B-1Proposed Tariffs - Amended March 2, 2011 2/28/2011
16 passages
- A. Background and qualifications of the sponsors - B. The effect of income tax status on COMFIT rates - C. Assumptions about capital structure and costs in the tariff modeling - D. Interconnection information provided by NSPI - E. Interc...
AI summary The document outlines various exhibits and sections related to a regulatory proceeding, including background information on sponsors, income tax status effects, tariff modeling assumptions, interconnection details, and information requests from sawmills, as well as exhibits related to different energy generation technologies.
1 INTRODUCTION 2 - 3 Q. PLEASE STATE THE NAMES, POSITIONS AND BUSINESS ADDRESSES OF EACH 4 PERSON SPONSORING THIS EVIDENCE. - 5 A. Bruce Biewald is the President of Synapse Energy Economics, a consulting firm located 6 at 22 Pearl St., Cam...
AI summary The introduction section of the proceeding provides information about the individuals and organizations submitting evidence. Bruce Biewald, Wilson Rickerson, Geoff Keith, and Susan Shaw are identified as sponsors of the evidence, with details on their roles, professional backgrounds, and contributions to the development of the proposed tariff rates.
1 escalating COMFIT rates. We found that operating costs (not including fuel costs for 2 biomass) as a percentage of total costs are approximately 10% for the types of projects 3 considered here. If an escalating approach were to be used f...
AI summary The text discusses the proposed COMFIT program in Nova Scotia, focusing on the design of tariffs, including considerations of escalating versus levelized rates. It also outlines the consulting team involved in the project and the purpose of the evidence provided, which is to propose tariffs and describe the rationale behind them.
27 Q. WOULD IT BE POSSIBLE TO DEVELOP FEED-IN TARIFFS FOR OTHER 28 TECHNOLOGIES OR FOR MORE SPECIFIC NARROWER CATEGORIES OF THE 29 SPECIFIED TECHNOLOGIES? 30 A. Yes, that could be done. In the Renewable Electricity Regulations (Regulations...
AI summary The respondent confirms that developing Feed-In Tariffs (FITs) for other technologies or narrower categories is possible, citing the Renewable Electricity Regulations' requirement for tariff differentiation. Examples include separate tariffs for wind projects ≤50 kW and >50 kW, and a separate proceeding for tidal energy. The respondent emphasizes adherence to the Regulations' prescriptive requirements.
1 and other experts; where information is available we have compared our tariffs to the 2 cost of similar existing projects; and we have compared them to FIT prices adopted in 3 other jurisdictions and have considered the market responses...
AI summary The process for developing COMFIT tariffs involved stakeholder input following the Board's Order of October 22, 2010, including technical sessions, written submissions, and iterative revisions. Tariff rates were determined using a discounted cash flow model that incorporated assumptions about project costs and targeted returns on equity.
terms and that they would need to "run 25 the numbers" for each loan application separately. The assumptions we settled on are 26 summarized in Exhibit C, and each one is discussed briefly below. 27 28 • Debt/equity ratio. Both stakeholder...
AI summary The analysis outlines debt/equity ratios (50:50 for wind, 60:40 for hydro/biomass CHP, 100% equity for tidal) and interest rates (8% for wind/hydro, higher for First Nations projects) for COMFIT/FIT projects. Stakeholders and lenders emphasized higher equity requirements for community-owned projects and perceived lower risk in hydro compared to other technologies.
16 Q. WHAT RETURN ON EQUITY ESTIMATES HAVE BEEN INCLUDED IN THE TARIFF 17 PROPOSALS FILED TODAY? 18 A. We have used a 13% target ROE for wind, hydro and biomass CHP projects, and a 15% 19 ROE for tidal projects. The ROE is defined in the m...
AI summary The tariff proposals filed today include a 13% target Return on Equity (ROE) for wind, hydro, and biomass CHP projects, and a 15% ROE for tidal projects. ROE is defined as the Internal Rate of Return (IRR) in the model.
1 Q. HOW DOES YOUR PROPOSED RATE COMPARE WITH OTHER BENCHMARKS? 2 A. In Vermont, the FIT rate for wind projects 100 kW or under starts at $208 per MWh and 3 escalates to $230 per MWh over the contract period. As of February 26, 2011, there...
AI summary The respondent compares the COMFIT rate for small wind projects to Vermont's FIT, noting Vermont's rate applies to larger projects (up to 100 kW) and includes 30% grants/ITCs. COMFIT's smaller 50 kW limit and lack of such incentives justify a higher rate. Ontario lacks a small wind FIT, with rates set above 50 kW projects. Vermont's FIT had limited adoption, suggesting insufficient robustness.
7 L. THE PROPOSED TARIFF FOR RUN-OF-RIVER HYDRO 8
AI summary The section outlines the proposed tariff structure for run-of-river hydro projects under Nova Scotia's regulatory framework, though specific details of the tariff or stakeholder positions are not included in the provided text.
20 Q. WHAT HAVE YOU ASSUMED ABOUT THE INSTALLED COST OF THE PROJECT? 21 A. We assume an "Equipment & Installation" cost of $3.9 million dollars, and a total project 22 cost of $4,447 per kW, including interest during construction and all f...
AI summary The respondent assumes an 'Equipment & Installation' cost of $3.9 million and a total project cost of $4,447 per kW, citing data from Vermont FIT proceedings (2009), Hatch Acres (2005), and CanmetEnergy (2007). Costs include financing and construction interest, with references to hydro projects in Vermont and Canada.
30 Q. ON WHAT TYPE OF PROJECT HAVE YOU BASED THE TIDAL TARIFF? 31 A. We have based this tariff on a 500-kW installation employing one or more small, in-32 stream tidal generators. Examples of this technology include the TGU made by Ocean 3...
AI summary The tidal tariff is based on a 500-kW installation using small in-stream tidal generators, such as those made by Ocean Power Generation Systems and New Energy Corp. Larger in-stream generators and barrage systems are not considered for this tariff. The size was chosen based on discussions with Nova Scotia tidal developers to minimize complexity and risk.
CEO, Meister Consultants Group, Inc., Boston, MA (2006-present) - Managing the international clean energy and climate change consulting practice for a 100-person transatlantic company. - Completed numerous feed-in tariff analysis and desig...
AI summary The CEO of Meister Consultants Group, Inc., has led international clean energy consulting, focusing on feed-in tariff (FIT) analysis and design for clients like NREL, CEC, HECO, and SEMI PV Group. Work includes policy frameworks, legal analyses, and global renewable energy strategy development, emphasizing FIT best practices and stakeholder engagement.
