Maritime Link project will save millions

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HALIFAX – Working together, Atlantic Canadians can expect millions of dollars in savings and efficiencies when the Maritime Link starts bringing electricity from Newfoundland and Labrador to Nova Scotia in 2017.

Energy Minister Charlie Parker has invited the Atlantic energy ministers to meet in Nova Scotia this spring to continue implementing the plan to secure more benefits from regional energy co-operation.

"While most people understand Nova Scotia can't control world energy prices, they are right to expect the government to put policies in place that ensure power rates are the lowest and fairest possible," Parker said in a news release. "We have the evidence and we know the savings and opportunities will be significant. Now, we must work together to further develop the plan to ensure we turn that potential into reality."

Studies released in September by the Atlantic Energy Gateway identified significant potential benefits from regional energy collaboration on the Maritime Link project, including cost efficiencies, greater diversity in clean and renewable energy supplies, enhanced stability for ratepayers and lower greenhouse gas emissions.

Parker said the reports show the Lower-Churchill/Maritime Link project is right for Nova Scotia, Atlantic Canada and the country.

"We must do all we can to maximize the savings, efficiencies and opportunities for Atlantic Canadians associated with this mega project," Parker said.

The Atlantic Energy Gateway was announced in March 2009 to enhance regional co-operation and develop Atlantic Canada's clean energy resources. The gateway is a collaboration by the Atlantic Canada Opportunities Agency, Natural Resources Canada, the Atlantic provinces, regional power utilities and electricity system operators.

The executive summaries of the reports can be found at www.acoa-apeca.gc.ca/eng/publications/ResearchStudies/Pages/Home.aspx#aeg . Full reports are expected to be available soon.

 

Organizations: Atlantic Canada Opportunities Agency, Natural Resources Canada, ResearchStudies/Pages/Home.aspx

Geographic location: Nova Scotia, Newfoundland and Labrador, Atlantic Canada

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Recent comments

  • Truth
    January 20, 2013 - 21:22

    Some commenters just don't know anything about politics or energy... Maybe brush up on your facts or get your head out of the clouds?

  • yeah right
    January 17, 2013 - 09:50

    Charlie Parker - what a crock of feces!!!! If there is one thing the people of Nova Scotia have learned its that NS Power only increases power rates, never lowers them. Sure we may have a new source of power, but don't kid yourself, the rate increases will be significant as the rate payers will be funding the installation of the infrastructure, how else could a company spend billions and still give a 9% return to shareholders.

  • observer
    January 16, 2013 - 19:16

    Certainly the New England states will probably realize savings once the transmission lines are in place to supply that market. However, Residents of NS should be prepared for the news that like the Natural gas that flows through Nova Scotia, there will be no distribution of this electricity throughout this Province. The NDP will bow to pressure from Emera to ensure that it and it alone reaps the benefits while the taxpayers foot the bill. Don't rush to convert your oil heating to electrical just yet.