Topic:"Energy Efficiency Resource Standards" in M13042

t mentioned on page [(i)](#page-2-0) of the Agreement. Electricity Act – means the Electricity Act (Nova Scotia) and the regulations made thereunder, in each case, as amended from time to time. Electricity Standard Approval – means the iss...

AI summary The text defines key terms related to energy regulation and legal frameworks in Nova Scotia, including acts, regulations, and contractual terms. It outlines definitions such as 'Electricity Act,' 'Energy Bid,' and 'Energy Resource Interconnection Service (ERIS)' and references legal documents like the 'Energy Reform (2024) Act.'

1. Price indexation / EXHIBIT H of the PPA ( CALCULATION OF ADJUSTED ENERGY RATE) - CanREA is supportive of the addition of price indexation, which is currently set at 20% of CPI post-COD. We recognize that this helps share inflation risk...

AI summary CanREA supports increasing price indexation in Nova Scotia's PPA from 20% to 25-30% of CPI post-COD, citing current economic challenges and the need for renewable energy development. They cite examples from other provinces and recommend additional cost adjustments for specific materials to better manage inflation risks for both parties.

1.8 Energy Reform (2024) Act - (a) Reference is made to the Energy Reform (2024) Act which came into effect on April 1, 2025 and pursuant to which certain Laws and Regulations were amended and pursuant to which the More Access to Energy Ac...

AI summary The Energy Reform (2024) Act, effective April 1, 2025, amends existing laws and introduces new legislation, including the More Access to Energy Act and the Energy and Regulatory Boards Act. These changes involve the phased transition of system operator functions from NSPI to the IESO, procurement of ancillary services by the IESO, and the establishment of market rules and procedures. Disagreements on amendments may be resolved through binding arbitration.