The Effect of Income Tax Status on COMFIT Rates Re C la so ur ce ss C O M F I T Ra te As in su m g O Ta b le a xa w ne r C O M F I T Ra te As in No su m g a n- Ta b le O xa ne r w % D i f fe re nc e Av er ag e W in d 0 k W 5 ≤ $ 4 6 0 $ 4...
AI summary The document analyzes the impact of income tax status on COMFIT rates, comparing proposed rates for various energy sources (wind, hydro, tidal, biomass CHP) with average rates. It notes that biomass CHP rates are calculated for taxable entities, while others use average rates.
Exhibit C: Submitted with the Evidence of Bruce Biewald, Wilson Rickerson, Geoff Keith and Susan Shaw
AI summary Exhibit C includes evidence submitted by Bruce Biewald, Wilson Rickerson, Geoff Keith, and Susan Shaw in a Nova Scotia regulatory proceeding. The exhibit relates to energy programs, regulatory frameworks, and stakeholder perspectives, with references to initiatives like COMFIT, FIT, and CEDIF, as well as organizations and studies mentioned in the context.
Cost and Performance Assumptions in the Tariff Modeling The table below shows summary information about the calculations on which our proposed tariffs are based. Tables 2 through 6 show more detailed input assumptions for each resource cla...
AI summary The document introduces a table summarizing the calculations for proposed tariffs, with more detailed input assumptions provided in Tables 2 through 6 for each resource class.
03-01-2011 Nov a S ia C OM FIT Mo del cot Win d ≤ 50 kW Ca sh Flo w W ork she Top et: Syn e E aps xhi bit I Stan dard Off er P rice 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459 .90 459...
AI summary The text presents a table with financial data related to a Nova Scotia FIT (Feed-In Tariff) model, including standard offer prices, revenue from energy production, and other revenue sources such as interest revenue. The data appears to be part of a regulatory proceeding involving energy and financial metrics.
B-23Renewable electricity Plan - A path to good jobs, stable prices, and a cleaner environment. 4/7/2011
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Tidal: Safe Development The province will continue to invest in tidal energy research and development in the hopes that our unique tidal resource can eventually make a significant contribution to our energy needs. To encourage this develop...
AI summary Nova Scotia plans to invest in tidal energy research and development. A community-based feed-in tariff (COMFIT) is established for distribution-connected tidal projects, along with a special FIT for developmental tidal arrays connected to the grid at the transmission level.
produced from wind, biomass, tidal, wave, in-stream hydro as well as combined heat and power projects will be eligible for COMFIT rates that reflect basic cost-recovery, including the cost of capital. - • COMFIT-eligible projects will conn...
AI summary The Community-Based Feed-In Tariff (COMFIT) program supports small-scale and community renewable energy projects by offering eligible projects rates that cover basic cost-recovery, including the cost of capital. Projects must connect to the grid at the distribution level, and the UARB will set COMFIT rates based on government criteria. The program aims to enhance energy diversity, security, and public acceptance of renewables while promoting rural economic development.
• A Tidal Feed-In Tariff: Tidal devices are still in the demonstration phase. The electricity they produce costs more than electricity from mature renewable sources. To support tidal development, the province will set a communitybased feed...
AI summary Nova Scotia plans to introduce a community-based feed-in tariff (COMFIT) for tidal projects and a special FIT for transmission-level tidal arrays to support the development of tidal energy, which is still in the demonstration phase and more expensive than other renewables.
Province of Nova Scotia The Province will continue to lead the development of renewable energy policy. It will consider criteria for setting FIT rates and the rules for awarding FIT contracts and competitive medium and large-scale projects...
AI summary The Province of Nova Scotia will lead renewable energy policy development, including FIT rate criteria and project approval processes. A one-window committee will streamline approvals, and the Province will support community-based and non-profit energy initiatives through technical and financial assistance.
First Nations The Mi'kmaq have expressed interest in collaborating on the development of Nova Scotia's renewable energy sector.Continuing to build a positive relationship with the Mi'kmaq is a key priority for the province. Nova Scotia con...
AI summary The Mi'kmaq have shown interest in collaborating on Nova Scotia's renewable energy development. The province prioritizes building positive relationships with the Mi'kmaq and consults them on energy projects. Tools such as enhanced net metering, COMFIT, tidal array FIT, and competitive bidding are available to the Mi'kmaq. The province encourages developers to engage with the Mi'kmaq early in project development.
Legislation and Regulations Measures like the creation of the Renewable Electricity Administrator and the implementation of feed-in tariffs require new legislation or amendments to existing laws. - • Amendments to the Electricity Act will...
AI summary The text discusses legislative and regulatory changes required for the creation of the Renewable Electricity Administrator and the implementation of feed-in tariffs. It highlights amendments to the Electricity Act, changes to the Renewable Energy Standard Regulations, and potential new policies for biomass energy emissions control.
07337Board Decision
16 passages
IN THE MATTER OF THE ELECTRICITY ACT .. and .. IN THE MATTER OF a hearing to determine RENEWABLE ENERGY COMMUNITY BASED FEED-IN TARIFFS BEFORE: Peter W. Gurnham, a.c., Chair Roland A. Deveau, a.c., Member Murray E. Doehler, P.Eng., CA, Mem...
AI summary The document outlines a hearing related to determining renewable energy community based feed-in tariffs under the Electricity Act. The Board sets COMFIT Tariffs following submissions and a hearing held in April 2011, with a decision made on July 4, 2011.
4A (1) A public utility shall - (a) permit generators that qualify under this Section to connect a renewable low-impact electricity-generation facility to its electrical grid in the manner provided by the regulations; and - (b) pay for the...
AI summary This section outlines the obligations of a public utility regarding the connection and payment for renewable low-impact electricity-generation facilities. It specifies that the utility must permit such connections and pay according to tariffs set by the Board, which must consider matters outlined in the regulations.
3.0 RENEWABLE ELECTRICITY REGULATIONS [14] Under s. 2 of the Regulations, the "feed-in tariff program" is defined as: "feed-in tariff program" means the program established by Section 4A of the Act under which a public utility permits a ge...
AI summary The document defines the feed-in tariff program under the Renewable Electricity Regulations, specifying that it applies to renewable low-impact electricity generation facilities. The Board is required to set separate tariffs for different classes of generation, including large and small wind, biomass CHP, and run-of-the-river hydroelectricity.
