Energy Minister Says Predictability Key to Energy Costs

first_imgEnergy Minister Cecil Clarke says predictability is key to energycosts for consumers. He is responding to Nova Scotia Power’ssuggestion that consumer electricity bills be tied to changingfuel costs through a “fuel adjustment mechanism.” “Nova Scotians want predictability and they want protection whenit comes to the amount they are paying for electricity,” said Mr.Clarke. “The current regulatory process for setting electricityrates for this province is fair and we will be putting that caseforward as part of our presentation in hearings this fall.” The province will intervene in Nova Scotia Power’s applicationfor a rate increase during public hearings before the Nova ScotiaUtility and Review Board (UARB) beginning on Nov. 15. Electricity rates fall under the authority of the UARB, anindependent quasi-judicial body that has both regulatory andadjudicative jurisdiction. The province will make its case on the proposed fuel surchargealong with other key issues contained in the rate applicationsuch as taxation, rate of return and fuel costs. “My priority is to ensure that the ratepayers of the province arefully informed about all of the elements that contribute to theirelectricity bill,” said Mr. Clarke.last_img

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