per Sha

Note 15 - Profit (Loss) Per Share	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	15. PROFIT (LOSS) PER SHARE Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 BASIC EARNINGS (LOSS) PER SHARE Profit (loss) from continuing operations $ (50,156 ) $ 89,349 $ 31,942 $ (180,622 ) Earnings (loss) available to shareholders (51,366 ) 79,540 27,784 (195,620 ) Basic weighted average shares outstanding 11,479,960 9,872,780 10,684,039 9,826,058 Basic earnings (loss) per share from continuing operations (4.37 ) 9.05 2.99 (18.38 ) Basic earnings (loss) per share available to shareholders $ (4.47 ) $ 8.06 $ 2.60 $ (19.91 ) DILUTED EARNINGS (LOSS) PER SHARE Profit (loss) from continuing operations $ (50,156 ) $ 89,349 $ 31,942 $ (180,622 ) Adjusted earnings (loss) available to shareholders $ (51,366 ) $ 79,540 $ 27,784 $ (195,620 ) Basic weighted average shares outstanding 11,479,960 9,872,780 10,684,039 9,826,058 Dilutive effect of: Restricted share grants 63,364 83,048 1 65,403 1 88,814 Deferred share grants 77 5,525 1 12,609 1 5,717 Shares outstanding on a diluted basis 11,543,401 9,961,353 10,762,050 9,920,589 Diluted earnings (loss) from continuing operations per share available to shareholders (4.37 ) 8.97 2.97 (18.38 ) Diluted earnings (loss) per share available to shareholders $ (4.47 ) $ 7.98 $ 2.58 $ (19.91 ) 1 not

Note 16 - Discontinued Operatio

Note 16 - Discontinued Operations	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of non-current assets held for sale and discontinued operations [text block]	16. DISCONTINUED OPERATIONS In March 2019, June 2019, November 29, 2019, April 10, 2020, 1,000 $1.1 September 30, 2020, Assets and liabilities classified under discontinued operations were as follows: As at As at Sept. 30, 2020 March 31, 2020 ASSETS Current assets Cash and cash equivalents $ 1,774 $ 898 Current trade and other receivables 589 4,978 Income taxes recoverable 12 12 Other current assets 69 1,140 2,444 7,028 Non-current assets Property and equipment - 38 Intangible assets 8 545 ASSETS CLASSIFIED AS HELD FOR SALE $ 2,452 $ 7,611 Liabilities Current liabilities Trade and other payables $ 2,362 $ 4,823 Deferred revenue 83 83 LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE $ 2,445 $ 4,906

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	17. COMMITMENTS AND CONTINGENCIES Commitments for each of the next five As at September 30, 2020 Less than 1 year 1–3 years 4–5 years More than 5 years Total Gas, electricity and non-commodity contracts $ 681,679 $ 1,562,935 $ 337,880 $ 101,940 $ 2,684,434 (a) Surety bonds and letters of credit Pursuant to separate arrangements with several bond agencies, 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 September 30, 2020 $47.1 March 31, 2020 - $63.4 As at September 30, 2020, $69.1 9 (b) Legal proceedings Just Energy's subsidiaries are party to a number of legal proceedings. Other than as set out below, Just Energy believes that each proceeding constitutes legal matters that are incidental to the business conducted by Just Energy and that the ultimate disposition of the proceedings will not In March 2012, 1,800 8,000 October 6, 2014, not September 28, 2018, October 25, 2018. August 31, 2020 2 1 904 F.3d 219 2d 2018 138 1134, 1142 2018 $6.0 second 2021 In May 2015, 2000, July 27, 2016, June 21, 2019. November 2021. On July 23, 2019, November 9, 2017 August 19, 2019. one one July 7, 2020. September 2, 2020, no not,

Note 5 - Trade and Other Rece_2

Note 5 - Trade and Other Receivables, Net (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of the components of trade and other receivables [text block]	As at As at Sept. 30, 2020 March 31, 2020 Trade accounts receivable, net $ 188,364 $ 241,969 Accrued gas receivables 1,119 7,224 Unbilled revenues, net 102,650 121,993 Commodity receivables and other 63,959 32,721 $ 356,092 $ 403,907
Disclosure of financial assets that are either past due or impaired [text block]	As at As at Sept. 30, 2020 March 31, 2020 Current $ 81,219 $ 83,431 1–30 days 19,924 26,678 31–60 days 5,709 6,513 61–90 days 2,615 5,505 Over 90 days 14,198 35,252 $ 123,665 $ 157,379
Disclosure Of Allowance For Credit Losses [text block]	As at As at Sept. 30, 2020 March 31, 2020 Balance, beginning of period $ 45,832 $ 182,365 Provision for doubtful accounts 23,602 80,050 Bad debts written off (41,794 ) (138,514 ) Foreign exchange 5,400 3,124 Assets classified as held for sale - (81,193 ) Balance, end of period $ 33,040 $ 45,832 Allowance for doubtful accounts on accounts receivable $ 30,642 $ 43,127 Allowance for doubtful accounts on unbilled revenue 2,398 2,705 Total allowance for doubtful accounts $ 33,040 $ 45,832

Note 6 - Other Current and No_2

Note 6 - Other Current and Non-current Assets (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of the components of prepayments and other assets [text block]	As at As at (a) Other current assets Sept. 30, 2020 March 31, 2020 Prepaid expenses and deposits $ 14,385 $ 55,972 Customer acquisition costs 66,713 77,939 Green certificates assets 63,772 63,728 Gas delivered in excess of consumption 6,255 2,393 Inventory 3,346 3,238 $ 154,471 $ 203,270 As at As at (b) Other non-current assets Sept. 30, 2020 March 31, 2020 Customer acquisition costs $ 28,932 $ 43,686 Other long-term assets 8,357 12,764 $ 37,289 $ 56,450

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of financial instruments at fair value through profit or loss [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Physical forward contracts and options (i) $ (115,147 ) $ 95,536 $ (66,767 ) $ (129,438 ) Financial swap contracts and options (ii) 42,544 (27,679 ) 70,665 (43,314 ) Foreign exchange forward contracts (3,028 ) 1,926 (9,079 ) 1,699 Share swap - (7,862 ) - (7,026 ) Unrealized foreign exchange on the 6.5% convertible bond and 8.75% loan transferred to realized foreign exchange resulting from the Recapitalization (12,218 ) (3,340 ) - 2,475 Weather derivatives (iii) 1,769 (7,916 ) (612 ) (10,937 ) Other derivative options 1,112 14,798 (1,826 ) 10,005 Unrealized gain (loss) of derivative instruments and other $ (84,968 ) $ 65,463 $ (7,619 ) $ (176,536 )
Disclosure of detailed information about financial instruments [text block]	Financial assets (current) Financial Financial liabilities (current) Financial liabilities (non-current) Physical forward contracts and options (i) $ 24,021 $ 15,946 $ 90,552 $ 80,345 Financial swap contracts and options (ii) 11,127 4,541 10,244 4,552 Foreign exchange forward contracts - - 109 1,415 Weather derivatives (iii) 848 - 573 214 Other derivative options 2,656 1,979 - - As at September 30, 2020 $ 38,652 $ 22,466 $ 101,478 $ 86,526 Financial assets (current) Financial assets Financial liabilities (current) Financial liabilities (non-current) Physical forward contracts and options (i) $ 24,549 $ 17,673 $ 57,461 $ 51,836 Financial swap contracts and options (ii) 6,915 1,492 53,917 24,432 Foreign exchange forward contracts 4,519 3,036 - - Weather derivatives (iii) - - 280 - Other derivative options 370 6,591 1,780 - As at March 31, 2020 $ 36,353 $ 28,792 $ 113,438 $ 76,268
Disclosure of fair value measurement of assets and liabilities [text block]	Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ 6,206 $ 54,912 $ 61,118 Derivative financial liabilities - - (188,004 ) (188,004 ) Total net derivative financial assets (liabilities) $ - $ 6,206 $ (133,092 ) $ (126,886 ) Level 1 Level 2 Level 3 Total Derivative financial assets $ - $ - $ 65,145 $ 65,145 Derivative financial liabilities - (38,676 ) (151,030 ) (189,706 ) Total net derivative financial assets (liabilities) $ - $ (38,676 ) $ (85,885 ) $ (124,561 )
Disclosure of fair value measurement of liabilities [text block]	Six months ended Year ended Sept. 30, 2020 March 31, 2020 Balance, beginning of period $ (85,885 ) $ 17,310 Total losses (15,431 ) (3,822 ) Purchases (18,350 ) (43,663 ) Sales (1,250 ) 14,549 Settlements (12,175 ) (70,259 ) Balance, end of period $ (133,091 ) $ (85,885 )

Note 8 - Trade and Other Paya_2

Note 8 - Trade and Other Payables (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of detailed information about trade and other payables [text block]	As at As at Sept. 30, 2020 March 31, 2020 Commodity suppliers' accruals and payables $ 379,686 $ 414,581 Green provisions and repurchase obligations 80,766 103,245 Sales tax payable 21,072 19,706 Non-commodity trade accruals and accounts payable 56,921 117,473 Current portion of payable to former joint venture partner 16,734 18,194 Accrued gas payable - 3,295 Other payables 13,734 9,171 $ 568,913 $ 685,665