Community feed-in tariff qualifications - 20(1) For the purposes of clause 4A(8)(f) of the Act, in addition to the entities listed in clauses 4A(8)(a) to (e) of the Act, each of the following entities qualifies as a generator that may part...
AI summary The text outlines the qualifications for entities to participate in the community feed-in tariff program, including ownership requirements and eligibility criteria for generators. It also discusses the approval process and cost recovery mechanisms for participating generators, with references to the Board's role and the fuel adjustment mechanism.
[32] At the conclusion of Synapse's consultative process, it filed its evidence setting out its recommendations for the COMFIT tariffs: SYNAPSE RECOMMENDED TARIFFS CLASS AMOUNT Wind power projects 50 kW or less $452 per MWh Wind power proj...
AI summary Synapse submitted its recommendations for COMFIT tariffs, proposing different rates per MWh for various renewable energy projects, including wind, biomass CHP, run-of-river hydro, and in-stream tidal projects, with specific breakdowns for biomass CHP.
5.1 Overview [37] While much of the evidence during the hearing focused on a review of several numerical inputs to be used in the FIT model to calculate COMFIT tariffs for the various classes of generation facilities, there was also eviden...
AI summary The hearing focused on numerical inputs for the FIT model to calculate COMFIT tariffs, as well as principles guiding the Board in applying the FIT model for tariff setting.
iscounted cash flow model. The intent of this approach is to determine a reasonable tariff which will facilitate a reasonable level of development activity for typical projects in that resource class. [54] The Board is mindful that differe...
AI summary The Board discusses the use of a 'typical cost' approach in determining COMFIT tariffs, aiming to balance reasonable rates for ratepayers with encouraging development activity. This approach considers different project characteristics but sets a single tariff per resource class.
8.3 Tariff Overlap Between Small and Large Wind Projects [134] The Board considers it should specifically address one point raised by Mr. Couture on behalf of the Ecology Action Centre. [135] Mr. Couture submitted that the significant disp...
AI summary The Board is considering concerns raised by Mr. Couture regarding the potential for developers to exploit the disparity between small and large wind project tariffs under COMFIT, leading to regulatory arbitrage and inefficiencies in the policy framework.
[213] Synapse also reviewed all of ANSS's costs and said: ... And when we plugged all of these assumptions into our model we came out with a rate of $330 per megawatt hour compared to the rate that we had proposed of 156. And when we looke...
AI summary Synapse evaluated ANSS's costs and found a proposed feed-in tariff rate of $330 per megawatt hour to be significantly higher than market rates in Ontario and Vermont. Synapse recommended a more conservative approach to setting the rate, balancing the risk of no project development against the risk of long-term overpayment.
[216] The CA also agrees with the stance taken by Synapse: ... But there is no requirement that the tariffs be established at a level that ensures each proponent is successful or free of risk, nor are the tariffs to be set to ensure propon...
AI summary The Consumer Advocate (CA) aligns with Synapse's position that tariffs do not need to ensure proponent success or eliminate risk, nor do they need to guarantee full cost recovery or remove efficiency pressures.
11.2 Findings [250] Other than comments from the Consumer Advocate there was very little comment in the hearing on run-of-the-river hydroelectricity. [251] The Board also understands that there may be significant other challenges in securi...
AI summary The Board acknowledges limited commentary on run-of-the-river hydroelectricity, notes challenges in securing environmental and fisheries approvals, and accepts Synapse's cost determinations. It rejects adjustments proposed by Mr. Chernick and views land donation and property tax relief as speculative. The tariff will be reviewed in three years and as part of the Province's 2012 regulatory review.
12.3 Terms and Conditions of COMFIT tariffs - [261] In determining the terms and conditions for the various COMFIT tariffs, the Board considers s. 4A(3) and (4) of the Act to be instructive: - 4A(3) In setting a tariff pursuant to this Sec...
AI summary The Board considers Section 4A(3) and (4) of the Act when determining the terms and conditions for COMFIT tariffs, including matters such as qualifying generation facilities, periodic adjustments, effective dates, duration, and payment terms for generators.
[262] In its Closing Submission, the CA stated: The Consumer Advocate further recommends that the tariffs include the following express provisions that are to be met by the project. - Approval from the Energy Minister. - The requirements o...
AI summary The Consumer Advocate recommends that tariffs for renewable energy projects include provisions requiring approval from the Energy Minister, compliance with specific regulations, and adherence to capacity limits. The Board also imposed a limit on tidal power under the COMFIT rate to manage rate impacts similarly to small wind limitations.
[263] In its Reply Submission, the Province submitted: In respect of the express tariff provisions recommended by the Consumer Advocate on the bottom of page 13 of his closing submissions, it is respectfully submitted that these matters ar...
AI summary The Province argues that certain tariff provisions recommended by the Consumer Advocate are already covered by existing regulations and may become inconsistent if regulations are modified in the future. The Board agrees that most of the recommendations are reasonable but notes that limits on generation facilities should be a matter of provincial policy. The Board also references the Renewable Electricity Regulations and the expected effective date of the tariffs.
Standard power purchase agreement for feed-in tariff program - 32 (1) The Minister, in consultation with NSPI, must prepare a standard form of power purchase agreement to be used for the feed-in tariff program and must have the form of pow...
AI summary The document outlines the process for creating and approving a standard power purchase agreement (PPA) for the feed-in tariff (FIT) program in Nova Scotia. The Minister, in consultation with NSPI, must prepare and have the PPA form approved by the Board. The PPA becomes effective when the applicant is placed in the interconnection queue, and parties may agree to modifications, which must be reported to the Minister.
ffs. [283] While some of the intervenors challenged a number of the specific input assumptions made by Synapse, the FIT modeling adopted by Synapse was generally viewed favourably by all intervenors. [284] Taking into account the legislati...
AI summary The intervenors generally supported Synapse's FIT modeling, though some challenged specific assumptions. The Board determined FIT and COMFIT tariffs should balance low tariffs with encouraging development. The Board used comparisons to other jurisdictions to assess reasonableness, adopting Synapse's recommended tariffs with some modifications.
05791FIT Rate Setting Approaches - Wilson Rickerson, Meister Consultants Group
6 passages
FIT Policies in the U.S. States with feed-in tariiffs
AI summary The text introduces a section discussing feed-in tariffs (FIT) policies in the United States, accompanied by a figure that likely illustrates states implementing such policies.
