Electric utility regulation lessons from Nova Scotia #nspoli

When is a rate cap not a rate cap?
How do you skew a utility towards fossil fuel dependence?

With a Fuel Adjustment Mechanism (FAM) 🧵👇

halifaxexaminer.ca/economy/utilit… The background here is

Nova Scotia Power applied for a big rate increase

The gov't "capped the rate", but it isn't a real cap because fuel cost increases will increase rates under a Fuel Adjustment Mechanism (FAM)

As a keen observer of Nova Scotia energy policy I reviewed the @nspowerinc rate application and I have thoughts

#nspoli 🧵👇

tl:dr - previous gov't needs to take responsibility for artificially capping investment & utility should be regulated on societal performance #nspoli Electricity system planning is long-term.

Some accountability for this rate increase rests with former Liberal Premier Stephen McNeil who played politics to hide from rate increase responsibility, which pushed off investments