Topic:"Climate Adaptation" in M06733

to influence market change in the long-term, and adding cost as suppliers demand higher risk premiums in pricing and/or hesitate to adopt changes when DSM programs once again return to their markets. Ultimately, a sustained presence in mar...

AI summary The text emphasizes the importance of sustained market presence in DSM programs to mitigate long-term risks, hedge against future DSM needs, and support market transformation. It argues that ENS should diversify its portfolio across measures, markets, and strategies, while considering the long-term costs of exiting markets. A tradeoff is noted between risk mitigation and higher costs, potentially reducing net benefits.

POLICY DRIVERS Nova Scotia's DSM is arguably driven by imperatives outside of the strict regulatory arena as well. We note that in 2012, an equivalency agreement between the Province and the federal government was reached on climate change...

AI summary Nova Scotia's DSM is influenced by 2012 climate change agreements with the federal government, allowing carbon exemptions for power plants in exchange for sectoral reductions. The 2014 Electricity Efficiency and Conservation Plan formalized ENS's role in competing energy savings with supply options, aligning with PAC cost-effectiveness tests. Nova Scotia's approach reflects broader trends in reevaluating DSM strategies.

NON-CONFIDENTIAL 1 Request IR-21: 8 more close alignment between the timing of DSM funds transferred to E1 and 9 implementation of DSM activity. 1 Request IR-23: 2 3 NSPI proposes that the DSM portfolio be oriented towards low unit costs (...

AI summary The document discusses Request IR-23, which asks NSPI to clarify how orienting the DSM portfolio toward low unit costs aligns with long-term affordability, market transformation, and climate goals, including near net zero targets. It raises concerns about potential negative impacts on long-term effectiveness and market leverage if short-term cost considerations dominate.

CONCLUSION Nova Scotia's model of energy efficiency program provision has been a leader in Canada. At this time, when more efficiency, not less, is needed to reduce effects on climate, that leadership needs to be encouraged rather than hin...

AI summary Nova Scotia's energy efficiency leadership should be supported to combat climate change. The EAC acknowledges stakeholder consensus and encourages collaborative negotiation ahead of the 2019-2021 DSM Plan hearing. Key stakeholders include EAC members and VEIC representative Elizabeth Chant.