Defining Feed-in Tariffs (FITs) Feed-in tariffs provide guaranteed access to a performance-based, long-term revenue stream from a creditworthy buyer. - Precise definition is elusive - Administratively set rates - FITs can include interconn...
AI summary Feed-in tariffs (FITs) offer guaranteed, long-term revenue streams for energy producers through performance-based agreements with creditworthy buyers. However, precise definitions remain elusive, and FITs involve administratively set rates along with interconnection, purchase, and dispatch rules.
The Presentation Outline - A. Feed-in tariffs around the world - B. Rate Setting Process and Methodology - C. A Potential Starting Point
AI summary The presentation outline includes sections on global feed-in tariffs, the rate-setting process and methodology, and a potential starting point for the discussion. It sets the stage for a detailed analysis of regulatory and policy considerations.
No need to re-create the wheel! In-depth survey of FIT rate setting in: - The Netherlands - Germany - France - Ontario - Vermont - Gainesville, FL =
AI summary The document provides an in-depth survey of FIT (Feed-in Tariffs) rate setting in several jurisdictions, including the Netherlands, Germany, France, Ontario, Vermont, and Gainesville, FL, with accompanying images that appear to illustrate findings or data related to the analysis.
Tariff Differentiation Ontario Vermont Germany Degree of Tariff Differentiation High (e.g., tech-nology and size differentiation) Medium (e.g., technology differentiation; limited size differentiation) High (e.g., technology and size diffe...
AI summary The text presents a comparison of tariff differentiation across Ontario, Vermont, and Germany, highlighting the degree of differentiation based on technology and size. Ontario and Germany show high differentiation, while Vermont shows medium differentiation.
The Presentation Outline - A. Feed-in tariffs around the world - B. Rate Setting Process and Methodology - C. A Potential Starting Point
AI summary The presentation outline includes sections on feed-in tariffs globally, the rate-setting process and methodology, and a potential starting point for discussion. It sets the stage for an analysis of international practices and local rate-setting approaches.
07337Board Decision
12 passages
4A (1) A public utility shall - (a) permit generators that qualify under this Section to connect a renewable low-impact electricity-generation facility to its electrical grid in the manner provided by the regulations; and - (b) pay for the...
AI summary This section outlines the obligations of a public utility regarding the connection and payment for renewable low-impact electricity-generation facilities. It specifies that the utility must permit qualified generators to connect to the grid and pay for the electricity generated according to a tariff set by the Board, which may be requested by the Governor in Council.
3.0 RENEWABLE ELECTRICITY REGULATIONS [14] Under s. 2 of the Regulations, the "feed-in tariff program" is defined as: "feed-in tariff program" means the program established by Section 4A of the Act under which a public utility permits a ge...
AI summary The section defines the feed-in tariff program under the Regulations, outlines the types of renewable electricity generation facilities for which the Board must set tariffs, and includes specific classifications such as large wind, small wind, and Biomass CHP. The Board is required to establish separate tariffs for different classes of generation facilities.
4.1 Synapse Model - [29] Synapse led the consultative process with the formal intervenors. Synapse proposed the adoption of a discounted cash flow model used to set feed-in tariffs in Vermont, USA in 2009. Under this model (the "FIT model"...
AI summary Synapse led the consultative process for the FIT model, adapting a discounted cash flow model from Vermont to Nova Scotia. The model was well-received by intervenors despite challenges to specific assumptions. Stakeholders were involved in reviewing and adjusting the model to suit local conditions.
5.1 Overview [37] While much of the evidence during the hearing focused on a review of several numerical inputs to be used in the FIT model to calculate COMFIT tariffs for the various classes of generation facilities, there was also eviden...
AI summary The hearing focused on numerical inputs for the FIT model to calculate COMFIT tariffs and principles guiding the Board in applying the FIT model for tariff setting.
8.3 Tariff Overlap Between Small and Large Wind Projects [134] The Board considers it should specifically address one point raised by Mr. Couture on behalf of the Ecology Action Centre. [135] Mr. Couture submitted that the significant disp...
AI summary The Board is considering concerns raised by Mr. Couture about potential 'regulatory arbitrage' in the COMFIT wind tariff structure, where developers may exploit the disparity between small and large wind tariffs by installing multiple small turbines instead of a single larger project, leading to inefficiencies and higher costs for ratepayers.
9.2 Cost Allocation [153] In preparing the tariff for Biomass CHP, Synapse had to allocate the capital and operating costs between the steam host and electricity generation. They did so as follows: ... So we decided to ensure that biomass...
AI summary In allocating costs for Biomass CHP under the COMFIT, Synapse assigned a large portion of boiler costs to the steam host to ensure that electricity generated is truly combined heat and power. This approach encourages steam hosts needing consistent steam to support these facilities.
[213] Synapse also reviewed all of ANSS's costs and said: ... And when we plugged all of these assumptions into our model we came out with a rate of $330 per megawatt hour compared to the rate that we had proposed of 156. And when we looke...
AI summary Synapse reviewed ANSS's costs and found that a proposed feed-in tariff rate of $330 per megawatt hour was significantly higher than market rates in Ontario and Vermont. Synapse recommended a more conservative approach, balancing the risk of low project uptake against the risk of long-term overpayments if rates were set too high.
[216] The CA also agrees with the stance taken by Synapse: ... But there is no requirement that the tariffs be established at a level that ensures each proponent is successful or free of risk, nor are the tariffs to be set to ensure propon...
AI summary The Consumer Advocate (CA) agrees with Synapse's stance that there is no requirement for tariffs to ensure proponent success or cost recovery, nor to remove efficiency pressures.
10.2 Findings [243] While the Board is concerned about the high tidal tariff, it recognizes that this is both an experimental technology and is likely to be a small component of the overall COMFIT program. The Board notes that the Province...
AI summary The Board acknowledges the high tidal tariff but accepts it due to the experimental nature of the technology and its small role in the COMFIT program. It notes that a review of the Regulations will occur in 2012 and that all tariffs will be reviewed in three years. The Board approves the tariff as submitted by Synapse.
11.2 Findings [250] Other than comments from the Consumer Advocate there was very little comment in the hearing on run-of-the-river hydroelectricity. [251] The Board also understands that there may be significant other challenges in securi...
AI summary The Board found limited discussion on run-of-the-river hydroelectricity during the hearing. It acknowledges challenges in securing approvals for such projects and accepts Synapse's cost determinations as reasonable. The Board will approve the tariff as submitted, with a review in three years and potentially as part of the Province's 2012 regulatory review.
