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Changes to the act will increase the total amount in administrative penalties that can be levied against Nova Scotia Power in a year to $25 million, up from $1 million.
Source: https://thelaker.ca/province-introduces-amendments-increasing-potential-fines-to-n-s-power/
Environment Minister Tim Halman says under the cap-and-trade system, Nova Scotia Power would be forced to buy emission credits or allowances, as they are called, with ratepayers on the hook.
Nova Scotia Power customers learned on Thursday their power bills will be rising significantly by the end of 2024.
Nova Scotia Power reported nearly 120,000 customers without power as of 9:45 a.m. local time, and the number was climbing quickly.
The Nova Scotia Utility and Review Board has told Nova Scotia Power that it wants a detailed plan about how the utility plans to get off coal by the end of the decade.
Source: https://www.cbc.ca/news/canada/nova-scotia/nova-scotia-power-carbon-reduction-plan-1.6967344?cmp=rss
The utility, Nova Scotia Power (NSP), was mandated to provide 40 per cent of its electricity from renewable sources by 2022 but only hit around 32 per cent renewables between 2020 and 2022.
This would have brought Nova Scotia Power up to the 40 per cent target and allowed it to bring more variable renewables such as wind and solar onto the provincial grid.