Topic:"Power Purchase Agreement" in M08929

t over the past ~ 8 years (~$2 million CAD) while PPA prices in cost per kwh in Nova Scotia have declined by a third to nearly 2/3 over the same period of time. [as reference for prices 8 years ago see price assumptions for capex COMFIT la...

AI summary Over the past 8 years, costs have increased by approximately $2 million CAD, while PPA prices in Nova Scotia have decreased significantly. This decline is attributed to advancements in turbine technology and increased capacity factors, allowing for lower PPA prices despite rising costs. Slide 26 of E3's presentation shows projected onshore wind costs in 2020 as $47-55/MWh, consistent with RFP responses for the Atlantic Link project.

sed electricity resources (wind or solar or tidal) [please reference the value of the Nalcor/NS Power annual RFP process and how it could be used to help balance wind]. Access to economic import energy both from the surplus market block as...

AI summary The text discusses the integration of wind energy resources and the potential benefits of accessing economic import energy from surplus and general market purchases. It highlights the importance of the Nalcor/NS Power annual RFP process in balancing wind generation and the economic benefits of lower market prices on backfilling wind generation.

e resources. Given E3’s extensive experience with solar + storage, it could be valuable to obtain their insight on the ELCC effects for winter peaking periods of combinations of solar, storage and wind. Please refer to responses 3.21 and 3...

AI summary The document discusses the ELCC effects of solar, storage, and wind combinations during winter peaking periods and raises concerns about the cost of new wind in Nova Scotia, specifically the use of TRG 5 from NREL’s ATB mid-case for cost estimation. It requests further documentation and alternative scenarios for wind costs.

In light of the above, NSP’s proposed/draft action plan item 3(c) viz: “Initiate a wind procurement strategy, targeting 0-100 MW new installed capacity by 2025 and up to 350 MW by 2030” seems unduly limiting, particularly as regards the im...

AI summary The text argues that NSP's proposed wind procurement strategy with an upper limit of 350 MW by 2030 is too restrictive, as scenarios with higher wind capacity can lead to lower electricity rates. Additional integration requirements, such as batteries or synchronized inertia, are seen as unnecessary and increase capital costs, potentially limiting wind installation.

ACTION PLAN ITEM STAKEHOLDER STAKEHOLDER COMMENT REFERENCE capacity to the Nova Scotia system. Fuel flexibility is a storage/synchronous condensers) should be used in component of this work, including consideration for the evaluation of th...

AI summary The document discusses a wind procurement strategy targeting increased wind capacity by 2025 and 2030, alongside system stability studies to support higher wind integration. Stakeholders support the initiative and emphasize the need for natural gas as a cleaner fuel alternative.

and if so, what purpose and at what cost /benefit? Furthermore, depreciation rates need to be reevaluated as a next step as it may financially incentivize the earlier retirement for coal 7 . IRP Roadmap and Next-Steps (Wind Procurement and...

AI summary The text highlights the need to reevaluate depreciation rates to avoid incentivizing early coal retirement, expedite wind procurement with storage strategies, address regulatory barriers for IPPs through PPA/VNM options, and explore Hydro Quebec imports. Social equity and community ownership are emphasized in renewable programs.

IRP Roadmap Roadmap (5) IRP Roadmap and Next-Steps (Programs to Incentivi[z]e Renewables): Although Independent Power Producers (IPPs) are referenced in the IRP, it'simpossible to propose IPPs without first understanding the regulatory bar...

AI summary The text discusses the need to address regulatory barriers to Independent Power Producers (IPPs) and the importance of identifying multiple Power Purchase Agreement (PPA) options and Virtual Net Metering (VNM) programs to support diverse renewable technologies. It also notes that wind is the lowest-cost renewable energy source and that DER scenarios were not economically selected.