[263] In its Reply Submission, the Province submitted: In respect of the express tariff provisions recommended by the Consumer Advocate on the bottom of page 13 of his closing submissions, it is respectfully submitted that these matters ar...
AI summary The Province argues that certain tariff provisions recommended by the Consumer Advocate are already covered by existing regulations and may become inconsistent if regulations are modified. The Board agrees with most of the recommendations but notes that limits on generation facilities should be a provincial policy matter. The Renewable Electricity Regulations set a 0.5 MW capacity limit for small-scale tidal generation. Tariffs will take effect upon the Board's final Order, expected in early September.
14.0 SUMMARY [277] The Board held a hearing to determine Renewable Energy Community Based Feed-in Tariffs ("COMFIT"), pursuant to recent changes to the Electricity Act and the Renewable Electricity Regulations. [278] While there is no over...
AI summary The Board conducted a hearing to determine COMFIT tariffs under the Electricity Act and Renewable Electricity Regulations. The Province expects COMFIT projects to use about 100 MW of grid capacity. Synapse used a FIT model to calculate tariffs that provide a reasonable return on equity for project owners, and the methodology was generally well-received by intervenors.
20110404-1Hearing Transcript — 4/4/2011 (Synapse)
10 passages
- THE CHAIR : Thank you. Page 6 NSUARB-BRD-E-R.10 19 hearing expressed? 20 THE CHAIR: The outcome of this 21 hearing? 22 MR. REYNOLDS: The outcomes of these DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS NSUARB-BRD-E-R.10 Page 9 1 hearings...
AI summary The Chair explains that the outcome of the hearing will be a decision and Order from the Board setting feed-in tariff rates for community-based technologies, as required by regulations and based on proposals and comments from various parties, including Synapse.
DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS THE CHAIR: I think we'll mark the 1 NSUARB-BRD-E-R.10 Page 27 Opening Statement as Exhibit B-16. 19 input into that analysis on the part of the panel as to 20 what constitutes a reasonable leve...
AI summary The discussion revolves around the determination of a reasonable level of activity in a program, the development of tariffs, and the challenges in identifying a range of possible situations for different technologies and project sizes.
- Community Feed-in Tariff? Page 36 NSUARB-BRD-E-R.10 12 tariffs have a specific adjustment, so there's a rate set 13 for non-community projects and then there's a separate 14 different rate that's specific for projects, depending on 15 th...
AI summary The text discusses the possibility of a community feed-in tariff, referencing the Ontario Feed-in Tariff as an example. It also explores whether revenue requirements have been determined for community organizations, such as a Band Council or university, undertaking renewable energy projects like biomass CHP, hydro, or wind.
limitations to that and, you know, you'll get a chance to 1 examine such people later in the week, right? 8 to earn on the project?" how did you adjust for the bias 9 that might have been in that answer? 10 MR. KEITH: Well, a number of the...
AI summary The discussion highlights the discrepancy between project developers' requested returns (up to 50%) and lenders' more conservative estimates (13%), as well as the balancing act between encouraging project development and ensuring accessibility for community organizations through tariff design.
- all you can think of? Page 64 NSUARB-BRD-E-R.10 11 philosophical question and if it's too general please tell 12 me. 13 But to what extent should ratepayers 14 be expected to pay the cost of enticing entities to decide 15 to engage in en...
AI summary The discussion revolves around the fairness of ratepayers subsidizing energy projects to encourage municipal participation, with emphasis on long-term rate stability and economic benefits. The speaker references the renewable electricity plan and the importance of financial viability and reasonable returns on investment in tariff design.
- particular technology. 1 Page 98 NSUARB-BRD-E-R.10 Without getting into the issue of the 10 is some evidence of that and you want to certainly see 11 more than one you know, you want to see multiple 12 parties interested in financing the...
AI summary The discussion evaluates the feed-in tariff approach for small projects, noting that while it lacks the competitive pressure of an RFP process, it is considered more practical due to high transaction costs relative to project size. This trade-off balances competition with transactional efficiency.
the sawmill companies are represented by the Alliance of - Nova Scotia Sawmillers? - MR. KEITH: Yes. - MS. RUBIN: And given that the level - of development activity is a factor in setting the rates - would the interest of the sawmillers at...
AI summary The discussion involves the Alliance of Nova Scotia Sawmillers and their interest in CHP project development, highlighting uncertainty around costs and the need for specific tariff rates. St. Francis Xavier also mentions a required tariff rate for their project.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS it. SDIFs are great." They've been holding, you know, 1 public information sessions before this hearing, but 2 analytically it seems to not necessarily work. 3 And I guess the next I just wan...
AI summary The discussion highlights concerns from the Aboriginal community regarding the feasibility of small-scale renewable energy projects in Nova Scotia, particularly regarding the cost of raising capital and the challenges faced by minority-owned projects. The speaker references a letter from Mr. Pynn and mentions the need to address these concerns in tariff modeling.
- dollars per megawatt hour than larger hydro projects. - So if we were to set the tariff rate - on a very small hydro project and set it quite high we - would certainly be criticized as saying you're setting - that tariff based on the sma...
AI summary The discussion focuses on setting tariff rates for small hydro projects, particularly around a 1-megawatt size, and the potential criticism of setting rates based on the smallest sizes. There is also mention of the lack of resource review and the possibility of adjusting the tariff for smaller projects if more viable sites are identified.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS MR. VOGEL : I'll try and be brief. 1 NSUARB-BRD-E-R.10 Page 285 THE CHAIR: No, I didn't mean to hurry 10 MR. RICKERSON: And could you rephrase 11 the question one more time? 12 MR. VOGEL: Sur...
AI summary The discussion focuses on the importance of supporting mechanisms for small-scale community participation in feed-in tariff programs, referencing examples from Denmark, Germany, and Massachusetts. The speaker highlights varying approaches by governments in engaging stakeholders and facilitating feasibility studies.
20110405-1Hearing Transcript — 4/5/2011 (Synapse Panel, ANSS Panel)
12 passages
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS You know, I'm a fisherman. You want 1 NSUARB-BRD-E-R.10 Page 301 to find good bait, you want to cast it out there and get and you're very convincing in terms of the challenges. And so I think...
