February 12, 2007

New Nova Scotia regulations raise the bar for renewable energy

HALIFAX, NS-New regulations under Nova Scotia's Electricity Act are raising the bar for renewable energy in Canada. The regulations call for renewable energy increases of 5% to the total supply by 2010 and 10% by 2013, over and above renewable supplies already in the system as of 2001. As a result, by 2013, almost 20% of Nova Scotia's electrical system capacity will be generated by renewable energy sources such as wind, biomass, hydro, solar and tidal power. To meet the 2010 target, only independent power producers will be able to bid on new renewable energy projects. The regulations provide for stiff penalties-up to $500,000 per day-for electric utilities that fail to meet the targets. At the same time, Energy Minister Bill Dooks announced the promulgation of a new regulation setting wholesale market rules. As of February 1, 2007, this regulation allows Nova Scotia's six municipalities to purchase electricity, including renewable energy, directly from suppliers and allows the export of electricity (including renewable energy) to other jurisdictions.

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