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HALIFAX — New legislation introduced in Nova Scotia changes how the electrical grid is structured and regulated.
The creation of the two new entities was recommended in a report released by the Clean Electricity Task Force, whose two members said that structural change was necessary to spur the competition needed to replace coal, which currently accounts for about half of the province’s total electrical generation.The bill would change the name of the Nova Scotia Utility and Review Board to the Regulatory and Appeals Board, which would remain responsible for all regulatory matters aside from energy.
The new public operator would be responsible for the procurement of new energy sources, resulting in a system, Rushton said, that chooses the lowest-cost options for reliable electricity.The plan is to have the Nova Scotia Energy Board in place in about a year and the new system operator up and running in about 18 months.
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