Large Industrial Renewable Energy Purchase Program (New Brunswick, Canada)

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Last modified on February 12, 2015.

EZFeed Policy

Place New Brunswick


   
Applies to States or Provinces New Brunswick
Name Large Industrial Renewable Energy Purchase Program (New Brunswick)
Policy Category Financial Incentive
Policy Type Performance-Based Incentive
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator New Brunswick Energy and Mines
Primary Website http://www2.gnb.ca/content/gnb/en/departments/energy/industrial.html
Applicable Jurisdiction New Brunswick, Canada


Last Review 2014-09-30


Information Source Electricity from Renewable Resources Regulation – Electricity Act - http://laws.gnb.ca/en/ShowTdm/cr/2006-58//


Summary

Beginning January 1, 2012 the Large Industrial Renewable Energy Purchase Program allows NB Power to purchase renewable energy generated by its largest customers at a rate of $95/MWh. This renewable energy will count towards meeting the Province’s renewable energy targets at a purchase price at - or below - the current market price for most forms of renewable energy.

The underlying premise of the Large Industrial Renewable Energy Purchase Program is to bring electricity costs for qualifying export-oriented companies in New Brunswick in line with the average cost of electricity in provinces where those companies’ competitors are located.

The Large Industrial Renewable Energy Purchase Program is implemented in accordance with the provisions found in the Electricity from Renewable Resources Regulation – Electricity Act. The general requirements and parameters are set out in the Regulation but certain assumptions and methodologies are reserved for the Minister of Energy to determine.



Policy Contact

Department New Brunswick Energy and Mines
Division Large Industrial Renewable Energy Purchase Program
Address Brunswick Square
Address 2 1 Germain Street, Suite M100
Place Saint John, New Brunswick
Zip/Postal Code E2L 4V1
Phone (506) 658-3180

Fax (506) 643-2919
Email DOEweb@gnb.ca
Website http://www2.gnb.ca/content/gnb/en/contacts/dept_renderer.4584.html
     
     


















References