Note 9 - Long-term Debt and F_2

Note 9 - Long-term Debt and Financing (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	As at As at Maturity Sept. 30, 2020 March 31, 2020 Senior secured credit facility (a) December 31, 2023 $ 206,296 $ 236,389 Less: Debt issue costs (a) (4,625 ) (1,644 ) Filter Group financing (b) October 25, 2023 6,438 9,690 7.0% $15M subordinated notes (c) September 27, 2026 15,000 - Less: Debt issue costs (c) (2,000 ) - 10.25% term loan (d) March 31, 2024 278,884 - 8.75% loan (e) - 280,535 6.75% $100M convertible debentures (f) - 90,187 6.75% $160M convertible debentures (g) - 153,995 6.5% convertible bonds (h) - 12,851 499,993 782,003 Less: Current portion (3,958 ) (253,485 ) $ 496,035 $ 528,518
Disclosure of maturity of debt [text block]	Less than More than 1 year 1–3 years 4–5 years 5 years Total Senior secured credit facility (a) $ - $ 206,296 $ - $ - $ 206,296 Filter Group financing (b) 3,958 2,480 - - 6,438 7.0% $15M subordinated notes (c) - - - 15,000 15,000 10.25% term loan (d) - - 292,828 - 292,828 $ 3,958 $ 208,776 $ 292,828 $ 15,000 $ 520,562
Disclosure of finance cost [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Senior secured credit facility (a) $ 5,382 $ 5,995 $ 10,517 $ 12,047 Filter Group financing (b) 169 117 375 501 8.75% loan (e) 8,791 10,283 18,055 17,620 6.75% $100M convertible debentures (f) 2,354 2,337 4,762 4,674 6.75% $160M convertible debentures (g) 3,452 3,462 6,948 6,892 6.5% convertible bonds (h) 261 1,413 536 2,217 Supplier finance and others (i) 9,335 4,844 10,404 8,046 $ 29,744 $ 28,451 $ 51,597 $ 51,997
Disclosure of debt [text block]	Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595
Disclosure of scheduled mandatory commitment reductions [text block]	March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000

Note 10 - Reportable Business_2

Note 10 - Reportable Business Segments (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	Consumer Commercial Corporate and shared services Consolidated Sales $ 402,903 $ 246,699 $ - $ 649,602 Cost of goods sold 249,411 179,480 - 428,891 Gross margin 153,492 67,219 - 220,711 Depreciation of property and equipment 1,626 21 - 1,647 Amortization of intangible assets 3,147 879 - 4,026 Administrative expenses 10,438 4,763 28,756 43,957 Selling and marketing expenses 29,666 18,246 - 47,912 Other operating expenses 11,954 3,138 - 15,092 Segment profit (loss) for the period $ 96,661 $ 40,172 $ (28,756 ) $ 108,077 Finance costs (29,744 ) Restructuring costs (7,118 ) Gain on Recapitalization transaction, net 52,152 Unrealized loss of derivative instruments and other (84,968 ) Realized loss of derivative instruments (85,457 ) Other expense, net (2,425 ) Provision for income taxes (673 ) Loss for the period from continuing operations $ (50,156 ) Loss from discontinued operations (1,210 ) Loss for the period (51,366 ) Capital expenditures $ 2,695 $ 292 $ - $ 2,987 Consumer Commercial Corporate and shared services Consolidated Sales $ 474,209 $ 294,231 $ - $ 768,440 Cost of goods sold 487,424 356,364 - 843,788 Gross margin (13,215 ) (62,133 ) - (75,348 ) Depreciation of property and equipment 2,483 33 - 2,516 Amortization of intangible assets 5,301 687 - 5,988 Administrative expenses 9,290 6,527 25,649 41,466 Selling and marketing expenses 34,578 19,701 - 54,279 Other operating expenses 29,483 1,855 - 31,338 Segment loss for the period $ (94,350 ) $ (90,936 ) $ (25,649 ) $ (210,935 ) Finance costs (28,451 ) Unrealized gain of derivative instruments and other 65,463 Realized gain of derivative instruments 236,500 Other income, net 28,825 Provision for income taxes (2,053 ) Profit for the period from continuing operations $ 89,349 Loss from discontinued operations (9,809 ) Profit for the period 79,540 Capital expenditures $ 731 $ (199 ) $ - $ 532 Consumer Commercial Corporate and shared services Consolidated Sales $ 774,699 $ 468,037 $ - $ 1,242,736 Cost of goods sold 434,852 318,036 - 752,888 Gross margin 339,847 150,001 - 489,848 Amortization of property, and equipment 4,287 47 - 4,334 Amortization of intangible assets 6,851 1,767 - 8,618 Administrative expenses 18,899 10,598 52,602 82,099 Selling and marketing expenses 57,222 37,649 - 94,871 Other operating expenses 21,069 6,655 - 27,724 Segment profit (loss) for the period $ 231,519 $ 93,285 $ (52,602 ) $ 272,202 Finance costs (51,597 ) Restructuring costs (7,118 ) Gain on Recapitalization transaction, net 50,341 Unrealized loss of derivative instruments and other (7,619 ) Realized loss of derivative instruments (219,903 ) Other expense, net (3,057 ) Provision for income taxes (1,307 ) Profit for the period from continuing operations 31,942 Loss from discontinued operations (4,158 ) Profit for the period $ 27,784 Capital expenditures $ 4,216 $ 457 $ - $ 4,673 As at September 30, 2020 Total goodwill $ 171,352 $ 96,654 $ - $ 268,006 Total assets $ 883,098 $ 254,569 $ - $ 1,137,667 Total liabilities $ 1,176,596 $ 131,820 $ - $ 1,308,416 Consumer Commercial Corporate and shared services Consolidated Sales $ 884,207 $ 554,398 $ - $ 1,438,605 Cost of goods sold 746,683 555,046 1,301,729 Gross margin 137,524 (648 ) - 136,876 Amortization of property, and equipment 5,432 71 - 5,503 Amortization of intangible assets 12,221 1,379 - 13,600 Administrative expenses 20,525 12,678 49,066 82,269 Selling and marketing expenses 76,378 39,605 - 115,983 Other operating expenses 53,214 3,290 - 56,504 Segment loss for the period $ (30,246 ) $ (57,671 ) $ (49,066 ) $ (136,983 ) Finance costs (51,997 ) Unrealized loss of derivative instruments and other (176,536 ) Realized gain of derivative instruments 156,568 Other income, net 28,085 Recovery of income taxes 241 Loss for the period from continuing operations $ (180,622 ) Loss from discontinued operations (14,998 ) Loss for the period (195,620 ) Capital expenditures $ 5,650 $ 551 $ - $ 6,201 As at September 30, 2019 Total goodwill $ 165,989 $ 159,479 $ - $ 325,468 Total assets $ 1,153,935 $ 407,935 $ - $ 1,561,870 Total liabilities $ 1,638,809 $ 228,500 $ - $ 1,867,309
Disclosure of geographical areas [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, 2020 Sept. 30, 2019 Sept. 30, 2020 Sept. 30, 2019 Canada $ 63,891 $ 66,667 $ 122,038 $ 142,152 United States 585,711 701,773 1,120,698 1,296,453 Total $ 649,602 $ 768,440 $ 1,242,736 $ 1,438,605 As at Sept. 30, 2020 As at March 31, 2020 Canada $ 232,671 $ 233,678 United States 147,595 166,074 Total $ 380,266 $ 399,752

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of the detailed information of income tax [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, 2020 Sept. 30, 2019 Sept. 30, 2020 Sept. 30, 2019 Current income tax expense $ 493 $ 3,051 $ 1,366 $ 3,513 Deferred income tax expense (recovery) 180 (998 ) (59 ) (3,754 ) Provision for (recovery of) income taxes $ 673 $ 2,053 $ 1,307 $ (241 )

Note 12 - Shareholders' Capit_2

Note 12 - Shareholders' Capital (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	Six months ended Year ended Sept. 30, 2020 March 31, 2020 Shares Amount Shares Amount Common shares: Issued and outstanding Balance, beginning of period 4,594,371 $ 1,099,864 4,533,211 $ 1,088,538 Share-based awards exercised 798 176 61,160 11,326 Issuance of shares due to Recapitalization 43,392,412 438,642 - - Issuance cost - (1,572 ) - - Balance, end of period 47,987,581 $ 1,537,110 4,594,371 $ 1,099,864 Preferred shares: Issued and outstanding Balance, beginning of period 4,662,165 $ 146,965 4,662,165 $ 146,965 Exchanged to common shares (4,662,165 ) (146,965 ) - - Balance, end of period - $ - 4,662,165 $ 146,965 Shareholders' capital 47,987,581 $ 1,537,110 9,256,536 $ 1,246,829

Note 13 - Other Expenses (Table

Note 13 - Other Expenses (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of other operating expense [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Amortization of other intangible assets $ 4,026 $ 6,090 $ 8,618 $ 14,463 Depreciation of property and equipment 1,647 2,515 4,334 5,503 Bad debt expense 11,662 29,570 23,602 46,857 Share-based compensation 3,430 1,667 4,122 8,784 $ 20,765 $ 39,842 $ 40,676 $ 75,607
Disclosure of employee benefits [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 Wages, salaries and commissions $ 37,155 $ 52,643 $ 73,374 $ 114,400 Benefits 6,389 2,834 12,877 10,104 $ 43,544 $ 55,477 $ 86,251 $ 124,504

