Topic:"Energy Efficiency Budgets" in M10504

Nova Scotia Rate Base Procurement On July 9, 2021, the Province of Nova Scotia announced the 'Rate Base Procurement' program to acquire low-cost renewable generation to serve Nova Scotia Power customers. Procurement parametersinclude the f...

AI summary Nova Scotia launched the Rate Base Procurement program in 2021 to acquire renewable energy for Nova Scotia Power customers. The program targets 1100 GWh of renewable energy from projects up to 100 MW, with a deadline of December 31, 2025. In 2022, the RBP portfolio included 5 wind projects totaling 372 MW, with an average energy rate of $53.17 CAD/MWh.

Roadmap Item 1 The 2020 IRP resource plans selected coal to gas conversions in roughly half of the key scenarios examined, indicating that converted units are a cost-effective source of dispatchable firmcapacity atrelatively low-capacity f...

AI summary The 2020 Integrated Resource Plan (IRP) included coal-to-gas conversions as a cost-effective source of dispatchable firm capacity. Progress on the ECEI Coal-to-Gas conversion project advanced in 2022, but the project has been paused due to recent electricity rate cap legislation (Bill 212). Natural gas supply options are being evaluated due to pipeline constraints.

PLANNING ENVIRONMENT CHANGES FEDERAL INVESTMENT TAX CREDIT (ITC) The Federal Government announced an investment tax credit for clean technologies, with a focus on net-zero technologies and battery storage solutionsto incent progresstowards...

AI summary The Federal Government has introduced a 30% refundable investment tax credit (ITC) for clean technologies, including solar, wind, SMRs, and storage systems, aimed at promoting net-zero technologies. The ITC will be available from 2025 and will phase out by 2035. The tax credit will impact capital cost assumptions in the Integrated Resource Plan (IRP) modeling.