Energy Management Tool Proposed

HALIFAX -- Nova Scotia Power is proposing a new energy management tool.

The tool, a voluntary rate, called the extra large industrial interruptible rate, has three principle benefits. It is designed to help some of Nova Scotia's largest manufacturers manage their power bills. It will assist the power company in the operation of the provincial electricity grid during times of peak demand. And, it will help manage energy costs across the entire system, thus benefiting all consumers of electricity.

Under this proposal, which is before the Nova Scotia Utility and Review Board, very large industries would voluntarily reduce power consumption at short notice when called on by Nova Scotia Power. In order to qualify companies must be able to reduce their power usage by 20 megawatts.

In turn, Nova Scotia Power will be able to avoid expensive energy choices involving the use of combustion turbines or power purchases from other jurisdictions. The province's energy requirements peak most frequently on the coldest winter days.

The rate builds on an existing arrangement designed for rare circumstances such as emergencies or large disruptions to power supplies. The new rate is an energy management tool and would result in power reductions for economic benefit.

Source: Nova Scotia Power Press Release