Note 15 - Profit (Loss) Per S_2

Note 15 - Profit (Loss) Per Share (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Earnings per share [text block]	Three months Three months Six months Six months ended ended ended ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2020 2019 2020 2019 BASIC EARNINGS (LOSS) PER SHARE Profit (loss) from continuing operations $ (50,156 ) $ 89,349 $ 31,942 $ (180,622 ) Earnings (loss) available to shareholders (51,366 ) 79,540 27,784 (195,620 ) Basic weighted average shares outstanding 11,479,960 9,872,780 10,684,039 9,826,058 Basic earnings (loss) per share from continuing operations (4.37 ) 9.05 2.99 (18.38 ) Basic earnings (loss) per share available to shareholders $ (4.47 ) $ 8.06 $ 2.60 $ (19.91 ) DILUTED EARNINGS (LOSS) PER SHARE Profit (loss) from continuing operations $ (50,156 ) $ 89,349 $ 31,942 $ (180,622 ) Adjusted earnings (loss) available to shareholders $ (51,366 ) $ 79,540 $ 27,784 $ (195,620 ) Basic weighted average shares outstanding 11,479,960 9,872,780 10,684,039 9,826,058 Dilutive effect of: Restricted share grants 63,364 83,048 1 65,403 1 88,814 Deferred share grants 77 5,525 1 12,609 1 5,717 Shares outstanding on a diluted basis 11,543,401 9,961,353 10,762,050 9,920,589 Diluted earnings (loss) from continuing operations per share available to shareholders (4.37 ) 8.97 2.97 (18.38 ) Diluted earnings (loss) per share available to shareholders $ (4.47 ) $ 7.98 $ 2.58 $ (19.91 )

Note 16 - Discontinued Operat_2

Note 16 - Discontinued Operations (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Schedule of non-current assets held for sale and discontinued operations [text block]	As at As at Sept. 30, 2020 March 31, 2020 ASSETS Current assets Cash and cash equivalents $ 1,774 $ 898 Current trade and other receivables 589 4,978 Income taxes recoverable 12 12 Other current assets 69 1,140 2,444 7,028 Non-current assets Property and equipment - 38 Intangible assets 8 545 ASSETS CLASSIFIED AS HELD FOR SALE $ 2,452 $ 7,611 Liabilities Current liabilities Trade and other payables $ 2,362 $ 4,823 Deferred revenue 83 83 LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE $ 2,445 $ 4,906

Note 17 - Commitments and Con_2

Note 17 - Commitments and Contingencies (Tables)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Disclosure of commitments [text block]	Less than 1 year 1–3 years 4–5 years More than 5 years Total Gas, electricity and non-commodity contracts $ 681,679 $ 1,562,935 $ 337,880 $ 101,940 $ 2,684,434

Note 2 - Operations (Details Te

Note 2 - Operations (Details Textual)	6 Months Ended
	Sep. 30, 2020
Statement Line Items [Line Items]
Fixed price and price protected program contract period	5

Note 3 - Financial Statement _2

Note 3 - Financial Statement Presentation (Details Textual)	Aug. 26, 2020
New Subordinated Notes [Member] | Additonal terms to recapitalization [Member]
Statement Line Items [Line Items]
Borrowings, term (Year)	6 years

Note 4 - Accounting Policies _2

Note 4 - Accounting Policies and New Standards Adopted (Details Textual) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Cost of sales	$ 428,891	$ 843,788	$ 752,888	$ 1,301,729
IFRIC agenda decision 11 [member]
Statement Line Items [Line Items]
Cost of sales		843,800		1,301,700
IFRIC agenda decision 11 [member] | Increase (decrease) due to changes in accounting policy [member]
Statement Line Items [Line Items]
Cost of sales		230,700		230,700
IFRIC agenda decision 11 [member] | Previously stated [member]
Statement Line Items [Line Items]
Cost of sales		$ 613,100		$ 1,150,900

Note 5 - Trade and Other Rece_3

Note 5 - Trade and Other Receivables, Net - Components of Trade and Other Receivables (Details) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Trade accounts receivable, net	$ 188,364	$ 241,969
Accrued gas receivables	1,119	7,224
Unbilled revenues, net	102,650	121,993
Commodity receivables and other	63,959	32,721
Trade and other current receivables	$ 356,092	$ 403,907

Note 5 - Trade and Other Rece_4

Note 5 - Trade and Other Receivables, Net - Aging of Accounts Receivable (Details) - Trade receivables [member] - Credit risk [member] - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Financial assets	$ 123,665	$ 157,379
Current [member]
Statement Line Items [Line Items]
Financial assets	81,219	83,431
No later than one month [member]
Statement Line Items [Line Items]
Financial assets	19,924	26,678
Later than one month and not later than two months [member]
Statement Line Items [Line Items]
Financial assets	5,709	6,513
Later than two months and not later than three months [member]
Statement Line Items [Line Items]
Financial assets	2,615	5,505
Later than three months [member]
Statement Line Items [Line Items]
Financial assets	$ 14,198	$ 35,252

Note 5 - Trade and Other Rece_5

Note 5 - Trade and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) - CAD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Balance, beginning of period	$ 45,832	$ 182,365
Provision for doubtful accounts	23,602	80,050
Bad debts written off	(41,794)	(138,514)
Foreign exchange	5,400	3,124
Assets classified as held for sale		(81,193)
Total allowance for doubtful accounts	33,040	182,365
Balance, end of period	33,040	45,832
Trade receivables [member]
Statement Line Items [Line Items]
Balance, beginning of period	43,127
Total allowance for doubtful accounts	43,127	43,127
Balance, end of period	30,642	43,127
Unbilled revenue [member]
Statement Line Items [Line Items]
Balance, beginning of period	2,705
Total allowance for doubtful accounts	2,705	2,705
Balance, end of period	$ 2,398	$ 2,705

Note 6 - Other Current and No_3

Note 6 - Other Current and Non-current Assets - Components of Prepaid Expenses, Deposits, and Other Current Assets (Details) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Prepaid expenses and deposits	$ 14,385	$ 55,972
Customer acquisition costs	66,713	77,939
Green certificates assets	63,772	63,728
Gas delivered in excess of consumption	6,255	2,393
Inventory	3,346	3,238
Current prepayments and other current assets	154,471	203,270
Customer acquisition costs	28,932	43,686
Other long-term assets	8,357	12,764
Other non-current assets	$ 37,289	$ 56,450

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments (Details Textual) - CAD ($) $ in Thousands	Aug. 22, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 28, 2020	Mar. 31, 2020	Aug. 21, 2018
Statement Line Items [Line Items]
Number of shares under share swap agreement (in shares)									2,500,000
Value of shares under share swap agreement	$ 23,800								$ 33,800
Cash payments for futures contracts, forward contracts, option contracts and swap contracts, classified as financing activities	$ 10,000				$ 21,488
Foreign exchange basis curve length (Year)				5 years
Borrowings, interest rate							8.50%
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				100.00%
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%
Long-term debt [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value		$ 500,000		$ 500,000	$ 500,000			$ 596,200
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Borrowings, interest rate		8.75%		8.75%	8.75%
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value		$ 100,000		$ 100,000	$ 100,000
Borrowings, interest rate		6.75%		6.75%	6.75%
The 6.75% convertible bonds [member]
Statement Line Items [Line Items]
Financial liabilities, at fair value		$ 160,000		$ 160,000	$ 160,000
Borrowings, interest rate		6.75%		6.75%	6.75%
The 6.5% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate		6.50%		6.50%	6.50%
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%		10.00%	10.00%
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on profit or loss		$ 155,700
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on other comprehensive income (loss)		$ 154,700
Commodity price risk [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent		10.00%		10.00%	10.00%
Sensitivity analysis for types of market risk, reasonably possible increase in risk variable, impact on profit or loss before taxes				$ 154,500
Sensitivity analysis for types of market risk, reasonably possible decrease in risk variable, impact on profit or loss before taxes				$ 153,500
Currency risk [member]
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent		5.00%		5.00%	5.00%
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on profit or loss		$ 3,700
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on other comprehensive income (loss)		$ 7,100
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%		1.00%	1.00%
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, impact on profit or loss		$ 1,100	$ 500
Supplier risk [member]
Statement Line Items [Line Items]
Financial assets, at fair value		16,200		$ 16,200	$ 16,200			23,800
Credit risk [member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic		$ 61,100		$ 61,100	$ 61,100			$ 65,100

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Change in Fair Value of Derivative Instruments (Details) - CAD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		$ (84,968)	$ 65,463	$ (7,619)	$ (176,536)
Physical forward contracts and options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other	[1]	(115,147)	95,536	(66,767)	(129,438)
Financial swap contracts and options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other	[2]	42,544	(27,679)	70,665	(43,314)
Foreign exchange forward contracts [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		(3,028)	1,926	(9,079)	1,699
Share swap [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other			(7,862)		(7,026)
Unrealized foreign exchange on 6.5% convertible bond and 8.75% loan [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		(12,218)	(3,340)		2,475
Weather derivative [Member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other	[3]	1,769	(7,916)	(612)	(10,937)
Other derivative options [member]
Statement Line Items [Line Items]
Change in fair value of derivative instruments and other		$ 1,112	$ 14,798	$ (1,826)	$ 10,005
[1]	Physical forward contracts and options consist of: - Electricity contracts with a total remaining volume of 26,542,466 MWh, a weighted average price of $48.79/MWh and expiry dates up to December 31, 2029. - Natural gas contracts with a total remaining volume of 81,119,737 GJs, a weighted average price of $2.95/GJ and expiry dates up to October 31, 2025. - Renewable energy certificates ("RECs") with a total remaining volume of 3,852,641 MWh, a weighted average price of $37.21/REC and expiry dates up to December 31, 2028. - Electricity generation capacity contracts with a total remaining volume of 2,123 MWCap, a weighted average price of $6,344.71/MWCap and expiry dates up to May 31, 2024. - Ancillary contracts with a total remaining volume of 230,805 MWh, a weighted average price of $20.68/MWh and expiry dates up to December 31, 2020.
[2]	(ii) Financial swap contracts and options consist of: · Electricity contracts with a total remaining volume of 14,602,750 MWh, an average price of $42.98/MWh and expiry dates up to December 31, 2024. 12 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) · Natural gas contracts with a total remaining volume of 106,079,580 GJs, an average price of $3.38/GJ and expiry dates up to December 31, 2025. · Electricity generation capacity contracts with a total remaining volume of 3 MWCap, a weighted average price of $3,862.14/MWCap and expiry dates up to October 31, 2020. · Ancillary contracts with a total remaining volume of 132,540 MWh, a weighted average price of $22.03/MWh and expiry dates up to December 31, 2020.
[3]	Weather derivatives consist of: - HDD collar options with HDD strikes set at 0.8 to 1.32 degree day wide, total tick size of $12,500 per HDD and an expiry date of March 31, 2021. - HDD natural gas swaps with price strikes ranging from US$1.75 to US$7.35/MmBTU and temperature strikes from 1,051 to 5,059 HDD and an expiry date of March 31, 2021. - HDD natural gas swaps with price strikes to be set on futures index and temperature strikes from 1,051 to 5,059 HDD and an expiry date of March 31, 2022. - Electricity call options with price strikes of $100/MWh, temperature strikes 84 degree F to 103 degree F and an expiry date of October 31, 2020. - Put options for CDDs with temperature strikes at historical averages, total tick size of $22 per CDD and an expiry date of September 30 or October 31, 2020.

