HALIFAX – The provincial regulator has ordered Nova Scotia Power to spend more than $33 million annually on energy efficiency programs over the next three years.
Nova Scotia Power had asked the Utility and Review Board to approve a program that would cost $22 million a year.
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In a decision released today, the board stated that plan may be more affordable in the short term, but was not in the best interest of ratepayers who should be allowed the opportunity to achieve long-term savings.
Under today’s decision, Nova Scotia Power must spend $33.2 million in 2016, $34 million in 2017 and $34.9 million in 2018.
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Efficiency One, the non-profit agency responsible for providing energy efficiency programs, said the cost to consumers, which is embedded in power rates, would result in some minimal short-term increases to power bills.
The regulator notes in today’s decision that Nova Scotia Power customers have been paying about $40 million per year for efficiency programs since 2011.
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