AI summary The discussion focuses on setting a reasonable tariff for COMFIT projects to create a viable sector without unnecessarily spending customer money. The aim is to balance affordability and sector development.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS The Renewable Electricity Plan talks 1 NSUARB-BRD-E-R.10 Page 321 about, you know, ways the Province could encourage 2 development, engage encouraging developers to engage 3 directly with the...
AI summary The discussion focuses on strategies to encourage renewable electricity project development, particularly involving engagement with the Mi'kmaq community and addressing financing challenges. It highlights concerns about setting tariffs too high, which could lead to increased costs and unfair advantages for certain projects.
their size. 1 Page 346 NSUARB-BRD-E-R.10 MR. RICKERSON: Well, I think Halifax 5 to do; that's what the regulations called for them to do. 6 THE CHAIR: I think that's right, Ms. 7 Ashworth. 8 MS. ASHWORTH: Okay. 9 I guess my next question,...
AI summary The discussion involves questions about the impact of a cap on small wind projects, specifically regarding its effect on debt financing and equity raising for feed-in tariff projects. Additionally, there is a question about the longevity of tidal turbines under a 20-year contract, which is deemed outside the panel's scope.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS service is generally comprised of the power to run pumps 1 NSUARB-BRD-E-R.10 Page 361 and fans. I don't believe that for 100 megawatt oil fired 21 experienced in, they won in both cases, and...
AI summary The text discusses a regulatory proceeding involving the NSUARB and references a debate about whether the panel considered least-cost principles when preparing tariffs. The discussion includes a question raised by MR. MERRICK regarding the Synapse's adherence to least-cost standards in tariff design.
- was the 1.5 percent as well? Page 388 NSUARB-BRD-E-R.10 10 could slide one or two directions and in fact they did 11 slide to allow for increase in rates around debt to equity 12 ratio, we moved from 60/40 down to 50/50. 13 MR. ROSCOE: M...
AI summary The discussion revolves around adjustments to the debt-to-equity ratio and debt terms in the context of feed-in tariff regimes, with considerations about the balance between setting rates too low or too high, and the impact on projects and ratepayers.
- grossed up to current value and then depreciated. Page 444 NSUARB-BRD-E-R.10 1 And so that depending on the cost in 2 that year of replacing that equipment based on the cost of 3 steel, the cost of labour, you know however things are 4 g...
AI summary The discussion revolves around the assessment of plant value, considering replacement costs and depreciation over time. It notes that the net effect of these factors results in a 1 percent decline in the assessed value of equipment over the long term, with clarification that machinery and equipment are not subject to property taxes in certain tariffs.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS And, again, that's when people 1 NSUARB-BRD-E-R.10 Page 469 recommend setting a tariff that's going to be applicable 2 to any number of projects based on an analysis of a 3 specific project a...
AI summary The discussion focuses on setting a tariff for renewable energy projects, emphasizing the need to avoid windfall profits and ensuring a reasonable number of viable projects. The speakers caution against overly specific rate-setting methods and highlight the importance of creative financing and market mechanisms in managing risks and encouraging investment.
- What I'm looking for advice is on what the tariff should - say. - MR. RICKERSON: Given that we've - talked about testing the market, I think maybe after a - year to 18 months might not be bad. But then going - forward maybe once every ye...
AI summary The discussion focuses on the frequency of tariff reviews for different energy technologies, with suggestions ranging from annual to every two years, and considerations about the complexity of various technologies like wind and tidal.
- conditions under which payment is to be made by public - utility to generator. - So (a) is obviously clear. We dealt - with that. Jumping to (c), the effective date, I assume - we'd do that in short order after our decision. - The durati...
AI summary The discussion revolves around the duration of a tariff, with participants debating whether the fixed rate component should be set for 20 years and whether the fuel adjustment should be updated annually. There is agreement that annual adjustments for the variable component would be appropriate.
- administrative burden. Page 486 NSUARB-BRD-E-R.10 1 MR. DEVEAU: Okay. Now, going back to 2 (b) for a minute: 3 "whether a tariff is to be 4 adjusted periodically and where 5 it is to be adjusted, the basis 6 for the adjustment." 7 We've...
AI summary The discussion revolves around periodic tariff adjustments, including potential triggers such as reviews or automatic adjustments based on schedules, time intervals, capacity thresholds, or technology experience curves. The example of Germany's feed-in tariff for solar is cited as a reference.
- instance, tariffs in Vermont, do they have anything much - farther than providing for a rate and a review in the - tariff itself? - MR. KEITH : There is a section of the - regulations that may be relevant that says that the - Minister, i...
AI summary The discussion revolves around the internal versus external terms and conditions of feed-in tariffs, specifically whether certain terms should be included within the tariff itself or addressed in other regulatory frameworks. The conversation also touches on the standard form of power purchase agreements.
- tariff. Page 490 NSUARB-BRD-E-R.10 20 MR. DEVEAU: You're talking steam only 21 here. 22 MS. SHAW: Yes. 1 NSUARB-BRD-E-R.10 Page 497 MR. DEVEAU: Right. 2 MS. SHAW: And in that case, if you 3 are successful and you get periodic supervision...
AI summary The discussion centers on whether the labor costs associated with a CHP plant are incremental costs specific to the CHP model or costs that would be incurred regardless. The parties acknowledge that the costs are not due to the CHP model itself but rather due to the pressure and volume requirements of the plant.
20110406-1Hearing Transcript — 4/6/2011 (ANSS Panel, St. Francis Xavier Univ, Consumer Adv. Panel)
9 passages
April 4, 2011 Hearing opens 1 U-6(a) To include the full amount of parasitic power in the calculations, as well as a separate calculation using the differential of approximately 5 percent 463 U-10 To provide an approximation of The new pro...
AI summary The text outlines a hearing session on April 4, 2011, where various utility-related issues were discussed, including parasitic power calculations, tariff proposals, and the presentation of data using the Synapse model. The session includes the filing of documents and the distribution of responses to specific utility-related requests.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS businesses are here and employ people here and are 1 resident of Nova Scotia. I'm sorry, in that way I was 2 under the impression that's why it's considered community 3 or regional or local,...
AI summary The text discusses a conversation in a regulatory proceeding involving the eligibility of community organizations to participate in a biomass combined heat and power (CHP) tariff, and mentions an exemption successfully lobbied for by an organization to allow sawmills and companies to engage in CHP projects.
around somewhere in the 14 cent range. 1 Page 698 NSUARB-BRD-E-R.10 export? 19 MR. TRAVIS: Yes, regarding 20 efficiency? 21 MR. OUTHOUSE: Yes. 22 MR. TRAVIS: Yes. DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS 1 NSUARB-BRD-E-R.10 Page 703 M...