Note 7 - Financial Instrument_4

Note 7 - Financial Instruments - Change in Fair Value of Derivative Instruments (Details) (Parentheticals)	Sep. 30, 2020	Sep. 28, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Interest rate		8.50%
Unrealized foreign exchange on 6.5% convertible bond [member]
Statement Line Items [Line Items]
Interest rate	6.50%		6.50%
Unrealized foreign exchange on 8.75% loan [member]
Statement Line Items [Line Items]
Interest rate	8.75%		8.75%

Note 7 - Financial Instrument_5

Note 7 - Financial Instruments - Fair Value of Derivative Financial Assets and Liabilities (Details) - CAD ($) $ in Thousands		Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Fair value of derivative financial assets, current		$ 38,652	$ 36,353
Fair value of derivative financial assets, non-current		22,466	28,792
Fair value of derivative financial liabilities, current		101,478	113,438
Fair value of derivative financial liabilities, non-current		86,526	76,268
Physical forward contracts and options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	[1]	24,021	24,549
Fair value of derivative financial assets, non-current	[1]	15,946	17,673
Fair value of derivative financial liabilities, current	[1]	90,552	57,461
Fair value of derivative financial liabilities, non-current	[1]	80,345	51,836
Financial swap contracts and options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	[2]	11,127	6,915
Fair value of derivative financial assets, non-current	[2]	4,541	1,492
Fair value of derivative financial liabilities, current	[2]	10,244	53,917
Fair value of derivative financial liabilities, non-current	[2]	4,552	24,432
Foreign exchange forward contracts [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current			4,519
Fair value of derivative financial assets, non-current			3,036
Fair value of derivative financial liabilities, current		109
Fair value of derivative financial liabilities, non-current		1,415
Weather derivative [Member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current	[3]	848
Fair value of derivative financial assets, non-current	[3]
Fair value of derivative financial liabilities, current	[3]	573	280
Fair value of derivative financial liabilities, non-current	[3]	214
Other derivative options [member]
Statement Line Items [Line Items]
Fair value of derivative financial assets, current		2,656	370
Fair value of derivative financial assets, non-current		1,979	6,591
Fair value of derivative financial liabilities, current			1,780
Fair value of derivative financial liabilities, non-current
[1]	Physical forward contracts and options consist of: - Electricity contracts with a total remaining volume of 26,542,466 MWh, a weighted average price of $48.79/MWh and expiry dates up to December 31, 2029. - Natural gas contracts with a total remaining volume of 81,119,737 GJs, a weighted average price of $2.95/GJ and expiry dates up to October 31, 2025. - Renewable energy certificates ("RECs") with a total remaining volume of 3,852,641 MWh, a weighted average price of $37.21/REC and expiry dates up to December 31, 2028. - Electricity generation capacity contracts with a total remaining volume of 2,123 MWCap, a weighted average price of $6,344.71/MWCap and expiry dates up to May 31, 2024. - Ancillary contracts with a total remaining volume of 230,805 MWh, a weighted average price of $20.68/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 14,602,750 MWh, an average price of $42.98/MWh and expiry dates up to December 31, 2024. 12 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) - Natural gas contracts with a total remaining volume of 106,079,580 GJs, an average price of $3.38/GJ and expiry dates up to December 31, 2025. - Electricity generation capacity contracts with a total remaining volume of 3 MWCap, a weighted average price of $3,862.14/MWCap and expiry dates up to October 31, 2020. - Ancillary contracts with a total remaining volume of 132,540 MWh, a weighted average price of $22.03/MWh and expiry dates up to December 31, 2020.
[3]	Weather derivatives consist of: - HDD collar options with HDD strikes set at 0.8 to 1.32 degree day wide, total tick size of $12,500 per HDD and an expiry date of March 31, 2021. - HDD natural gas swaps with price strikes ranging from US$1.75 to US$7.35/MmBTU and temperature strikes from 1,051 to 5,059 HDD and an expiry date of March 31, 2021. - HDD natural gas swaps with price strikes to be set on futures index and temperature strikes from 1,051 to 5,059 HDD and an expiry date of March 31, 2022. - Electricity call options with price strikes of $100/MWh, temperature strikes 84 degree F to 103 degree F and an expiry date of October 31, 2020. - Put options for CDDs with temperature strikes at historical averages, total tick size of $22 per CDD and an expiry date of September 30 or October 31, 2020.

Note 7 - Financial Instrument_6

Note 7 - Financial Instruments - Fair Value Measurement Input Sensitivity (Details) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Derivative financial assets	$ 61,118	$ 65,145
Derivative financial liabilities	(188,004)	(189,706)
Total net derivative financial assets (liabilities)	(126,886)	(124,561)
Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets
Derivative financial liabilities
Total net derivative financial assets (liabilities)
Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets	6,206
Derivative financial liabilities		(38,676)
Total net derivative financial assets (liabilities)	6,206	(38,676)
Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Derivative financial assets	54,912	65,145
Derivative financial liabilities	(188,004)	(151,030)
Total net derivative financial assets (liabilities)	$ (133,092)	$ (85,885)

Note 7 - Financial Instrument_7

Note 7 - Financial Instruments - Reconciliation of Level 3 Assets (Liabilities) (Details) - Level 3 of fair value hierarchy [member] - CAD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Balance, beginning of period	$ (85,885)	$ 17,310
Total losses	(15,431)	(3,822)
Purchases	(18,350)	(43,663)
Sales	(1,250)	14,549
Settlements	(12,175)	(70,259)
Balance, end of period	$ (133,091)	$ (85,885)

Note 8 - Trade and Other Paya_3

Note 8 - Trade and Other Payables - Schedule of Payables (Details) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Commodity suppliers' accruals and payables	$ 379,686	$ 414,581
Green provisions and repurchase obligations	80,766	103,245
Sales tax payable	21,072	19,706
Non-commodity trade accruals and accounts payable	56,921	117,473
Current portion of payable to former joint venture partner	16,734	18,194
Accrued gas payable		3,295
Other payables	13,734	9,171
Trade and other current payables	$ 568,913	$ 685,665

