Public input sought for long-term energy supply plan
New Brunswickers are invited to share their priorities about clean energy, affordability and customer options as NB Power maps out its energy supply plan for the next 25 years.
NB Power is seeking public input for its Integrated Resource Plan (IRP) 2017, which will be submitted to the Province of New Brunswick and the Energy and Utilities Board later this year.
New Brunswickers are encouraged to share their thoughts online or in person at a community dialogue session scheduled in the month of April. The deadline for feedback is May 15, 2017.
"The plan we're developing will guide our decision making, our investments, the introduction of potential new products and services," said Keith Cronkhite, NB Power Senior Vice President of Business Development and Strategic Planning. "There are a lot of options for how we meet the energy needs of New Brunswick, so it's important that we understand what's important to you."
With input from experts and the public, NB Power's Integrated Resource Plan will explore the following:
- Options to meet projected demand for electricity while ensuring that at least 40 per cent is from renewable energy sources;
- The role NB Power can play in responding to climate change as we transition from traditional fuels to more clean energy sources;
- The role NB Power customers want to plan in managing future energy needs, by using electricity more efficiently, generating it, or storing it themselves;
- Ensuring we provide affordable, reliable and safe electricity for all New Brunswickers.
While the IRP is forecast for 25 years, NB Power updates the plan on a regular basis to reflect new technology, changes in customer demand and fuel pricing. The last IRP was filed in 2014.
NB Power is required to submit an IRP to the Energy and Utilities Board (EUB) at least once every three years. The EUB will consider the IRP, along with the ten-year strategic, financial and capital investment plan and other considerations in approving rates. Each version of the IRP will involve input from the utility's customers.