AI summary The discussion revolves around efficiency targets and recommendations made by ANS during proceedings. ANS expressed concerns about setting a minimum efficiency target and the use of a back pressure turbine, with Synapse ultimately accepting these recommendations. There is also mention of concerns about the feed-in tariff being set too low.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS MR. OUTHOUSE : Sure. So basically, NSUARB-BRD-E-R.10 Page 733 1 what you're looking at is the risk the project would 2 have a feed-in tariff at a set rate, would sell all the 3 power it could...
AI summary The text discusses a feed-in tariff (FIT) mechanism for a project, where the rate is set and the project sells all the power it can produce at that rate, with a 13% return. It also touches on fuel-related issues and boiler operations at 15 psi.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS pressure and steam loads and those kind of things. If the 1 NSUARB-BRD-E-R.10 Page 759 Board would like, we have someone in the room who can 6 take it that it's only been in the last year tha...
AI summary The discussion revolves around the development of a co-generation project by the university, which has occurred without considering the COMFIT tariff. The Board is inquiring about the timeline and influence of the COMFIT tariff on the project's planning.
- COMFIT tariff, but previous attempts, there was no - evidence that one was available and so you work within the - means that you have. - MR. MERRICK : And when you say - currently, we're talking about just the last couple of - months? -...
AI summary The discussion revolves around the financing structure of a development project at a university, with a proposed 60/40 split between different parties. The conversation also touches on the COMFIT tariff and previous attempts to implement similar concepts.
- And the capacity factors that I Page 834 NSUARB-BRD-E-R.10 13 renewable sector? 14 MR. CHERNICK: No, there are always 15 technology requirements in terms of size and the fuel 16 source and, in some cases, efficiency. 17 MS. CAMERON: Well...
AI summary The discussion revolves around the distinction between FIT (Feed-in Tariff) and COMFIT (Community Energy and Distributed Infrastructure Facility) programs in the context of renewable technologies. The proceeding focuses on COMFIT, which applies to smaller, community-owned renewable projects, while FIT is reserved for larger, non-community projects, such as tidal energy. Biomass is noted as a COMFIT with a special exemption.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS sites and 2 megawatt sites, you could look at a declining 1 block tariff. So there's single tariff. 2 If you're a large plant, you get one 3 rate up to so many kilowatt hours a month and then...
AI summary The discussion revolves around the design of a block tariff for COMFIT projects, noting that larger projects may have lower average payments per kilowatt hour. However, there is a lack of data to estimate the curve for the tariff, and the speaker suggests that the Board may revisit the tariffs in the future.
So you're not going to have the system running amuck. 1 Page 892 NSUARB-BRD-E-R.10 either using the kind of approach I laid out or the one 10 reviewed the specific rates in most of the European 11 jurisdictions. But when I've seen tables o...
AI summary The discussion revolves around the wind tariff structure, with concerns raised about potential perverse incentives due to a threefold difference in tariffs. However, it is argued that the structure may not be problematic unless there is a significant error in the Board's calculations, which would make smaller turbines more profitable than larger ones.
20110407-1Hearing Transcript — 4/7/2011 (Consumer Adv. Panel, Cdn. Wind Energy Panel, EAC - T. Couture)
19 passages
April 7, 2011 Questions from Mr. Doehler 1014 Questions from Mr. Deveau 1017 Questions from The Chair 1022 Further Cross-Examination by Mr. Outhouse 1029 Further Cross-Examination by Mr. Reynolds 1035 Further Cross-Examination by Mr. Towse...
AI summary The text outlines various documents and proceedings from April 4 and April 7, 2011, including questions from individuals, cross-examinations, and submissions related to energy and regulatory matters. These include work papers, contracts, and policy guides.
- so more a comment than a question. I believe that that - statement doesn't hold. - Page 17 and 18, under "Reality Check" - we have the section on comparing tidal rates to previous - Nova Scotia Power RFP processes which is not possible w...
AI summary The discussion revolves around the inapplicability of comparing tidal energy projects to Nova Scotia Power's historical RFP processes for large wind projects. The participant confirms that the previous comments were specific to large wind and not tidal energy. Nova Scotia Power is expected to initiate a feed-in tariff process for tidal initiatives in Minas Passage.
- Sorry. Page 974 NSUARB-BRD-E-R.10 1 Can you explain any experience you've 2 had in feed-in tariff design and rate setting previously? 3 MR. CHERNICK: Well, as I mentioned in 4 my opening my introduction, I guess, going back to the 5 earl...
AI summary The text discusses a regulatory proceeding involving feed-in tariff design and rate setting. Mr. Chernick mentions his experience with setting rates for renewable energy facilities in the U.S. and is questioned about the cost-effectiveness of feed-in tariffs compared to RFP processes. He admits he is not familiar with the relevant international literature.
report back. 1 If NSPI is prepared to undertake to 2 produce it, that would be the more direct way, I would 3 think. 4 THE CHAIR: Why don't you and 5 Ms. Godbout chat about it and see how we might most 6 effectively do it? NSPI hasn't prod...
AI summary The discussion involves NSPI and Mr. Chernick addressing confidentiality concerns and the production of information. Ms. Ashworth raises questions about community eligibility requirements for feed-in tariffs, specifically referencing COMFIT and comparing it to Ontario's provisions.
- percent. NSUARB-BRD-E-R.10 Page 1029 1 Oh, sorry. THE CHAIR: 2 One of your questions MR. REYNOLDS: 3 you were asking about it was the form of the response 4 that concerned me. 5 Sure, go ahead. THE CHAIR: 6 Maybe it will be that MR. REYN...
AI summary The text is a transcript of a regulatory proceeding where a witness is being questioned about recommendations for tariff conditions, specifically related to tidal energy and backflow from the distribution system to the transmission system. The discussion centers on the form of the response and whether additional qualifications should be included in the tariff.
membership first. 1 Page 1054 NSUARB-BRD-E-R.10 Scotian Windfields, Mr. Roscoe? 11 reality the land lease for this is sort of a new aspect 12 for all of us, I think. The typical per megawatt rates 13 don't necessarily apply when you go dow...
