Topic:"Regulatory Approval Processes" in M12350

NON-CONFIDENTIAL 1 TABLE OF CONTENTS 2 3 1.0 BACKGROUND 3 4 2.0 METHODOLOGY 6 5 3.0 RELATIONSHIP BETWEEN AVERAGE COST BASED RATES AND ACTUAL 6 SHORT RUN MARGINAL COSTS 8 7 3.1 Analysis of Variance between Average Unit Revenue and Average M...

AI summary The document outlines the history and requirements of the Short Run Marginal Cost (SRMC) test as directed by the Nova Scotia Energy Board (NSEB) to Nova Scotia Power Incorporated (NS Power). It includes past orders, supplementary reports, and updates to the SRMC test methodology, including environmental considerations and the inclusion of renewable energy sources.

NON-CONFIDENTIAL 1 TABLE OF CONTENTS 2 3 1.0 BACKGROUND 3 4 2.0 METHODOLOGY 6 5 3.0 RELATIONSHIP BETWEEN AVERAGE COST BASED RATES AND ACTUAL 6 SHORT RUN MARGINAL COSTS 8 7 3.1 Analysis of Variance between Average Unit Revenue and Average M...

AI summary The document outlines the background of a regulatory proceeding related to rate design, referencing a 2003 order by the Nova Scotia Energy Board directing Nova Scotia Power Incorporated to take specific actions.

(Multeese) in its SRMC memorandum dated August 27, 2010. The changes were to include the revenue adjustment mechanisms of the Demand Side Management (DSM) Cost Recovery Rider (DCRR) and the Fuel Adjustment Mechanism Actual Adjustment (FAM...

AI summary This text discusses the evolution and adjustments to the Short Run Marginal Cost (SRMC) test over time, including the inclusion of revenue adjustment mechanisms like the DSM Cost Recovery Rider (DCRR), Fuel Adjustment Mechanism Actual Adjustment (FAM AA), and Fuel Adjustment Mechanism Balance Adjustment (FAM BA). The Nova Scotia Energy Board (NSEB) has provided various directions and feedback to NS Power regarding the SRMC test, including the exclusion of certain rates and the need for updated price elasticities.

June 27, 2025 Crystal Henwood Regulatory Affairs Officer/Clerk Nova Scotia Utility and Energy Board 1601 Lower Water Street, 3rd Floor P.O. Box 1692, Unit "M" Halifax, NS B3J 3S3 Re: Application of Short Run Marginal Cost (SRMC) Test to Ra...

AI summary This letter from Michael Willett, Director of Regulatory Finance at Nova Scotia Power Inc., provides the 2024 Short Run Marginal Cost (SRMC) Test to Rates Report, as requested by the Nova Scotia Utility and Review Board (NUSARB). The report was submitted following an extension request and is in accordance with a 2004 order.