Topic:"Energy Efficiency Resource Standards" in M13007

4.1 Statutory mandate under the MAEA The MAEA's purposes include increasing competition and innovation in the energy sector, ensuring a reliable and economical energy supply, providing for competitive procurement of new resources, and prov...

AI summary The text discusses the statutory mandate under the More Access to Energy Act (MAEA), outlining the IESO's responsibilities in planning, system operation, and market facilitation. It also explains the two cost recovery pathways for IESO Nova Scotia, including the submission of revenue requirements to the NSEB and the recovery of energy resource supply contract costs through a mechanism established by the NSEB.

4.3 Potential evolution under Phase 2 The MAEA fixes no date for proclaiming the Phase 2 provisions, which come into force only upon proclamation by the Governor in Council. It does, however, require that any ministerial orders transferrin...

AI summary Phase 2 of the More Access to Energy Act (MAEA) will transfer NS Power's operations to IESO Nova Scotia by May 1, 2028, impacting fee recovery and licensing requirements. IESO Nova Scotia will manage the OATT and seek new tariffs from the NSEB, while expanding market participation. The fee recovery mechanism will be re-evaluated once Phase 2 is fully implemented.