Page 37 of 60 2022 10-Year System Outlook NON-CONFIDENTIAL 1 5.3 Carbon Pricing (Output-Based Pricing System) 2 3 In the absence of defined carbon policy requirements in Nova Scotia for 2023 to 2030 and beyond, 4 for this Report NS Power h...
AI summary This section discusses Nova Scotia Power's incorporation of the Federal Output-Based Pricing System (OBPS) for carbon pricing from 2023 to 2030, as a mechanism for unit commitment and economic dispatch of NS Power’s generation fleet due to the absence of defined carbon policy requirements in Nova Scotia.
2 As discussed in the previous section, the Federal Government provided guidance on the options 3 available to the province to establish a Provincial Carbon Policy framework as potential 4 alternatives to the Federal Backstop. NS Power und...
AI summary The Federal Government has provided guidance on establishing a Provincial Carbon Policy framework and a Clean Electricity Standard (CES) to support net-zero electricity by 2035. NS Power is adapting its electricity strategy to meet 2030 and 2035 targets, including renewable energy goals and carbon pricing, through its Integrated Resource Plan (IRP) process.
24 accelerate the Company’s carbon reduction strategy in a way that is affordable for customers, 25 maintains reliability, and supports NS Power’s customers and the communities where they live 26 and work. As the government’s announced pol...
AI summary The text discusses NS Power's commitment to accelerating its carbon reduction strategy in a manner that is affordable for customers, maintains reliability, and supports communities. It also references the government's policy changes that will become legislative and regulatory requirements and be reflected in future planning studies.