Without major technological breakthroughs, the costs of moving quickly to a far less carbon-intensive economy are painfully high.
Will affect 28 solar and wind projects ready to go online, 16 more under construction and $6.4 billion in investments, much of it from foreign firms.
Privately owned utility is regulated through the Nova Scotia Utility Review Board.
Research paper contends there’s not enough hydro capacity with power being used for heating.
Demand estimated to be down nearly 10%, more than double the decline following the 2008 recession.
Includes combined cycle power generating plants in Napanee, Halton Hills and Toronto.
Paper says most of the nearly $6 billion spent annually to cut electricity costs goes to customers who don’t need help.
If necessary, bed, food and other on-site arrangements have been made to allow the operators to stay at their workplaces.
Utilities indicate they can’t unilaterally reduce rates set by provincial energy boards.
Plant is contracted under a long-term power purchase and steam sale agreements for six years.
The two governments will also work towards electrifying federal buildings to reduce an anticipated power surplus in the province
The provincial government said last March it would continue to subsidize hydro rates and hold any increases to the rate of inflation
Reviews will be carried out in 2026 and 2029 to determine whether an exit can happen three years before the final deadline.
Initial observations suggest human error was responsible for the alert.
Investigation will examine the sequence of events that led to the alert being sent out and contingency measures that should be in place.