Synapse Energy Economics Inc. (Synapse) presents this evidence to document its review of the 2026 Load Forecast Report [1](#page-2-0) (Report) of Nova Scotia Power, Inc. (NS Power), and to offer recommendations for improvements. Synapse ha...
AI summary Synapse Energy Economics Inc. reviews NS Power's 2026 Load Forecast Report, noting higher net system requirements and peak levels compared to 2025. Key drivers include increased EV load, electric heating, and new customer growth. Changes in heating and cooling efficiency models, along with fewer heat pump installations, also influence the forecast. The peak model now includes a 24-hour lagged temperature variable.
3. ENERGY FORECAST NS Power forecasts load using different methodologies for different rate classes, reflecting the distinct drivers and data available for each. For the residential and commercial classes, NS Power uses Statistically Adjus...
AI summary NS Power uses different forecasting methods for various rate classes. Residential and commercial classes use SAE models, which combine end-use and econometric methods. Industrial classes use econometric models and customer surveys, while the municipal class is treated as an accounting matter due to third-party energy supply.
6. RECOMMENDATIONS - 1. NS Power should continue to monitor the impact of trade policy and consider explicitly incorporating tariff impacts into its future forecast if they are expected to have a material impact on load growth. - 2. Concer...
AI summary The recommendations focus on improving NS Power's forecasting methods for load growth, hybrid heating participation, heat pump efficiency metrics, EV charging, solar installations, and DSM savings accumulation. Emphasis is placed on using more accurate modeling approaches, incorporating updated data, and clarifying assumptions to enhance forecast reliability.