Nova Scotia Journal

Wednesday, August 17, 2022

Nova Scotia says ratepayers assured more affordable renewable electricity in historic procurement

Nova Scotia

Key takeaways: 

  • The natural resources minister states ratepayers won’t be burdened with the prices of new renewable energy projects.
  • A bid for proposals was given the previous month for wind and solar energy projects that will provide 10 percent of Nova Scotia’s electricity. 

Until Monday, firms have to announce their intention to bid on the biggest ever Nova Scotia government procurement for low-cost renewable energy — 350 megawatts, sufficient to power 110,000 houses.

Up to five projects are anticipated to be chosen later this summer to lower the region’s greenhouse gas emissions annually by almost a million tonnes.

Unlike the prior big government renewables program, ratepayers will not be burdened with costly electricity, said the region’s minister of natural resources and renewables.

“There’s a mechanism in there that is going to check what the energy cost can be. 

Ratepayers are heading to be protected,” said Tory Rushton. 

The bid for proposals for wind and solar energy projects given last month pledges to deliver electricity at least 57 percent more affordable than the broken community feed-in tariff program, also known as COMFIT.

Read more: Nova Scotians can predict a drop in gas costs

more affordable renewable electricity in historic procurement

The region has formed a maximum cost of 5.6 cents per kilowatt-hour compared to 13 cents under COMFIT.

Program destroyed in 2015

The then NDP government raised the program almost a decade ago to do jobs and get renewable electricity on the grid.

Community groups were assured higher costs for 20-year terms at 13 cents per kilowatt-hour.

The next Liberal government withdrew COMFIT in 2015, stating the program was increasing too pricey and would force Nova Scotia Power to grow electricity rates.

Almost 80 projects — mainly wind — were created under the program and today provide 150 megawatts into the grid.

This week, the Nova Scotia Utility and Review Board released its yearly overview of the continuing price of COMFIT.

Source – cbc.ca

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