Topic:"Energy Efficiency Resource Standards" in M10653

Page 31 of 60 2022 10-Year System Outlook NON-CONFIDENTIAL 1 A key component of NS Power’s ability to meet its 2020 RES requirements was the 2 commencement of the operation the Muskrat Falls Hydro Generating Project and the associated 3 de...

AI summary NS Power faced challenges in meeting its 2020 RES requirements due to delays in the Muskrat Falls Hydro Generating Project. An Alternative Compliance Plan was permitted by the Nova Scotia Minister of Energy and Mines, allowing NS Power to extend the compliance period for achieving the 40% renewable energy standard over 2020-2022. However, the company only achieved 29% and 30.4% renewable energy use in 2020 and 2021, respectively, and full delivery from Muskrat Falls remains at risk.

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.