Note 9 - Long-term Debt and F_3

Note 9 - Long-term Debt and Financing (Details Textual) $ in Millions		Sep. 28, 2020CAD ($)shares	Sep. 30, 2020CAD ($)		Mar. 31, 2020CAD ($)		Oct. 01, 2020CAD ($)	Sep. 28, 2020USD ($)	Sep. 28, 2020CAD ($)	Sep. 27, 2020USD ($)	Sep. 27, 2020CAD ($)	Sep. 27, 2019CAD ($)	Oct. 01, 2018	Apr. 18, 2018
Statement Line Items [Line Items]
Total borrowings			$ 499,993,000		$ 782,003,000
Borrowings, interest rate								8.50%	8.50%
Credit facility [member]
Statement Line Items [Line Items]
Total borrowings	[1]		206,296,000		236,389,000
Commitments, maximum asset dispositions before required reductions			500,000,000
Borrowings, reduction if required by covenants			30,000,000
Borrowings, covenants, maximum cumulative EBITDA			176,000,000
Borrowings, interest rate								5.25%	5.25%	3.75%	3.75%
Borrowings, letters of credit			69,109,000		72,500,000
Total borrowing costs incurred	[1]		$ 4,625,000		1,644,000
Credit facility [member] | London Interbank Offered Rate (LIBOR) [member]
Statement Line Items [Line Items]
Borrowings, adjustment to interest rate basis								5.25%	5.25%					3.75%
Credit facility [member] | Prime Rate [member]
Statement Line Items [Line Items]
Borrowings, adjustment to interest rate basis								4.25%	4.25%					2.75%
Credit facility [member] | Prime Rate [member] | Country of domicile [member]
Statement Line Items [Line Items]
Borrowings, interest rate			2.45%
Credit facility [member] | Prime Rate [member] | UNITED STATES
Statement Line Items [Line Items]
Borrowings, interest rate			3.25%
Credit facility [member] | Debt agreement recapitalization [member]
Statement Line Items [Line Items]
Total borrowings									$ 335,000,000		$ 335,000,000
HTC loan [member]
Statement Line Items [Line Items]
Total borrowings	[2]		$ 6,438,000		9,690,000
HTC loan [member] | Filter Group Inc [member]
Statement Line Items [Line Items]
Total borrowings			6,400,000
Borrowings, interest rate													8.99%
The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Total borrowings			$ 15,000,000	[3]		[3]	$ 13,100,000		$ 15,000,000
Borrowings, interest rate			7.00%					7.00%	7.00%
Notional amount			$ 15,000,000						$ 15,000,000
Borrowings, term (Year)		6 years
Total borrowing costs incurred		$ 2,000,000	2,000,000	[3]		[3]
The 10.25% term loan [Member]
Statement Line Items [Line Items]
Total borrowings			$ 278,884,000	[4]		[4]		$ 205.9
Borrowings, interest rate			10.25%					10.25%	10.25%
Borrowings, interest rate, if paid in cash								9.75%	9.75%
Borrowings, prepayment penalty, percentage								5.00%	5.00%
Borrowings, conversion of convertible instruments, shares issued (in shares) | shares		786,982
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Total borrowings				[5]	$ 280,535,000	[5]				$ 207
Borrowings, interest rate			8.75%		8.75%			8.75%	8.75%	8.75%	8.75%
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Total borrowings	[6]				$ 90,187,000
Borrowings, interest rate			6.75%	[7]	6.75%	[7]		6.50%	6.50%
Notional amount			$ 100,000,000	[7]	$ 100,000,000	[7]			$ 100,000,000
Borrowings, conversion of convertible instruments, shares issued (in shares) | shares		3,592,069
The $160 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate								6.75%	6.75%
Notional amount									$ 160,000,000
Borrowings, conversion of convertible instruments, shares issued (in shares) | shares		5,747,310
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Total borrowings												$ 9,200,000
Borrowings, interest rate								6.50%	6.50%
Borrowings, conversion of convertible instruments, shares issued (in shares) | shares		35,737
[1]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.
[2]	Filter Group has a $6.4 million outstanding loan payable to Home Trust Company ("HTC"). The loan is a result of factoring receivables to finance the cost of rental equipment over a period of three to five years with HTC and bears interest at 8.99% per annum. Principal and interest are repayable monthly.
[3]	As part of the Recapitalization, Just Energy issued $15 million principal amount of 7.0% subordinated notes ("7.0% $15M subordinated notes") to holders of the subordinated convertible debentures, which has a six-year maturity. The 7.0% subordinated notes bear an annual interest rate of 7.0% payable in-kind semi-annually on March 15 and September 15. A $2.0 million fee related to the issuance of the notes was capitalized at inception to be amortized over the term of the agreement.
[4]	As part of the Recapitalization, Just Energy issued a US$205.9 million principal note (the "10.25% term loan) maturing on March 31, 2024. The note bears interest at 10.25% and payments will be capitalized into the note. The interest is capitalized on a semi-annual basis on September 30 and March 31. Upon achieving certain financial measures, the Company will pay either 50% or 100% of the interest in cash at a 9.75% rate on a semi-annual basis. Certain senior debt to EBITDA ratios have been established as well as minimum EBITDA requirements for a trailing four quarter period. Voluntary prepayments are allowed within the agreement subject to a prepayment penalty of 5.0%. The outstanding balance at time of maturity will be amortized as interest expense over the term of the agreement. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' deficit in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred income 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 June 30, 2020.
[5]	On September 28, 2020, the 8.75% loan was exchanged into the 10.25% term loan and 786,982 common shares as part of the Recapitalization transaction described in Note 12(c). Prior to the Recapitalization transaction on September 27, 2020, US$207.0 million was outstanding on the 8.75% loan plus accrued interest.
[6]	As part of the Recapitalization described in Note 12(c), the 6.5% $100 million convertible debentures were exchanged for 3,592,069 common shares along with it's pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[7]	As part of the Recapitalization described in Note 12(c), the 6.5% $100 million convertible debentures were exchanged for 3,592,069 common shares along with it's pro-rata share of the $15 million subordinated note and the payment of accrued interest.

Note 9 - Long-term Debt and F_4

Note 9 - Long-term Debt and Financing - Components of Long-term Debt (Details) $ in Millions		Sep. 28, 2020CAD ($)	Sep. 30, 2020CAD ($)		Mar. 31, 2020CAD ($)		Oct. 01, 2020CAD ($)	Sep. 28, 2020USD ($)	Sep. 28, 2020CAD ($)	Sep. 27, 2020USD ($)	Sep. 27, 2020CAD ($)
Statement Line Items [Line Items]
Debt			$ 499,993,000		$ 782,003,000
Less: Current portion			(3,958,000)		(253,485,000)
Total non-current portion of non-current borrowings			496,035,000		528,518,000
Credit facility [member]
Statement Line Items [Line Items]
Debt	[1]		206,296,000		236,389,000
Less: Debt issue costs (a)	[1]		(4,625,000)		(1,644,000)
HTC loan [member]
Statement Line Items [Line Items]
Debt	[2]		6,438,000		9,690,000
The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Debt			15,000,000	[3]		[3]	$ 13,100,000		$ 15,000,000
Less: Debt issue costs (a)		$ (2,000,000)	(2,000,000)	[3]		[3]
The 10.25% term loan [Member]
Statement Line Items [Line Items]
Debt			278,884,000	[4]		[4]		$ 205.9
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Debt				[5]	280,535,000	[5]				$ 207
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Debt	[6]				90,187,000
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Debt				[7]	153,995,000	[7]					$ 100,000,000
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Debt	[8]				$ 12,851,000
[1]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.
[2]	Filter Group has a $6.4 million outstanding loan payable to Home Trust Company ("HTC"). The loan is a result of factoring receivables to finance the cost of rental equipment over a period of three to five years with HTC and bears interest at 8.99% per annum. Principal and interest are repayable monthly.
[3]	As part of the Recapitalization, Just Energy issued $15 million principal amount of 7.0% subordinated notes ("7.0% $15M subordinated notes") to holders of the subordinated convertible debentures, which has a six-year maturity. The 7.0% subordinated notes bear an annual interest rate of 7.0% payable in-kind semi-annually on March 15 and September 15. A $2.0 million fee related to the issuance of the notes was capitalized at inception to be amortized over the term of the agreement.
[4]	As part of the Recapitalization, Just Energy issued a US$205.9 million principal note (the "10.25% term loan) maturing on March 31, 2024. The note bears interest at 10.25% and payments will be capitalized into the note. The interest is capitalized on a semi-annual basis on September 30 and March 31. Upon achieving certain financial measures, the Company will pay either 50% or 100% of the interest in cash at a 9.75% rate on a semi-annual basis. Certain senior debt to EBITDA ratios have been established as well as minimum EBITDA requirements for a trailing four quarter period. Voluntary prepayments are allowed within the agreement subject to a prepayment penalty of 5.0%. The outstanding balance at time of maturity will be amortized as interest expense over the term of the agreement. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' deficit in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred income 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 June 30, 2020.
[5]	On September 28, 2020, the 8.75% loan was exchanged into the 10.25% term loan and 786,982 common shares as part of the Recapitalization transaction described in Note 12(c). Prior to the Recapitalization transaction on September 27, 2020, US$207.0 million was outstanding on the 8.75% loan plus accrued interest.
[6]	As part of the Recapitalization described in Note 12(c), the 6.5% $100 million convertible debentures were exchanged for 3,592,069 common shares along with it's pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[7]	As part of the Recapitalization described in Note 12(c), the 6.75% $160 million convertible debentures were exchanged for 5,747,310 common shares along with its pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[8]	On September 28, 2020, as part of the Recapitalization, the 6.5% convertible bonds were exchange for 35,737 common shares. Prior to the Recapitalization transaction on September 27, 2020, $9.2 million was outstanding in the 6.5% convertible bonds.

Note 9 - Long-term Debt and F_5

Note 9 - Long-term Debt and Financing - Components of Long-term Debt (Details) (Parentheticals) - CAD ($) $ in Millions		Sep. 30, 2020		Sep. 28, 2020	Sep. 27, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Interest rate				8.50%
The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Interest rate		7.00%		7.00%
Face amount		$ 15		$ 15
The 10.25% term loan [Member]
Statement Line Items [Line Items]
Interest rate		10.25%		10.25%
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Interest rate		8.75%		8.75%	8.75%	8.75%
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Interest rate		6.75%	[1]	6.50%		6.75%	[1]
Face amount		$ 100	[1]	$ 100		$ 100	[1]
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Interest rate		6.75%	[2]		6.75%	6.75%	[2]
Face amount	[2]	$ 160				$ 160
European-focused senior convertible unsecured 6.5% convertible bonds, conversion feature [member]
Statement Line Items [Line Items]
Interest rate	[3]					6.50%
[1]	As part of the Recapitalization described in Note 12(c), the 6.5% $100 million convertible debentures were exchanged for 3,592,069 common shares along with it's pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[2]	As part of the Recapitalization described in Note 12(c), the 6.75% $160 million convertible debentures were exchanged for 5,747,310 common shares along with its pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[3]	On September 28, 2020, as part of the Recapitalization, the 6.5% convertible bonds were exchange for 35,737 common shares. Prior to the Recapitalization transaction on September 27, 2020, $9.2 million was outstanding in the 6.5% convertible bonds.