AI summary The discussion revolves around the use of local versus broader regional data for tariff calculations, particularly in the context of operation and maintenance (O&M) costs for wind energy. The witness, Mr. Levy, explains that CanWEA collects data from a wide range of sources across Canada, including different turbine sizes and regions, and suggests that regional data should be considered in tariff calculations.
- comment on those, no. Page 1062 NSUARB-BRD-E-R.10 21 My question was about the indexed at 100 percent. 22 MR. LEVY: Yes. DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS 1 NSUARB-BRD-E-R.10 Page 1065 MR. OUTHOUSE: And were you 2 recommendin...
AI summary The discussion focuses on the indexing of tariffs at 100 percent of CPI, with Mr. Levy confirming that the entire tariff was recommended for indexing, not just O&M. He mentions Quebec and Ontario as examples of jurisdictions with similar mechanisms, though Ontario uses a 20 percent escalator on feed-in tariff rates.
I guess what I would dispute is that that is a material impact on the levelized cost of energy production from community based projects. I don't think the impact is substantive enough and there are or that it's even substantive at all. Pag...
AI summary The speaker disputes the claim that the levelized cost of energy production from community-based projects is significantly impacted. They argue that smaller turbines are less economically efficient compared to larger ones and suggest a more flexible tariff structure would allow communities to choose turbine sizes based on their financial resources.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS Now, I stand to be corrected on that, 1 NSUARB-BRD-E-R.10 Page 1109 but the tariff design did not assume the full capture of 2 all of the available incentives because then it would 3 essentia...
AI summary The discussion revolves around the design of a tariff and the inclusion of incentives, particularly tax credits, in a feed-in tariff structure. The concern is that assuming all participants can exploit incentives may limit eligibility and create challenges in determining who qualifies for them.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS MR. COUTURE : Yes. 1 NSUARB-BRD-E-R.10 Page 1119 (SHORT PAUSE) 1 MR. COUTURE: Yes, that's correct. 2 MS. RUBIN: So the program 3 adjustments, is it it's a full look at the feed-in 4 tariff pr...
AI summary The discussion centers on program adjustments within a feed-in tariff policy, distinguishing between minor adjustments and periodic revisions that may involve structural changes. The conversation explores whether these adjustments can allow prices to be tracked upward or downward.
- Advocate's articulation of that reality. - What I was trying to bring attention - to is that it's not necessarily an advisable basis on - which to build public policy or renewable energy policy - for that matter. - The presence of an end...
AI summary The speaker argues that relying on goodwill and free money is not advisable for renewable energy policy. They suggest that renewable energy projects should aim to do better than break even to attract investment. They agree that a 13% return on equity is reasonable, though they acknowledge some debate around the exact figure. They also believe current tariffs are adequate to attract investors.
- lasted. 1 Page 1144 NSUARB-BRD-E-R.10 So I think the assumption of building 2 the financing for a tidal project on the basis of a 20- 3 year production 20 years of electricity production is 4 over-optimistic. 5 I think it's generally ack...
AI summary The discussion addresses the financing assumptions for tidal energy projects, suggesting that a 20-year production period may be overly optimistic. It also considers performance-based incentives to encourage technological improvements and questions whether ratepayers should bear the cost of incentivizing new technologies.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS So there's significantly higher risk, 1 and that risk means that the investors that are investing 2 in large RFP-type processes tend to require a higher rate 3 of return, whereas under a feed...
AI summary The speaker discusses the perceived higher risk in RFP-type processes compared to feed-in tariffs, which leads to higher required returns for investors. Feed-in tariffs offer price transparency and guaranteed grid access, potentially lowering costs. However, the speaker acknowledges that economic anomalies exist, and further research is needed to explain discrepancies in cost outcomes.
built 500 or 700, they've either got to go to 1.5 to get 1 Page 1170 NSUARB-BRD-E-R.10 under is capped at 5 megawatts? 10 Ageitus (phonetic) study are only two of a set of studies 11 on title, I think that the truth lies somewhere in 12 be...
AI summary The text discusses uncertainty in tidal power project costs, noting discrepancies between studies and the challenge of setting a single feed-in tariff price that accommodates different technologies and project specifics. It raises the question of how the Board should proceed when costs are uncertain.
- harvesting, but it may not reflect the supply and demand - - the price that's actually generated in the market by the - laws of supply and demand. - MR. COUTURE: And then you bring the - - -I think that's a very important factor in this,...
AI summary The discussion centers on the impact of biomass and CHP electricity supply on market prices, as well as the consideration of plant-specific fuel pricing in feed-in tariffs. Mr. Couture notes that increased supply from such projects could tighten the market and raise prices, while Mr. Outhouse references Mr. Bodington's suggestion of plant-specific indexing in feed-in tariffs.
- lower threshold. - And this is a relatively simple way to - capture economies of scale and address that. - MR. DOEHLER: Page 11, last paragraph. - Talking about it may be advisable to introduce a tariff - degression to both track and enc...
AI summary The discussion focuses on introducing a tariff degression to capture economies of scale and address the tidal question. The suggestion includes an annual percentage decline in the tariff, with examples of 10 or 15 percent annual reductions.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS suggesting, then, is someone comes in now, they get the 1 Page 1204 NSUARB-BRD-E-R.10 to track and simultaneously encourage technological 2 change. And I think tidal is actually what often 3...
AI summary The discussion focuses on the degression rate for tidal energy tariffs and the variety of turbine sizes available in the market. The witness explains that emerging technologies like tidal energy may have higher degression rates due to expected cost reductions, similar to photovoltaics. The Chair inquires about the number of turbine sizes available between 50 kW and 1.5 MW, and the witness responds that there are a finite number of standard turbine sizes available.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS MR. COUTURE: No, I have seen other 1 I followed it fairly closely when these negotiations were 6 have the ability to know when a review is taking place. 7 So for the sawmillers with that year...
AI summary The discussion revolves around the small wind tariff cap and whether caps are generally advisable in feed-in tariff rate design. There is a clarification that only the small wind tariff is capped, not tidal. The conversation also touches on the transparency and predictability of reviews.
- DICTUM DIGITAL INC. CERTIFIED COURT REPORTERS say, for instance, that they got in before the next guy 1 NSUARB-BRD-E-R.10 Page 1213 and therefore their project should receive precedence. 2 So caps inherently create this 3 finitude that i...
AI summary The text discusses concerns about caps in energy programs, particularly how they create uncertainty and conflict among communities and developers. It suggests that clear provisions for addressing cap limits would reduce uncertainty. The discussion also references a tidal tariff and degression rates.