BILL NO. 111

(as introduced)

1st Session, 64th General Assembly
Nova Scotia
71 Elizabeth II, 2022

 

Private Member's Bill

 

Performance-based Regulation of Electrical Utilities Act

 

Claudia Chender
Dartmouth South

First Reading: March 30, 2022

Second Reading:

Third Reading:

 

An Act Respecting Performance-based
Regulation of Electrical Utilities

Be it enacted by the Governor and Assembly as follows:

1 This Act may be cited as the Performance-based Regulation of Electrical Utilities Act.

2 (1) Subject to Section 3, the Minister of Natural Resources and Renewables shall strike a commission to create a performance-based regulation framework for Nova Scotia Power Incorporated within one year of the coming into force of this Act.

(2) The performance-based regulation framework must require the Nova Scotia Utility and Review Board to

(a) remove disincentives from existing regulatory systems that discourage customer renewable energy generation and energy efficiency; and

(b) determine Nova Scotia Power Incorporated's annual rate of return according to a set of performance-based incentive mechanisms related to, but not limited to, outcomes respecting

(i) decarbonization,

(ii) reliability,

(iii) customer satisfaction,

(iv) citizen and community participation in the production of renewable power generation,

(v) energy efficiency,

(vi) a just transition to support workers and their communities in the transition to a low-carbon economy,

(vii) reduction in energy poverty, and

(viii) lowering customers' power bills.

3 The money required for the purpose of this Act must be paid out of money appropriated for that purpose by the Legislature.

 

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