Note 9 - Long-term Debt and F_6

Note 9 - Long-term Debt and Financing - Future Annual Minimum Repayments (Details) $ in Thousands	Sep. 30, 2020CAD ($)
Statement Line Items [Line Items]
Future annual minimum repayments	$ 520,562
Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments	206,296	[1]
Filter Group financing [Member]
Statement Line Items [Line Items]
Future annual minimum repayments	6,438	[2]
The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Future annual minimum repayments	15,000	[3]
The 10.25% term loan [Member]
Statement Line Items [Line Items]
Future annual minimum repayments	292,828	[4]
Not later than one year [member]
Statement Line Items [Line Items]
Future annual minimum repayments	3,958
Not later than one year [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[1]
Not later than one year [member] | Filter Group financing [Member]
Statement Line Items [Line Items]
Future annual minimum repayments	3,958	[2]
Not later than one year [member] | The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Not later than one year [member] | The 10.25% term loan [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	208,776
Later than one year and not later than three years [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments	206,296	[1]
Later than one year and not later than three years [member] | Filter Group financing [Member]
Statement Line Items [Line Items]
Future annual minimum repayments	2,480	[2]
Later than one year and not later than three years [member] | The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Later than one year and not later than three years [member] | The 10.25% term loan [Member]
Statement Line Items [Line Items]
Future annual minimum repayments		[4]
Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Future annual minimum repayments	292,828
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] | Filter Group financing [Member]
Statement Line Items [Line Items]
Future annual minimum repayments		[2]
Later than four years and not later than five years [member] | The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[3]
Later than four years and not later than five years [member] | The 10.25% term loan [Member]
Statement Line Items [Line Items]
Future annual minimum repayments	292,828	[4]
Later than five years [member]
Statement Line Items [Line Items]
Future annual minimum repayments	15,000
Later than five years [member] | Credit facility [member]
Statement Line Items [Line Items]
Future annual minimum repayments		[1]
Later than five years [member] | Filter Group financing [Member]
Statement Line Items [Line Items]
Future annual minimum repayments		[2]
Later than five years [member] | The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Future annual minimum repayments	15,000	[3]
Later than five years [member] | The 10.25% term loan [Member]
Statement Line Items [Line Items]
Future annual minimum repayments		[4]
[1]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.
[2]	Filter Group has a $6.4 million outstanding loan payable to Home Trust Company ("HTC"). The loan is a result of factoring receivables to finance the cost of rental equipment over a period of three to five years with HTC and bears interest at 8.99% per annum. Principal and interest are repayable monthly.
[3]	As part of the Recapitalization, Just Energy issued $15 million principal amount of 7.0% subordinated notes ("7.0% $15M subordinated notes") to holders of the subordinated convertible debentures, which has a six-year maturity. The 7.0% subordinated notes bear an annual interest rate of 7.0% payable in-kind semi-annually on March 15 and September 15. A $2.0 million fee related to the issuance of the notes was capitalized at inception to be amortized over the term of the agreement.
[4]	As part of the Recapitalization, Just Energy issued a US$205.9 million principal note (the "10.25% term loan) maturing on March 31, 2024. The note bears interest at 10.25% and payments will be capitalized into the note. The interest is capitalized on a semi-annual basis on September 30 and March 31. Upon achieving certain financial measures, the Company will pay either 50% or 100% of the interest in cash at a 9.75% rate on a semi-annual basis. Certain senior debt to EBITDA ratios have been established as well as minimum EBITDA requirements for a trailing four quarter period. Voluntary prepayments are allowed within the agreement subject to a prepayment penalty of 5.0%. The outstanding balance at time of maturity will be amortized as interest expense over the term of the agreement.

Note 9 - Long-term Debt and F_7

Note 9 - Long-term Debt and Financing - Finance costs (Details) - CAD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Finance costs		$ 29,744	$ 28,451	$ 51,597	$ 51,997
Credit facility [member]
Statement Line Items [Line Items]
Finance costs	[1]	5,382	5,995	10,517	12,047
Filter Group financing [Member]
Statement Line Items [Line Items]
Finance costs	[2]	169	117	375	501
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Finance costs	[3]	8,791	10,283	18,055	17,620
The $100 million 6.75% of convertible unsecured senior subordinated debentures [member]
Statement Line Items [Line Items]
Finance costs	[4]	2,354	2,337	4,762	4,674
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Finance costs	[5]	3,452	3,462	6,948	6,892
European-focused senior convertible unsecured 6.5% convertible bonds [member]
Statement Line Items [Line Items]
Finance costs	[6]	261	1,413	536	2,217
Supplier finance and others [member]
Statement Line Items [Line Items]
Finance costs	[7]	$ 9,335	$ 4,844	$ 10,404	$ 8,046
[1]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.
[2]	Filter Group has a $6.4 million outstanding loan payable to Home Trust Company ("HTC"). The loan is a result of factoring receivables to finance the cost of rental equipment over a period of three to five years with HTC and bears interest at 8.99% per annum. Principal and interest are repayable monthly.
[3]	On September 28, 2020, the 8.75% loan was exchanged into the 10.25% term loan and 786,982 common shares as part of the Recapitalization transaction described in Note 12(c). Prior to the Recapitalization transaction on September 27, 2020, US$207.0 million was outstanding on the 8.75% loan plus accrued interest.
[4]	As part of the Recapitalization described in Note 12(c), the 6.5% $100 million convertible debentures were exchanged for 3,592,069 common shares along with it's pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[5]	As part of the Recapitalization described in Note 12(c), the 6.75% $160 million convertible debentures were exchanged for 5,747,310 common shares along with its pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[6]	On September 28, 2020, as part of the Recapitalization, the 6.5% convertible bonds were exchange for 35,737 common shares. Prior to the Recapitalization transaction on September 27, 2020, $9.2 million was outstanding in the 6.5% convertible bonds.
[7]	Supplier finance and other costs for the quarter ended September 30, 2020 primarily consists of charges for extended payment terms.

Note 9 - Long-term Debt and F_8

Note 9 - Long-term Debt and Financing - Senior Secured Credit Facility (Details) - CAD ($) $ in Thousands		Sep. 30, 2020	Mar. 31, 2020
Statement Line Items [Line Items]
Outstanding advances		$ (499,993)	$ (782,003)
Credit facility [member]
Statement Line Items [Line Items]
Total commitments		335,000
Outstanding advances	[1]	(206,296)	(236,389)
Letters of credit outstanding		(69,109)	$ (72,500)
Remaining capacity		$ 59,595
[1]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.

Note 9 - Long-term Debt and F_9

Note 9 - Long-term Debt and Financing - Scheduled Mandatory Commitment Reductions (Details) - CAD ($) $ in Millions		Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021
Forecast [Member] | Credit facility [member]
Statement Line Items [Line Items]
Mandatory borrowing commitment reductions	[1]	$ 35	$ 35	$ 35	$ 35	$ 35	$ 35
[1]	In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million.

Note 10 - Reportable Business_3

Note 10 - Reportable Business Segments (Details Textual)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020
Electricity contracts [member]
Statement Line Items [Line Items]
Percentage of entity's revenue	95.00%	94.00%	92.00%
Gas contracts [member]
Statement Line Items [Line Items]
Percentage of entity's revenue	5.00%	6.00%	8.00%

Note 10 - Reportable Business_4

Note 10 - Reportable Business Segments - Components of Segments (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Statement Line Items [Line Items]
Sales	$ 649,602	$ 768,440	$ 1,242,736	$ 1,438,605
Cost of goods sold	428,891	843,788	752,888	1,301,729
Gross margin	220,711	(75,348)	489,848	136,876
Depreciation of property and equipment	1,647	2,516	4,334	5,503
Amortization of intangible assets	4,026	5,988	8,618	13,600
Administrative expenses	43,957	41,466	82,099	82,269
Selling and marketing expenses	47,912	54,279	94,871	115,983
Other operating expenses	15,092	31,338	27,724	56,504
Segment profit (loss) for the period	108,077	(210,935)	272,202	(136,983)
Finance costs	(29,744)	(28,451)	(51,597)	(51,997)
Restructuring costs	(7,118)		(7,118)
Gain on Recapitalization transaction, net	52,152		50,341
Unrealized gain (loss) of derivative instruments and other	(84,968)	65,463	(7,619)	(176,536)
Realized gain (loss) of derivative instruments	(85,457)	236,500	(219,903)	156,568
Other income (expense), net	(2,425)	28,825	(3,057)	28,085
Provision for income taxes	(673)	(2,053)	(1,307)	241
Profit (Loss) for the period from continuing operations	(50,156)	89,349	31,942	(180,622)
Loss from discontinued operations	(1,210)	(9,809)	(4,158)	(14,998)
Profit (loss) for the period	(51,366)	79,540	27,784	(195,620)
Capital expenditures	2,987	532	4,673	6,201
Provision for income taxes	(673)	(2,053)	(1,307)	241
Other income (expense), net	(2,425)	28,825	(3,057)	28,085
Total goodwill	268,006	325,468	268,006	325,468	$ 272,692
Total assets	1,137,667	1,561,870	1,137,667	1,561,870
Total liabilities	1,308,416	1,867,309	1,308,416	1,867,309
Profit (Loss) for the period	(51,366)	79,540	27,784	(195,620)
Consumer division [member]
Statement Line Items [Line Items]
Sales	402,903	474,209	774,699	884,207
Cost of goods sold	249,411	487,424	434,852	746,683
Gross margin	153,492	(13,215)	339,847	137,524
Depreciation of property and equipment	1,626	2,483	4,287	5,432
Amortization of intangible assets	3,147	5,301	6,851	12,221
Administrative expenses	10,438	9,290	18,899	20,525
Selling and marketing expenses	29,666	34,578	57,222	76,378
Other operating expenses	11,954	29,483	21,069	53,214
Segment profit (loss) for the period	96,661	(94,350)	231,519	(30,246)
Finance costs
Restructuring costs
Gain on Recapitalization transaction, net
Unrealized gain (loss) of derivative instruments and other
Realized gain (loss) of derivative instruments
Other income (expense), net
Provision for income taxes
Profit (Loss) for the period from continuing operations
Loss from discontinued operations
Profit (loss) for the period
Capital expenditures	2,695	731	4,216	5,650
Provision for income taxes
Other income (expense), net
Total goodwill	171,352	165,989	171,352	165,989
Total assets	883,098	1,153,935	883,098	1,153,935
Total liabilities	1,176,596	1,638,809	1,176,596	1,638,809
Profit (Loss) for the period
Commercial division [member]
Statement Line Items [Line Items]
Sales	246,699	294,231	468,037	554,398
Cost of goods sold	179,480	356,364	318,036	555,046
Gross margin	67,219	(62,133)	150,001	(648)
Depreciation of property and equipment	21	33	47	71
Amortization of intangible assets	879	687	1,767	1,379
Administrative expenses	4,763	6,527	10,598	12,678
Selling and marketing expenses	18,246	19,701	37,649	39,605
Other operating expenses	3,138	1,855	6,655	3,290
Segment profit (loss) for the period	40,172	(90,936)	93,285	(57,671)
Finance costs
Restructuring costs
Gain on Recapitalization transaction, net
Unrealized gain (loss) of derivative instruments and other
Realized gain (loss) of derivative instruments
Other income (expense), net
Provision for income taxes
Profit (Loss) for the period from continuing operations
Loss from discontinued operations
Profit (loss) for the period
Capital expenditures	292	(199)	457	551
Provision for income taxes
Other income (expense), net
Total goodwill	96,654	159,479	96,654	159,479
Total assets	254,569	407,935	254,569	407,935
Total liabilities	131,820	228,500	131,820	228,500
Profit (Loss) for the period
Corporate [member]
Statement Line Items [Line Items]
Sales
Cost of goods sold
Gross margin
Depreciation of property and equipment
Amortization of intangible assets
Administrative expenses	28,756	25,649	52,602	49,066
Selling and marketing expenses
Other operating expenses
Segment profit (loss) for the period	(28,756)	(25,649)	(52,602)	(49,066)
Finance costs
Restructuring costs
Gain on Recapitalization transaction, net
Unrealized gain (loss) of derivative instruments and other
Realized gain (loss) of derivative instruments
Other income (expense), net
Provision for income taxes
Profit (Loss) for the period from continuing operations
Loss from discontinued operations
Profit (loss) for the period
Capital expenditures
Provision for income taxes
Other income (expense), net
Total goodwill
Total assets
Total liabilities
Profit (Loss) for the period

