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Page 13 of 59 2023 10-Year System Outlook NON-CONFIDENTIAL 1 Carrying Capability (ELCC) has been reduced to 85 percent; this is reflected in the firm generating 2 capacity table (please see Figure 3). 3 4 3.1.3 Wreck Cove Hydro 5 6 The Wre...
AI summary The document discusses reduced Effective Load Carrying Capability (ELCC) at 85%, highlights the Wreck Cove Hydro project's modernization increasing annual generation by 5%, and outlines 2030 renewable energy targets (80% RES) and carbon pricing ($170/tonne) under Nova Scotia's Output-Based Pricing System.
or Deficit (GWh) 110 2,614 3,517 Forecast RES Percentage of Sales 53% 65% 68% 6 Includes Rate Base Procurement 7 31 NSR and Losses are provided in the 2022 NS Power Load Forecast Report, Table A1, April 29, 2022 (M10109). DATE FILED: June...
AI summary The document outlines Nova Scotia's greenhouse gas emission caps from 2010 to 2030, aiming for a 55% reduction in emissions over 20 years. The cap-and-trade program, effective January 1, 2019, includes annual free allowances for GHG emissions for NS Power. Emissions from electricity production are projected to decrease by 58% from 2005 levels by 2030.
on 5.2. 14 15 On January 1, 2019, Nova Scotia’s cap-and-trade program came into effect. The Cap-and-Trade 16 Program Regulations included the annual free allowances for GHG emissions for NS Power. 32 Greenhouse Gas Emissions Regulations ma...
AI summary Nova Scotia's cap-and-trade program, effective January 1, 2019, allows NS Power to purchase up to 5% of GHG credits offered for auction. Free allowances for 2019–2022 are outlined, with redistribution permitted over a four-year compliance period. NS Power met program requirements through reduced emissions and regulatory amendments granting 2,600 additional kilotonnes of allowances.
1 In December 2020, as part of the report titled A Healthy Environment and a Healthy Economy, 34 2 the Federal Government proposed a carbon price trajectory of $65/tonne starting in 2023 and rising 3 $15 annually to $170/tonne in 2030 (“Fe...
AI summary In 2020, the Federal Government proposed a carbon pricing trajectory starting at $65/tonne in 2023, increasing to $170/tonne by 2030. Nova Scotia updated its Environment Act in 2022, transitioning from a cap-and-trade system to an output-based pricing system (NS OBPS), setting emissions intensity limits for generating facilities and requiring compensation for excess emissions at the federal carbon price.