Note 10 - Reportable Business_5

Note 10 - Reportable Business Segments - Geographical Disclosure (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Sales	$ 649,602	$ 768,440	$ 1,242,736	$ 1,438,605
Non-current assets	380,266	399,752	380,266	399,752
CANADA
Statement Line Items [Line Items]
Sales	63,891	66,667	122,038	142,152
Non-current assets	232,671	233,678	232,671	233,678
UNITED STATES
Statement Line Items [Line Items]
Sales	585,711	701,773	1,120,698	1,296,453
Non-current assets	$ 147,595	$ 166,074	$ 147,595	$ 166,074

Note 11 - Income Taxes - Compon

Note 11 - Income Taxes - Components of Tax Expenses (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Current income tax expense	$ 493	$ 3,051	$ 1,366	$ 3,513
Deferred income tax expense (recovery)	180	(998)	(59)	(3,754)
Provision for (recovery of) income taxes	$ 673	$ 2,053	$ 1,307	$ (241)

Note 12 - Shareholders' Capit_3

Note 12 - Shareholders' Capital (Details Textual) $ / shares in Units, $ in Millions		Sep. 28, 2020CAD ($)shares	Sep. 30, 2020CAD ($)$ / sharesshares		Sep. 30, 2019CAD ($)$ / shares	Sep. 30, 2020CAD ($)$ / sharesshares		Sep. 30, 2019CAD ($)$ / shares	Jun. 05, 2021CAD ($)	Oct. 01, 2020CAD ($)	Sep. 28, 2020USD ($)	Sep. 28, 2020CAD ($)$ / shares	Sep. 27, 2020USD ($)	Sep. 27, 2020CAD ($)	Mar. 31, 2020CAD ($)
Statement Line Items [Line Items]
Par value per share (in CAD per share) | $ / shares			$ 0			$ 0
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share (in CAD per share) | $ / shares			$ 0		$ 0	$ 0		$ 0.125
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners								$ 18,700,000
Borrowings, interest rate											8.50%	8.50%
Total borrowings			$ 499,993,000			$ 499,993,000									$ 782,003,000
Value of shares issued to term loan lenders		$ 3,700,000
Post-consolidation common shares subscription, price per share (in CAD per share) | $ / shares												$ 3.412
post-consolidation common shares subscription, shares (in shares) | shares		15,174,950
Proceeds from post-consolidation common shares subscription		$ 52,000,000
Common stock acquired by backstop parties (in shares) | shares		14,137,580
Proceeds from common stock issued to backstop parties		$ 48,000,000
Proceeds from the equity subscription		100,000,000
Equity subscription, price (in CAD per share) | $ / shares												$ 4.868
Gains (losses) on recapitalization transaction, net			$ 52,152,000			50,341,000
Gains (losses) on recapitalization transaction						77,000,000
Recapitalization transaction Expenses incured						$ 26,700,000
Filter Group Inc [member]
Statement Line Items [Line Items]
settlement of litigation, cash payment		$ 1,800,000
Settlement of litigation, common shares (in shares) | shares		429,958
Senior subordinated 6.75% convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate			6.75%	[1]		6.75%	[1]						6.75%	6.75%	6.75%	[1]
Total borrowings				[2]			[2]							$ 100,000,000	$ 153,995,000	[2]
The 6.75% convertible bonds [member]
Statement Line Items [Line Items]
Borrowings, interest rate													6.75%	6.75%
Total borrowings									$ 160,000,000
The $15 million 7.0% of subordinated notes [member]
Statement Line Items [Line Items]
Borrowings, interest rate			7.00%			7.00%					7.00%	7.00%
Total borrowings			$ 15,000,000	[3]		$ 15,000,000	[3]			$ 13,100,000		$ 15,000,000				[3]
Credit facility [member]
Statement Line Items [Line Items]
Borrowings, interest rate											5.25%	5.25%	3.75%	3.75%
Total borrowings	[4]		$ 206,296,000			$ 206,296,000									$ 236,389,000
Credit facility [member] | Debt agreement recapitalization [member]
Statement Line Items [Line Items]
Total borrowings												$ 335,000,000		$ 335,000,000
Senior unsecured 8.75% term loan [member]
Statement Line Items [Line Items]
Borrowings, interest rate			8.75%			8.75%					8.75%	8.75%	8.75%	8.75%	8.75%
Total borrowings				[5]			[5]						$ 207		$ 280,535,000	[5]
The 10.25% term loan [Member]
Statement Line Items [Line Items]
Borrowings, interest rate			10.25%			10.25%					10.25%	10.25%
Total borrowings			$ 278,884,000	[6]		$ 278,884,000	[6]				$ 205.9					[6]
Convertible debentures [member]
Statement Line Items [Line Items]
Borrowings, interest rate													6.50%	6.50%
Preference shares [member]
Statement Line Items [Line Items]
Number of shares authorised (in shares) | shares			50,000,000			50,000,000
Number of shares issued and fully paid (in shares) | shares			0			0
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners								3,300,000
Dividends recognised as distributions to owners of parent			$ 0		$ 0	$ 0		$ 0.53125
Ordinary shares [member]
Statement Line Items [Line Items]
Dividends recognised as distributions to owners of parent			$ 0			$ 23,000
[1]	As part of the Recapitalization described in Note 12(c), the 6.75% $160 million convertible debentures were exchanged for 5,747,310 common shares along with its pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[2]	As part of the Recapitalization described in Note 12(c), the 6.75% $160 million convertible debentures were exchanged for 5,747,310 common shares along with its pro-rata share of the $15 million subordinated note and the payment of accrued interest.
[3]	As part of the Recapitalization, Just Energy issued $15 million principal amount of 7.0% subordinated notes ("7.0% $15M subordinated notes") to holders of the subordinated convertible debentures, which has a six-year maturity. The 7.0% subordinated notes bear an annual interest rate of 7.0% payable in-kind semi-annually on March 15 and September 15. A $2.0 million fee related to the issuance of the notes was capitalized at inception to be amortized over the term of the agreement.
[4]	As part of the Recapitalization, Just Energy extended the $335 million senior secured credit facility to December 2023, which was previously scheduled to mature in December 2020. Certain principal amounts outstanding under the letter of credit facility is guaranteed by Export Development Canada under its Account Performance Security Guarantee Program. Just Energy's obligations under the $335 million senior secured 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, Filter Group, and German operations. Just Energy has also entered into an inter-creditor agreement in which certain commodity and hedge providers are also secured by the same collateral. As at September 30, 2020, the Company was compliant with all of its covenants. The tables below show Just Energy's liquidity position and its scheduled mandatory commitment reductions. Senior secured credit facility as at September 30, 2020: Total commitments $ 335,000 Outstanding advances (206,296 ) Letters of credit outstanding (69,109 ) Remaining capacity $ 59,595 19 JUST ENERGY GROUP INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended September 30, 2020 (unaudited in thousands of Canadian dollars, except where indicated and per share amounts) Scheduled mandatory commitment reductions1: March 31, 2021 $ 35,000 September 30, 2021 35,000 March 31, 2022 35,000 September 30, 2022 35,000 March 31, 2023 35,000 September 30, 2023 35,000 1In addition to the scheduled mandatory commitment reductions in the table above, Just Energy will be required to reduce the commitments for the sale of unrestricted subsidiaries and for asset dispositions in any fiscal year greater than $500,000. On November 30, 2021, the facility will also be reduced by the lesser of (a) $30 million less the aggregate of all commitment reductions made related to the after-tax proceeds from certain assets on or before November 30,2021, and (b) the cumulative EBITDA for the trailing five fiscal quarters measured at September 30, 2021 less $176.0 million. Prior to September 28, 2020, interest was 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 was able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 3.750%. Prime rate advances were at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 2.750% and letters of credit were at a rate of 3.750%. Subsequent to the Recapitalization on September 28, 2020, under the terms of the senior secured credit facility, Just Energy is able to make use of Bankers' Acceptances and LIBOR advances at stamping fees of 5.25%. Prime rate advances are at a rate of bank prime (Canadian bank prime rate or U.S. prime rate) plus 4.25% and letters of credit are at a rate of 5.25%. Interest rates are adjusted quarterly based on certain financial performance indicators. As at September 30, 2020, the Canadian prime rate was 2.45% and the U.S. prime rate was 3.25%. As at September 30, 2020, $206.3 million has been drawn against the facility and total letters of credit outstanding as of September 30, 2020 amounted to $69.1 million (March 31, 2020- $72.5 million). As at September 30, 2020, Just Energy has $59.6 million of the facility remaining 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 Barbados and German operations.
[5]	On September 28, 2020, the 8.75% loan was exchanged into the 10.25% term loan and 786,982 common shares as part of the Recapitalization transaction described in Note 12(c). Prior to the Recapitalization transaction on September 27, 2020, US$207.0 million was outstanding on the 8.75% loan plus accrued interest.
[6]	As part of the Recapitalization, Just Energy issued a US$205.9 million principal note (the "10.25% term loan) maturing on March 31, 2024. The note bears interest at 10.25% and payments will be capitalized into the note. The interest is capitalized on a semi-annual basis on September 30 and March 31. Upon achieving certain financial measures, the Company will pay either 50% or 100% of the interest in cash at a 9.75% rate on a semi-annual basis. Certain senior debt to EBITDA ratios have been established as well as minimum EBITDA requirements for a trailing four quarter period. Voluntary prepayments are allowed within the agreement subject to a prepayment penalty of 5.0%. The outstanding balance at time of maturity will be amortized as interest expense over the term of the agreement. The conversion feature of the 6.75% $100 million convertible debentures has been accounted for as a separate component of shareholders' deficit in the amount of $9.7 million. Upon initial recognition of the convertible debentures, Just Energy recorded a deferred income 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 June 30, 2020.

Note 12 - Shareholders' Capit_4

Note 12 - Shareholders' Capital - Classes of Share Capital (Details) - CAD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Statement Line Items [Line Items]
Balance, beginning of period	$ (495,288)
Balance, end of period	$ (170,749)	$ (382,744)	$ (495,288)
Issued capital [member]
Statement Line Items [Line Items]
Balance, beginning of period (in shares)	9,256,536
Balance, beginning of period	$ 1,246,829
Balance, end of period (in shares)	47,987,581		9,256,536
Balance, end of period	$ 1,537,110	$ 1,245,534	$ 1,246,829
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Balance, beginning of period (in shares)	4,594,371	4,533,211	4,533,211
Balance, beginning of period	$ 1,099,864	$ 1,088,538	$ 1,088,538
Share-based awards exercised (in shares)	798		61,160
Share-based units exercised	$ 176	10,031	$ 11,326
Issuance of shares due to Recapitalization (in shares)	43,392,412
Issuance of shares due to Recapitalization	$ 438,642
Issuance cost	$ (1,572)
Balance, end of period (in shares)	47,987,581		4,594,371
Balance, end of period	$ 1,537,110	$ 1,098,569	$ 1,099,864
Preference shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Balance, beginning of period (in shares)	4,662,165	4,662,165	4,662,165
Balance, beginning of period	$ 146,965	$ 146,965	$ 146,965
Balance, end of period (in shares)			4,662,165
Balance, end of period		146,965	$ 146,965
Exchanged to common shares (in shares)	(4,662,165)
Settled with common shares	$ (146,965)

Note 13 - Other Expenses (Detai

Note 13 - Other Expenses (Details Textual) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Employee expense, included in adminstrative expenses	$ 17	$ 15.5	$ 32.3	$ 38.9
Employee expense included in selling and marketing expneses	$ 26.5	$ 40	$ 54	$ 85.6

Note 13 - Other Expenses - Othe

Note 13 - Other Expenses - Other Operating Expenses (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Amortization of other intangible assets	$ 4,026	$ 6,090	$ 8,618	$ 14,463
Depreciation of property and equipment	1,647	2,516	4,334	5,503
Bad debt expense	11,662	29,570	23,602	46,857
Share-based compensation	3,430	1,667	4,122	8,784
Other expense	$ 20,765	$ 39,842	$ 40,676	$ 75,607

Note 13 - Other Expenses - Empl

Note 13 - Other Expenses - Employee Benefits Expense (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Wages, salaries and commissions	$ 37,155	$ 52,643	$ 73,374	$ 114,400
Benefits	6,389	2,834	12,877	10,104
Employee benefits expense	$ 43,544	$ 55,477	$ 86,251	$ 124,504

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Details Textual) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Expense of restructuring activities	$ 7,118		$ 7,118
Total restructuring provision	$ 2,500		$ 2,500

Note 15 - Profit (Loss) Per S_3

Note 15 - Profit (Loss) Per Share - Components of Earning Per Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Sep. 30, 2020		Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Line Items [Line Items]
Profit (loss) from continuing operations	$ (50,156)		$ 89,349	$ 31,942	$ (180,622)
Earnings (loss) available to shareholders	$ (51,366)		$ 79,540	$ 27,784	$ (195,620)
Basic weighted average shares outstanding (in shares)	11,479,960		9,872,780	10,684,039	9,826,058
Basic earnings (loss) per share from continuing operations (in CAD per share)	$ (4.37)		$ 9.05	$ 2.99	$ (18.38)
Basic earnings (loss) per share available to shareholders (in CAD per share)	$ (4.47)		$ 8.06	$ 2.60	$ (19.91)
Profit (loss) from continuing operations	$ (50,156)		$ 89,349	$ 31,942	$ (180,622)
Adjusted earnings (loss) available to shareholders	$ (51,366)		$ 79,540	$ 27,784	$ (195,620)
Restricted share grants (in shares)	63,364		830,481	654,031	88,814
Deferred share grants (in shares)	77	[1]	55,251	126,091	5,717
Shares outstanding on a diluted basis (in shares)	11,543,401		9,961,353	10,762,050	9,920,589
Diluted earnings (loss) from continuing operations per share available to shareholders (in CAD per share)	$ (4.37)		$ 8.97	$ 2.97	$ (18.38)
Diluted earnings (loss) per share available to shareholders (in CAD per share)	$ (4.47)		$ 7.98	$ 2.58	$ (19.91)
[1]	The assumed settlement of shares results in an anti-dilutive position; therefore, these items have not been included in the computation of diluted earnings (loss) per share.

Note 16 - Discontinued Operat_3

Note 16 - Discontinued Operations (Details Textual) $ in Millions	Apr. 10, 2020CAD ($)
Disposition of Just Energy Japan KK [member]
Statement Line Items [Line Items]
Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation	$ (1.1)

Note 16 - Discontinued Operat_4

Note 16 - Discontinued Operations - Discontinued Operations (Details) - CAD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Statement Line Items [Line Items]
Cash and cash equivalents	$ 77,965	$ 26,093	$ 26,093	$ 30,081	$ 9,927
Current trade and other receivables	356,092	403,907
Income taxes recoverable	10,099	6,641
Other current assets	154,471	203,270
Total current assets	658,890	686,767
Property and equipment	21,968	28,794
Intangible assets	90,292	98,266
ASSETS CLASSIFIED AS HELD FOR SALE	2,452	7,611
Trade and other payables	568,913	685,665
LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE	2,445	4,906
Disposition of businesses in Germany, Ireland, and Japan [member] | Discontinued operations [member]
Statement Line Items [Line Items]
Cash and cash equivalents	1,774	898
Current trade and other receivables	589	4,978
Income taxes recoverable	12	12
Other current assets	69	1,140
Total current assets	2,444	7,028
Property and equipment		38
Intangible assets	8	545
ASSETS CLASSIFIED AS HELD FOR SALE	2,452	7,611
Trade and other payables	2,362	4,823
Deferred revenue	83	83
LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE	$ 2,445	$ 4,906

Note 17 - Commitments and Con_3

Note 17 - Commitments and Contingencies (Details Textual) $ in Thousands, shares in Millions	3 Months Ended
	Sep. 30, 2020CAD ($)shares	Mar. 31, 2020CAD ($)
Statement Line Items [Line Items]
Legal proceedings, number of plaintiffs opted into federal minimum wage and overtime claims	1,800
Legal proceedings, number of plaintiffs certified as overtime claims	8,000
Conversion of class A special shares for common stock (in shares) | shares	6
Surety bond [member]
Statement Line Items [Line Items]
Estimated financial effect of contingent liabilities	$ 47,100	$ 63,400
Credit facility [member]
Statement Line Items [Line Items]
Borrowings, letters of credit	$ 69,109	$ 72,500

Note 17 - Commitments and Con_4

Note 17 - Commitments and Contingencies - Commitments (Details) $ in Thousands	Sep. 30, 2020CAD ($)
Statement Line Items [Line Items]
Gas, electricity and non-commodity contracts	$ 2,684,434
Not later than one year [member]
Statement Line Items [Line Items]
Gas, electricity and non-commodity contracts	681,679
Later than one year and not later than three years [member]
Statement Line Items [Line Items]
Gas, electricity and non-commodity contracts	1,562,935
Later than four years and not later than five years [member]
Statement Line Items [Line Items]
Gas, electricity and non-commodity contracts	337,880
Later than five years [member]
Statement Line Items [Line Items]
Gas, electricity and non-commodity contracts	$ 101,940